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
LEADING textile firm, Paramount Garments' exports have dropped by 14 percent while prospects of growing its Bulawayo clothing manufacturing unit, Archer Clothing Manufacturers are in limbo due to adve...
By Staff reporter | Published: 06 October 2019
COAL miner Makomo Resources is only getting about 50% of its foreign currency requirements for the importation of critical inputs like spares, a situation that has crippled its production, an official...
By Staff reporter | Published: 28 September 2019
A bread shortage is looming after local millers ran out of wheat due to foreign currency shortages to import the cereal. The country has been facing challenges in wheat availability of late in spite o...
By Staff reporter | Published: 13 June 2019
Delta Corporation has invested close to US$4m in its barley contract-farming scheme, targeting a yield of 35,000 metric tonnes this year and with an objective of earning foreign currency from malt exp...
By Staff reporter | Published: 03 May 2019
Zimbabwe will experience serious cooking oil shortages in the coming weeks as foreign currency shortages have affected the importation of crude oil, leaving oil expresses producing a fifth of the 9 mi...
By Staff reporter | Published: 25 April 2019
Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...
By Staff reporter | Published: 03 February 2019
THE Zimbabwe Miners' Federation (ZMF) says the prevailing fuel shortage has significantly crippled small-scale mining operations as most of its members use diesel. Zimbabwe has been experiencing fuel ...
By Staff reporter | Published: 31 December 2018
Unscrupulous fuel attendants and dealers have compounded a critical fuel supply situation that was caused by limited foreign currency reserves in the first place, investigations show. Fuel dealers and...
By Staff reporter | Published: 31 December 2018
Harare residents should brace for a dry festive season or rely on rain water, as council has run out of water purification chemicals.Mayor Herbert Gomba yesterday gave a grim picture of water supply i...
By Staff reporter | Published: 19 December 2018
DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...
By Staff reporter | Published: 19 December 2018
Diversified Industrial group, Innscor Africa Limited says gross profit margins during the first quarter of the 2019 financial year remained under pressure due to foreign currency and inflationary pres...
By Staff reporter | Published: 06 December 2018
The Zimbabwe Energy Regulatory Authority (ZERA) says the obtaining foreign currency challenges are to blame for the shortages in liquefied petroleum gas (LPG) at a time its consumption is on the incre...
By Staff reporter | Published: 30 November 2018
REGISTRAR-GENERAL (RG) Clemence Masango yesterday said his department had a backlog of 170 000 passports, which has accumulated since May, and requires additional foreign currency to speed up the proc...
By Staff reporter | Published: 28 November 2018
The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...
By Staff reporter | Published: 20 November 2018
Bread supplies have declined drastically giving rise to shortages as bakers grapple with bottlenecks in the availability of flour. A survey showed that some retail outlets were running out of bread, a...
By Staff reporter | Published: 13 September 2018
Government has ruled out the possibility of bread shortage in the country as mechanisms have been put in place to import wheat in the short-term. Further, Government wants to boost wheat cropping to s...
By Staff reporter | Published: 12 September 2018
ZIMBABWE'S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel.The fuel shortage comes at a time the country is facing a wave of price increases, w...
By Staff reporter | Published: 06 September 2018
THE Zimbabwe National Liberation War Veterans' Association (ZNLWVA) has blamed the opposition for conniving with their "imperialist handlers" to cause the worsening economic situation in the country, ...
By Staff reporter | Published: 06 September 2018
ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...
By Staff reporter | Published: 27 July 2018
DIVERSIFIED agro-products manufacturer United Refineries Limited (URL) says it continues to operate at between 40 and 50 percent of capacity due to low production of soya beans in the country and the ...
By Staff reporter | Published: 26 July 2018
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
The Grain Millers Association of Zimbabwe (GMAZ) has allayed fears of flour shortages in the country and urged the public to desist from panic buying.The assurance follows panic buying of flour and re...
By Staff reporter | Published: 22 July 2018
Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...
By Staff reporter | Published: 13 July 2018
Zimbabwe has only 1 500 civil, mechanical, architectural and scientific engineers out of about 6 000 accredited professionals in the field. This emerged during the Zimbabwe Infrastructure Development ...
By Staff reporter | Published: 06 July 2018
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
