HARARE, January 23 (The Source) – The Zimbabwe government has ordered fuel dealers to reduce prices immediately by between 7 and 14 percent, less than 24 hours after cutting excise duty on fuel imports in a move aimed at lowering production costs.
HARARE, October 26 (The Source) – The number of female headed companies in Zimbabwe’s manufacturing sector has risen by 8 percent, a survey by the Confederation of Zimbabwe Industries (CZI) has shown.
BULAWAYO, September 12 (The Source) – The Grain Millers Association of Zimbabwe (GMAZ), which represents the country’s major milling companies, is struggling to pay off $88 million in outstanding invoices for wheat and maize imports since August last year. In its sector update, the Confederation… Read More
HARARE, June 28 (The Source) – Zimbabwean businesses should take advantage of the country’s trade agreements with the Common Market for Eastern and Southern Africa (Comesa) to narrow a growing trade gap, an industry official has said.
HARARE, November 23 (The Source) – Zimbabwe’s industrial capacity utilisation rose to 47.4 percent in 2016, up from 34.3 percent last year, mainly driven by an import ban imposed by the government earlier in the year, a Confederation of Zimbabwe Industries (CZI) survey has found.… Read More
HARARE, November 18 (The Source) – An overwhelming majority of Zimbabwe’s businesses perceive the police, state procurement board and tax collector to be the country’s most corrupt government agencies, according to a survey conducted by three industry bodies. A recent Transparency International report estimated that… Read More
BULAWAYO, August 26 (The Source) — Central bank governor John Mangudya believes export incentives in the form of bond notes and a ban on imports will help revitalise the manufacturing industry. “I am very positive about the economy. Some companies have started exporting their products… Read More
BULAWAYO, August 18 (The Source) — Zimbabwe’s manufacturing capacity utilization – a measure of industry’s use of installed productive potential – is seen flat at 34,4 percent, attributed to capital constraints and antiquated machinery, the Confederation of Zimbabwe Industries (CZI) has said. Last year, capacity… Read More
BULAWAYO, June 29 (The Source)—The Confederation of Zimbabwe Industries (CZI) has called on the government to separate politics from business to allow for economic growth and national development. Speaking at a press conference in Bulawayo on Wednesday, CZI president Busisa Moyo said industry was very… Read More
HARARE, May 5 (The Source) – The Confederation of Zimbabwe Industries (CZI) has urged Zimbabweans to embrace the proposed bond notes, saying they will boost internal trade and ease the cash crunch threatening Zimbabwe’s already lethargic economy. The planned bond notes are backed by a new… Read More
HARARE, April 13 (The Source) – The Confederation of Zimbabwe Industries (CZI) has welcomed President Robert Mugabe’s move to lower thresholds on the indigenisation policy, saying it “brings sobriety and a pragmatic tone to implementation” but some analysts feel the amendments do not go far… Read More
HARARE, March 17 (The Source) – The Confederation of Zimbabwe Industries (CZI) on Thursday said it has identified 18 “sustainable value chains” in different sectors of the economy that should be targeted as for investment as part of the private sector’s efforts to drive industrialisation.… Read More
BULAWAYO, Nov 18 (The Source) — Government has failed to stem the tide of imports despite a raft of measures to restrict the flow of foreign goods, leaving local industry on the brink, the Confederation of Zimbabwe Industries (CZI) has said. In July’s Mid-Term Fiscal… Read More
BULAWAYO, November 12 (The Source) — The Confederation of Zimbabwe Industries (CZI) says it is concerned with the number of foreign business delegation who are coming into the country to “spy” without putting forward investment plans. CZI president Busisa Moyo told captains of industry at… Read More
HARARE, October 19 (The Source) – Zimbabwe reduced its trade deficit with South Africa in the nine months to September 30 by 34 percent to $417 million compared to $681 million last year, latest figures from the Zimbabwe statistical agency have shown. Imports from South Africa… Read More