LISTED beverages concern, Delta Corporation, has declared an interim $31,7 million total dividend for the quarter ended December 31, 2018. In a notice to shareholders, Delta Corporation company secretary Mr… Read more »
Kamativi Tailing Company (KTC) has secured funding for a dense medium separation plant after concluding a $9,5 million off take finance facility with a Swiss-based firm Transamine Trading SA, the… Read more »
Cooking oil manufacturers revealed that there is a critical shortage of raw materials. Oil Expressers Association of Zimbabwe (OEAZ) chairperson Busisa Moyo said that the situation was dire and needed… Read more »
Government says it allocated a cumulative US$1 billion, through the Reserve Bank of Zimbabwe (RBZ) towards supporting companies in the manufacturing sector between January and December 2018, representing a 2… Read more »
INDUSTRY and Commerce Deputy Minister Raj Modi has urged local breweries to maximise on exporting as local liquor products are being smuggled into neighbouring countries. He made the remarks during… Read more »
Top cooking oil, soap and margarine manufacturer, Olivine Industries, has shut down operations in Zimbabwe, citing a crippling $11 million debt. A large number of workers are expected to lose… Read more »
Even as the economic crisis worsened in December, Delta Corporation has said that it sold more Lager and Sorghum beers in the October to December period of 2018 than they… Read more »
HARARE: Global brewing giant Anheuser-Busch Inbev will invest more than $120 million of its dividends and fees trapped in Zimbabwe in the central bank’s savings bonds. The development was confirmed… Read more »
GOVERNMENT’S battle to provide lowly priced products to citizens could be futile as long as manufacturers continue to deliver goods to traders in the informal sector, particularly the tuck shops… Read more »
DELTA Corporation’s Fairbridge Chibuku Super plant in Bulawayo is operating at about 50 percent capacity utilisation from 92 percent in November last year largely due to foreign currency shortage. Briefing… Read more »
