Bread price slashed
SIMBISA Brands subsidiary, Bakers Inn Bakeries, has reduced to $14 the price of a loaf of bread from $15,75 in response to a Government subsidy in the supply of wheat. … Read More
Category: Manufacturing
Chemplex seeks RBZ forex fundraising approval
FERTLISER and chemical manufacturer, Chemplex Corporation, is seeking Reserve Bank of Zimbabwe (RBZ) approval to sell some of its assets in US dollars to raise $10 million to complete a … Read More
Proplastics leverages on new currency
Listed manufacturer Proplastics says it is now adopting an “aggressive exports strategy” in view of the announcement by the Government to end the multi-currency system. Last week, the Ministry of … Read More
Investor to set up chlorine plant at Redcliff
A GERMAN company, Thyssen Krupp, plans to construct a chlorine plant in Redcliff for the production of water purification chemicals for industrial use. The proposed investment will be the latest … Read More
Art partners Botswana-based firm . . . Company eyes export-led growth . . . Kadoma Paper Mill now operating full throttle
Amalgamated Regional Trading (ART), has secured a partnership deal with a Botswana based firm for the distribution of its products in the Southern African country to increase volume growth as … Read More
Government seeks $600million facility for industry
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
Merlin secures 306t dyeing contract
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
Import substitution programme saves Blue Ribbon $4,5m
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 needs $1bn to kick start
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
Blue Ribbon to diversify into beverages
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
