The government has given the Industrial Development Corporation of Zimbabwe (IDCZ) $30m to kick-start its role as a development financing institution and help local manufacturers, Finance Minister Mth...
By Staff reporter | Published: 26 April 2019
THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...
By Staff reporter | Published: 04 February 2019
The Industrial Development Corporation of Zimbabwe (IDC) will seek shareholder approval to dispose of its entire equity stake in its subsidiary, Zimbabwe Grain Bag (ZGB).IDC is currently undertaking a...
By Staff reporter | Published: 14 September 2018
THE Industrial Development Corporation of Zimbabwe Limited (IDCZ) has finalised the appointment of a financial advisor to handle the dilution of its shareholding in chemicals and fertilisers subsidiar...
By Staff reporter | Published: 22 June 2018
THE Industrial Development Corporation of Zimbabwe (IDC) is in talks with prospective investors who have expressed interest to invest and take up part of or all of its shareholding in its subsidiaries...
By Staff reporter | Published: 18 June 2018
The Industrial Development Corporation (IDC) has sold its 15 percent stake in Scaw Metals Group's Grinding Media, South Africa, to a United States of America firm, Magotteaux International as it seeks...
By Staff reporter | Published: 06 April 2018
The Industrial Development Corporation of Zimbabwe (IDCZ) has been trying to sell off some of its companies but with no takers as investors find them more of a liability than an investment, a senior o...
By Staff reporter | Published: 01 February 2018
The Industrial Development Corporation of Zimbabwe is looking for partners for its subsidiary, Chemplex Corporation Limited, which is into manufacturing and mining.In an invitation for an expression o...
By Staff reporter | Published: 30 January 2018
Government has turned down a request from the Industrial Development Corporation (IDC) for direct budgetary allocation to clear off its debts.IDC, which has been granted the greenlight to become an in...
By Staff reporter | Published: 15 December 2017
ONE of the major creditors to Gweru-based glassmaker, Zimbabwe Glass Industries (Zimglass), has turned down a proposed offer to take over the company.Zimglass, a subsidiary of Industrial Development C...
By Staff reporter | Published: 15 October 2017
Local bus manufacturing and assembling firm, Deven Engineering, has seen production severely hit as the company struggles to import critical materials owing to foreign currency challenges. The situati...
By Staff reporter | Published: 29 September 2017
INDUSTRIAL Development Corporation's glass manufacturing firm, Zimglass has started aggressively looking for an investor who can inject $7 million towards the revival of the plant after earlier indica...
By Staff reporter | Published: 18 September 2017
LONG serving Industrial Development Corporation of Zimbabwe Limited general manager Mr Michael Ndudzo, has left the institution after 26 years of service.IDC board chairman Mr Herbert Nkala said Mr Nd...
By Staff reporter | Published: 18 September 2017
THE Industrial Development Corporation (IDC) has relinquished its stake in troubled fast moving consumer goods manufacturer, Olivine Industries, to the Ministry of Finance and Economic Development.Th...
By Staff reporter | Published: 24 August 2017
The Industrial Development Corporation of Zimbabwe is looking at raising $100 million seed capital to kick-start its development financing operations.IDC is currently in advanced talks with the Indust...
By Staff reporter | Published: 17 August 2017
CABINET has approved proposals by the Ministry of Industry and Commerce for the Industrial Development Corporation to become an industrial financing entity.The move is part of ongoing measures by Gove...
By Staff reporter | Published: 04 August 2017
The Industrial Development Corporation is set to relinquish its holding of several companies following its complete overhaul.Minister of Industry and Commerce Mike Bimha told the Parliamentary Portfol...
By Staff reporter | Published: 02 July 2014
NEGOTIATIONS between the Industrial Development Corporation of Zimbabwe (IDCZ) and South Africa's largest development finance institution, IDC, for a $10 million bailout have collapsed, a senior execu...
By Staff reporter | Published: 08 May 2014
Industrial Development Corporation of Zimbabwe (IDCZ) has put its subsidiary Amtec Private Limited, up for sale.The Board of Motec Holdings, a subsidiary of IDC yesterday invited potential local and f...
By Staff reporter | Published: 06 May 2014
Motec Holdings, has its subsidiary, Deven Engineering, up for sale as it seeks to mobilise capital to enable its parent company, the Industrial Development Corporation (IDC), to effectively execute it...
By New Ziana | Published: 28 April 2014
THE Industrial Development Corporation of Zimbabwe (IDC), a commercial arm of government, has failed to repay CBZ Holdings Limited, through which it raised $13,5 million in diaspora bonds two years ag...
By Staff reporter | Published: 25 April 2014
LACK of interest from investors has forced the Industrial Development Corporation to put on hold its gold processing project.The project requires $233 million capital injection.IDC has been seeking te...
By Tinashe Makichi | Published: 22 April 2014
THE Industrial Development Corporation has shortlisted a South African company to buy its 49 percent stake in struggling Zimbabwe Grain Bag.IDC has been seeking an investor to take over its stake in t...
By CAJ News. | Published: 17 April 2014
THE Industrial Development Corporation is scouting for a partner to either mine or process lithium ore into other value-added products such as batteries.The project feeds into the worldwide increase i...
By Staff reporter | Published: 26 March 2014
The Industrial Development Corporation of Zimbabwe has plans to float a bond on the Econet Wireless platform as a way of raising money from the public. Speaking before the Parliamentary portfolio Comm...
By Staff reporter | Published: 30 January 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
