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
Category: Manufacturing
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
Zim, Kenya bouy Adcock Ingram’s earnings
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
Delta, Zimra tiff rages on
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
Hippo Valley revenue dips
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
Edible oil producers seek to charge in forex
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
Allied targets return to breakeven, profitability
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
PG Industries investor Dewei to pay scheme members
The proposed investor for PG Industries, Dewei Investments says it has received regulatory approvals and will proceed to pay off the building materials manufacturer’s shareholders and creditors this month. The … Read More
$1 million for Bakers Inn promo
BAKERS INN has injected $1 million into this year’s edition of Buy and Win promotion, with the confectionery firm projecting to boost volumes by 15%. The promotion, which is in … Read More
Bakers Inn targets 5% market share surge
INNSCOR Africa’s bakery unit, Bakers Inn, seeks to increase its market share by 5% to 50% by the end of the year through its 2017 edition of Buy and Win … Read More
