Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

By Staff reporter | Published: 02 June 2022

FINANCIAL SERVICES

Zimbabwe's interbank market needs refinement

Local Industries claim they are yet to realise the benefits of the recently introduced interbank foreign currency market, as they continue to struggle accessing hard currency. The interbank market was...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

Kamativi starts work on refinery plant

Kamativi Tailings Company says it will commence civil works at its plant site in Matabeleland North after the company concluded a $9,5 million offtake arrangement with a Swiss-based commodity trader, ...

By Staff reporter | Published: 30 January 2019

INDUSTRIALS & ENERGY

United Refineries gets export permit

ONE of the country's leading cooking oil and soap manufacturers, United Refineries Limited (URL) will resume cooking oil exports to Namibia soon as it forges ahead to grow its foreign currency coffers...

By Staff reporter | Published: 30 December 2018

BUSINESS NEWS

Zimbabwe looking at introducing local crude oil refinery

Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe's fuel co...

By Staff reporter | Published: 23 December 2018

INDUSTRIALS & ENERGY

United Refineries gets ready for listing status

DIVERSIFED agro-processor United Refineries Limited (URL) is repositioning itself in the market on the back of growing business as it moves towards initial public offering grade."The latest thinking i...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

United Refineries Limited adopts food fortification

GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Food forti...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

MPs shoot down plan to revive Empress refinery

PARLIAMENT has recommended that it would be cheaper to build a new lithium processing plant in Zimbabwe than refurbishing an existing refinery in Kadoma.This follows an offer by a local firm to reconf...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

United Refineries to introduce three new products

ONE of the country's leading personal care and value-added agro-products manufacturers, United Refineries Limited (URL) will introduce three new products in the next months.URL chief executive officer...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

United Refineries adds vegetable juice to range

BULAWAYO giant cooking oil manufacturer, United Refineries Limited (URL), has added vegetable juice manufacturing to its wider product mix as it diversifies operations.The agro-processing firm is reno...

By Staff reporter | Published: 15 March 2018

INDUSTRIALS & ENERGY

United Refineries eyes regional markets

UNITED Refineries Limited (URL) has expanded its range as a food and grocery products manufacturer, focusing on servicing local, regional as well as international markets, an official has said.URL chi...

By Staff reporter | Published: 02 October 2017

MINING & RETAIL

Refinery project still a priority in Zim, says Zimplats

Platinum mining giant, Zimplats' $134 million SMC Base Metal Refinery (BMR) refurbishments project remains a priority for the group but continued cash flow constrains arising from depressed metal pric...

By Staff reporter | Published: 18 September 2017

MINING & RETAIL

No site yet to Aussie-Zimbabwe platinum refinery

GOVERNMENT is yet to locate a site for the construction of a $300 million platinum refinery, set to be established under a joint venture arrangement between an Australian partner and the Zimbabwe Mini...

By Staff reporter | Published: 07 September 2017

INDUSTRIALS & ENERGY

United Refineries to increase oil production

UNITED Refineries Ltd, a Bulawayo-based agro processor is set to raise cooking oil output due to improved availability of cotton seed while it intends to resume stock feed production.Managing director...

By Staff reporter | Published: 21 July 2014

INDUSTRIALS & ENERGY

Govt keen on Feruka oil Refinery

Government is keen on resuscitating the Feruka Oil Refinery in the Eastern border city of Mutare, but is incapacitated by the lack of financial resources to undertake the project, Energy and Power Dev...

By Staff reporter | Published: 09 July 2014

MINING & RETAIL

Zimplats to refurbish base metals refinery

Zimplats will start refurbishing its base metals refinery at a cost of $100 million in July after completing a preliminary plant assessment.Addressing delegates during a tour of Zimplats' operations o...

By Staff reporter | Published: 02 June 2014

MINING & RETAIL

Zimplats to process matte at Selous metal refinery

ZIMPLATS could soon begin partially processing its matte at the Selous-based base metal refinery once refurbishment is completed.Impala Platinum, which owns 87 percent shareholding in the country's la...

By BH24 | Published: 26 May 2014

MINING & RETAIL

Zimbabwe considers Implats refinery proposal

Zimbabwe is considering a platinum refinery construction proposal by South Africa-based Impala Platinum Holdings (Implats), businessdaily has learnt.Mines minister Walter Chidhakwa yesterday said he m...

By Staff reporter | Published: 25 March 2014

INDUSTRIALS & ENERGY

Grindrod acquires 51% stake in United Refineries

GRINDROD Trading has acquired a 51 percent stake in Bulawayo-based fast moving consumer goods manufacturer United Refineries Ltd, managing director Mr Busisa Moyo said. "We have just concluded the tra...

By Staff reporter | Published: 04 March 2014

MINING & RETAIL

Zim shortlists two firms for platinum refinery

Government will soon announce the winning bidder for the establishment of a platinum refinery in the country, Mines and Mining Development Minister Walter Chidhakwa has said. The plant will see ...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Zim shortlists two for platinum refinery

The Zimbabwean government says it has shortlisted two companies for the establishment of a platinum refinery in the country. According to a report by local news agency, the two companies were sho...

By Staff reporter | Published: 14 February 2014

MINING & RETAIL

Mwana Africa plans to refine platinum in Zim

Mwana Africa Plc, a producer of nickel, gold and diamonds, plans to reopen a smelter in northeastern Zimbabwe to refine platinum-group metals in a move that could ease pressure to build a new refiner...

By Bloomberg | Published: 14 February 2014

FINANCIAL SERVICES

Chinamasa tours Fidelity Printers and Refineries

Finance and Economic Development Minister Patrick Chinamasa, his deputy Dr S Undenge and the Acting RBZ Governor DR CL Dhliwayo today 11 February toured Fidelity Printers and refineries, the largest s...

By Staff reporter | Published: 11 February 2014

INDUSTRIALS & ENERGY

Star Africa to resume sugar refinery operations

SUGAR processor Starafrica corporation says it will resume sugar refining operations in Harare in May this year after the commissioning of its Gold Star Sugar Harare plant.In a statement, the firm sai...

By Staff reporter | Published: 23 January 2014

MINING & RETAIL

Mines submit plans for Zim refinery

Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery in the country by the end of 2016, state media reported on Sunday.President Robert ...

By Reuters | Published: 20 January 2014
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