Bleak future for fabric, garment industry

The country’s fabric and garment industry faces a bleak future that might see thousands of workers losing jobs as well as traders closing shop. The country’s fabric and garment industry is in the intensive care unit following revelations that two local authorised suppliers of fabric and garment can only supply …

Read More »

Govt committed to empowering youths

More than 300 students have received various certificates from different technical courses in Harare South a move set by the government to equip youths with knowledge on starting their own businesses. The government said it is committed to empowering youth through training in technical courses to improve the SMEs sector …

Read More »

Economy takes centre stage ahead of polls

The message from Zimbabwe’s political protagonists in the ongoing election campaign has one common denominator: the economy. BY NDAMU SANDU From spaghetti roads to $16 billion foreign direct investment (FDI) in eight months, the economy has been at the top of the agenda, thanks to years of economic mismanagement by …

Read More »

Zimbabwe seeks equity investments

GOVERNMENT is targeting between $4 billion and $5 billion in equity investment annually as it seeks to grow the economy in the absence of loans due to the debt overhang. BY TATIRA ZWINOIRA Zimbabwe is struggling to service over $10 billion of debts to multilateral and bilateral creditors, a situation …

Read More »

Schweppes underfire for making changes to Mazoe brands

SCHWEPPES Zimbabwe has come under fire for changing the ingredient formulation on the Mazoe syrups and Mazoe Orange Crush without informing consumers.BY MTHANDAZO NYONIAngry consumers have gone on social media platforms fuming and threatening to boycott the products forthwith. The company recently changed its ingredient formulation on the two Mazoe …

Read More »

Untapped potential in the private health sector (1)

Tourism remains low hanging fruit in Zimbabwe. It is low hanging and within arm’s reach because we have abundant, unique and picturesque monuments, captivating flora and fauna, traveller products that are attractive for the both the local and world market and that we are currently receiving foreign currency from. But …

Read More »

Coffee production plummets

ZIMBABWE’s coffee production has declined by 16% to 430 tonnes in the 2017/18 season mainly due to price volatility and high costs of production, an official has said. By FREEMAN MAKOPA In the previous season, production was 510 tonnes. Department of Research and Specialist Services principal research economist, Freeman Gutsa …

Read More »

IDCZ courts prospective suitors

THE Industrial Development Corporation of Zimbabwe (IDCZ) is in talks with prospective investors who have expressed interest to invest and take up part of or all of its shareholding in its subsidiaries, an official has said. BY FREEMAN MAKOPA “Five companies — Deven Engineering, Allied Insurance, Zimbabwe Grain Bag, Chemplex …

Read More »

AAC purchase to spur Alexander Forbes

ALEXANDER Forbes Group Holdings Limited chief executive officer Andrew Darfoor says acquiring African Actuarial Consultants (AAC) will grow his company into a regional powerhouse in actuarial consultancy in the region. BY TATIRA ZWINOIRA “We have taken a significant share in the business (AAC) and the emphasis is that we want …

Read More »

Agoa shreds Archer’s US dream

BULAWAYO textile giant, Archer Clothing Manufacturers’ efforts to push for more exports into the United States (US) were hampered by Zimbabwe’s ineligibility under the African Growth and Opportunities Act (Agoa), an official has said. BY MTHANDAZO NYONI Agoa was signed into law in 2000 to offer tangible incentives for African …

Read More »