INDUSTRIALS & ENERGY

Forex shortages frustrate Bulawayo clothing factory

ONE of Bulawayo's clothing factories, Femina Garments, is operating at 30 percent capacity utilisation due to persistent foreign currency challenges, blamed for frustrating operations.The company's ma...

By Staff reporter | Published: 26 July 2018
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POLITICS

Modi to set up $7m geysers factory

PROMINENT Bulawayo businessman and Zanu-PF National Assembly candidate for Bulawayo South constituency Raj Modi has partnered an India-based firm, Kanti Council Services (KCS) to set up a $7 million s...

By Staff reporter | Published: 10 June 2018
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INDUSTRIALS & ENERGY

Leather cluster shoe factory begins operations

THE Bulawayo leather cluster shoe factory has started operating, with a new product line expected to hit the market soon.Cluster secretary, Mr Fungai Zvinondiramba, said they were in talks with a numb...

By Staff reporter | Published: 16 May 2018
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BUSINESS NEWS

Bulawayo engages idle factory owners

THE Bulawayo City Council has begun the process of engaging owners of idle factories in Belmont to ensure full utilisation of the infrastructure under the Special Economic Zones (SEZs) initiative, the...

By Staff reporter | Published: 07 March 2018
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INDUSTRIALS & ENERGY

Bata upgrades factory plant

THE country's largest shoe manufacturer Bata Shoe Company has embarked on a massive upgrade of its Gweru plant, which is aimed at improving the quality of its products and diversifying production.Bat...

By Staff reporter | Published: 01 December 2017
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INDUSTRIALS & ENERGY

Bakers Inn to open $2m factory in Bulawayo

Simbisa Brands' bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country's second largest city - Bulawayo - as it moves to drive its 450 000 loaves per day output...

By Staff reporter | Published: 26 July 2017
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FINANCIAL SERVICES

'Banks' performance satisfactory'

ECONOMIC commentators say the performance of the banking sector in the first quarter was satisfactory given the prevailing challenges the country is facing.The Reserve Bank of Zimbabwe, in its banking...

By Staff reporter | Published: 15 July 2014
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BUSINESS NEWS

Zimbabwe's SMP satisfactory, says IMF

ZIMBABWE is addressing the 2014 fiscal gap and implementing policy measures aimed at improving the quality of public expenditures and enhancing financial sector stability, the International Monetary F...

By Staff reporter | Published: 10 July 2014
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INDUSTRIALS & ENERGY

$23m blanket factory for Beitbridge

Rouqui Investments, a company with diverse business interests is at an advanced stage of building a blanket factory in Beitbridge at a cost of $23 million, Roy Muleya, a director of the company said i...

By Staff reporter | Published: 29 January 2014
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CONSTRUCTION & PROPERTY

Willdale plans to lease out Tenerife factory

ZSE-listed brick maker Willdale is reportedly contemplating leasing out its Tenerife factory to an unnamed Chinese firm in a development will see the firm virtually surrender production at the Mount H...

By Business Reporter | Published: 13 November 2013
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LANDS & AGRICULTURE

Dairibord relocating equipment from its Bulawayo factory to other cities

ONE of the country's biggest manufacturer and marketer of food and beverage products Dairibord Holdings Limited is relocating equipment from its Bulawayo factory to other cities citing viability cha...

By Stff reporter | Published: 10 June 2013
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