Zimtile set to double output
ZIMTILE is set to double its production by early next year on the back of growing demand to export to neighbouring countries like Zambia and Mozambique. The company has already… Read more »
Category: Manufacturing
Zim’s leading brewer says new tax led to panic buying of beer
ZIMBABWE’S leading brewer has said the government dithering over a controversial tax on money transfers has led to panic buying of beer and a disruption in fuel supplies, overshadowing a… Read more »
Packaging materials price hike shocks millers
MILLERS will on Wednesday meet with packaging material manufacturers after the latter raised their prices by over 500%, sparking fears of another round of increases for flour, mealie-meal and bread…. Read more »
Zamco absorbs $200m bad debt
THE Zimbabwe Asset Management Company (Zamco) has resolved nearly 20 percent of the $1,1 billion Non-Performing Loans that the asset management company took over from the banking sector. In 2014,… Read more »
Cooking Oil Manufacturer Threatens To Blacklist Supermarkets Withholding Product
United Refineries Limited, the manufacturers of Roil Cooking Oil is planning to blacklist all retailers who are withholding the cooking oil from customers. Chief Executive Officer at United Refineries Limited… Read more »
Innscor invests $36m in light manufacturing projects
Industrial conglomerate Innscor Africa Holdings Group says it has invested at least $36 million in capital expenditure to expand its light manufacturing portfolio. According to CEO Julian Schonken the investment… Read more »
ED commissions dairy plant
President Mnangagwa yesterday commissioned Innscor Africa Holdings’ Prodairy Milk Processing Plant in Ruwa. The Prodairy factory becomes Zimbabwe’s third UHT Processing Plant after Dairibord and Dendairy. President Mnangagwa said investment… Read more »
Latest Bread Price Increase Unjustified, Flour Price Has Not Increased- Millers
In a statement yesterday, Grain Millers Association of Zimbabwe (GMAZ) chairman, Mr Tafadzwa Musarara has said bakers’ decision to increase the price of bread from $1.10 to $2.20 is unjustified… Read more »
Seed Co promotion delivers weighty results
Listed seed processor, Seed Co’s Eleven Tonne Plus Club Promotion, is delivering significant results, with maize farmers under the promotion achieving significant yields. The Eleven Tonne Plus Club Promotion is… Read more »
Merlin squabbles stall progress
SQUABBLES between shareholders and judicial manager of struggling Bulawayo textile manufacturer, Merlin, are stalling the disbursement of a $5 million recapitalisation facility secured from the Zimbabwe Asset Management Corporation (Zamco),… Read more »