Invest Wisely
The Ministry of Industry and Commerce is negotiating a US$600 million facility with Botswana, for the local manufacturing sector, whose capacity utilisation remains below 50 percent owing to a range … Read More
TEXTILE giant Merlin, which is under resuscitation, has secured a contract to dye 306 tonnes of yarn from a local company. The Bulawayo-based firm, which was placed under judicial management … Read More
GRAIN milling company, Blue Ribbon Foods Limited has saved around $4,5 million in the past 18 months after procuring maize locally from farmers who were contracted under Government’s import substitution … Read More
Ziscosteel requires at least $1billion to restart operations following its closure about 10 years ago while the new investor will need 18 to 24 months to restructure and reconstruct blast … Read More
Grain milling company, Blue Ribbon Foods Limited says it is working on diversifying into beverages manufacturing, as investor confidence in the country continues to grow. The project is expected to … Read More
SOUTH African pharmaceutical group Adcock Ingram says its businesses in Zimbabwe and Kenya collectively increased turnover by 24,8% to R123,7 million ($10,5m) in the interim results for the six months … Read More
ZIMBABWE’S largest beverage maker, Delta Corporation’s legal battle to get interest of close to $700 000 on charges of underestimated taxes from state revenue collector Zimra rages on with the … Read More
Depressed production volumes saw Hippo Valley Estates, a local unit of South African sugar producer Tongaat Hulett, report a 13 percent decline in revenue to $72 million for the half … Read More
COOKING oil producers have approached the central bank asking to be allowed to sell some of their products for cash in foreign currency to be able to import raw materials. … Read More
STATE owned timber producer and processor, Allied Timbers, anticipates a return to profitability next year, the first time in nearly 10 years. However it must first achieve its target to … Read More
