BUSINESS NEWS

Zida warns US$43,12m at stake in haulage, logistics industry

The Zimbabwe Investment and Development Agency (Zida) has raised alarm over the potential loss of US$43.12 million in foreign investment in the haulage and logistics sector, following the implementati...

By Staff reporter | Published: 10 July 2025

BUSINESS NEWS

Pharmaceutical industry grapples with border smuggling

Zimbabwe's pharmaceutical industry is battling a cocktail of systemic challenges that are stifling growth and jeopardising public health, sector leaders have warned.At the third annual Community Pharm...

By Staff reporter | Published: 07 July 2025

BUSINESS NEWS

Zim industry leaders call for Unified Taxation System

Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...

By Staff reporter | Published: 01 July 2025

BUSINESS NEWS

Zimbabwe gazettes new capital requirements for insurance industry

The Zimbabwean government has gazetted new minimum capital requirements in United States Dollars for players in the insurance sector, a move aimed at strengthening the financial soundness and operatio...

By Staff reporter | Published: 24 June 2025

TRANSPORT & TOURISM

France's Accor enters Zimbabwe's hospitality industry

FRENCH multinational hospitality company, Accor SA, has entered the local market after signing Notovel Victoria Falls Hotel, a landmark project in the resort city.Accor is considered the largest hospi...

By Staff reporter | Published: 24 June 2025

AFRICA BUSINESS

SADC pushes for education reform to spur industry

Ministers from southern Africa have called for sweeping reforms to education systems across the region, citing the urgent need to align learning with industrialisation, regional integration and socio-...

By Staff reporter | Published: 24 June 2025

MINING & RETAIL

Zimbabwe mining industry to grow by 7% in 2025

Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ).Latest...

By Staff reporter | Published: 18 May 2025

INDUSTRIALS & ENERGY

Zimbabwean industry told to stop importing steel

Dinson Iron and Steel Company (DISCO) Chief Executive Officer, Takana Xu, has called on Zimbabwean industries to stop importing steel and instead support local production, saying the country is now ca...

By Staff reporter | Published: 10 May 2025

TRADE & INDUSTRY

Zimbabwe's steel industry set for a significant revival

Zimbabwe's steel industry is set for a significant revival as the Zimbabwe Iron and Steel Company (Zisco) collaborates with Dinson Iron & Steel Company to drive growth and development in the secto...

By Staff reporter | Published: 10 May 2025

MINING & RETAIL

Zimbabwe's mining industry sees significant progress

The Government of Zimbabwe has announced significant progress in the development of its Mineral Development Policy and the rollout of a new Online Permit System, as part of its ongoing efforts to mode...

By Staff reporter | Published: 01 May 2025

EDUCATION

Chiwenga urges industry to partner universities

Vice-President Constantino Chiwenga yesterday called on Zimbabwe's industry and commerce sectors to strengthen their collaboration with universities and research institutions to drive innovation and f...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

Pensions industry's financial position strengthens in 2024

THE pensions industry's total asset valuation rose by 13,3% to US$2,26 billion last year, driven by revaluation gains, new investments and fair value gains on investments, a new report has shown.The g...

By Staff reporter | Published: 14 April 2025

ZIMBABWE

Inflationary pressures choke Zimbabwe industry

A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...

By Staff reporter | Published: 02 June 2022

INDUSTRIALS & ENERGY

Cooking oil industry engages RBZ

The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up...

By Staff reporter | Published: 02 June 2022

TELECOMS & TECHNOLOGY

Zimbabwe telecoms industry courts Indian investors

Zimbabwe's telecommunications industry is on the verge of obtaining tangible investments from India following a platform the industry had to outline possible lucrative opportunities for business ventu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zimbabwe industry capacity utilisation to drop to 30%

MANUFACTURING sector capacity utilisation is projected to drop to about 30 percent this year from 48 percent in 2018 due to negative macro-economic factors that hit Zimbabwe since January, the Confede...

By Staff reporter | Published: 07 October 2019

MINING & RETAIL

Zimbabwe mining industry lags behind in technolo

YOUNG Miners Foundation (YMF) chief executive Payne Kupfukwa has lamented that the local mining industry was lagging behind in terms of technology, with firms using archaic and inefficient equipment.K...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Buy Zimbabwe pushes for law to support local industry

BUY Zimbabwe founder and director Munyaradzi Hwengwere has said his organisation is pushing for legislation to force local public institutions to buy locally and support local industries. This comes a...

By Staff reporter | Published: 11 July 2019

MINING & RETAIL

Zimbabwe mining industry set to generate US$3bn

Zimbabwe's mining industry expects to generate US$3 billion in revenue this year, which is short of government's US$4 billion target, an industry official has said.In 2018, the sector earned US$3,4 bi...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Zimbabwe industry feels the heat as sales drop

Prices of goods and services may have reached the plateau, amid indications volumes have started dipping significantly as consumers struggle with affordability, captains of industry and economic analy...

By Staff reporter | Published: 14 June 2019

INDUSTRIALS & ENERGY

Toyota working towards driving Zimbabwe Motor industry

TOYOTA Zimbabwe is working on expanding its business in the country in anticipation of a boom in the motor industry buoyed by the Government's efforts to revive the country's economy.In an interview w...

By Staff reporter | Published: 09 June 2019

BUSINESS NEWS

Govt 300% fee hike irks industry

The government would to increase statutory fees for the mining sector by almost 300% in a move that has raised the ire of mining representative bodies.Application fees for platinum and chrome (ordinar...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Industry embraces Cabinet’s forex decision

INDUSTRIALISTS have embraced Cabinet's decision to craft measures that would see manufacturers being allocated foreign currency to procure key raw materials to reduce the cost of production and conseq...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Chamisa brags about the Zuva case which triggered a bloodbath in industry

OPPOSITION MDC leader Nelson Chamisa has at last been forced to respond to accusations he was anti-labour after his role in the infamous Zuva case in 2015 that triggered thousands of job losses.Chamis...

By Staff reporter | Published: 02 May 2019

LANDS & AGRICULTURE

Cotton industry targets $1 billion earnings annually

THE Cotton Company of Zimbabwe (Cottco) plans to put a minimum of 100 000 hectares across the country under commercial cotton farming with the sector poised to generate a minimum of US$1 billion annua...

By Staff reporter | Published: 30 April 2019
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