Over 90% of PPC Zimbabwe sales in US$
CEMENT manufacturer PPC Zimbabwe now earns the bulk of its revenue in US dollars, with over 90% of sales dollar-denominated,…
Category: Manufacturing
‘Chinese firms take over Zim’s cement industry’
CHINESE firms now largely dominate Zimbabwe’s cement industry, with six operating locally compared to just two domestic producers, highlighting Beijing’s…
PPC Zimbabwe dividend surge drives SA group’s earnings growth
PPC’s Zimbabwe operations delivered a record dividend that underpinned its South African parent, PPC Limited’s, interim financial results, highlighting the…
Government takes steps to revive CSC
THE Government, through the Ministry of Finance, Economic Development and Investment Promotion, is seeking consulting firms to provide Transaction Advisory…
Local tobacco firm starts producing cigarettes under toll manufacturing
LOCAL tobacco company, Ethical Holdings, will start producing cigarettes under a tolling arrangement with a Chinese firm, in a development…
2 500 jobs in US$260m Varun deal . . . President poised to open firm’s new beer, snacks-making plants
VARUN Beverages Ltd has invested more than US$260 million in new beer and snacks manufacturing plants, set to be officially…
Manufacturers unite to fight counterfeit goods threatening consumer safety
ZIMBABWE’S manufacturing industry giants have forged a united front in support of a forthcoming public lecture to explore ways to…
Minister urges Treger Products to expand its footprint into regional markets
THE Minister of Foreign Affairs and International Trade, Professor Amon Murwira, has encouraged Treger Products to accelerate its expansion into…
Tanganda shareholders approve US$8m capital raise
SHAREHOLDERS of Tanganda Tea Company Limited have approved a US$8 million renounceable rights offer, clearing the way for a near…
Repurpose idle factories for MSMEs: Minister
WOMEN Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa has called for idle factories to be repurposed and…