LEADING textile firm, Paramount Garments' exports have dropped by 14 percent while prospects of growing its Bulawayo clothing manufacturing unit, Archer Clothing Manufacturers are in limbo due to adve...
By Staff reporter | Published: 06 October 2019
COAL miner Makomo Resources is only getting about 50% of its foreign currency requirements for the importation of critical inputs like spares, a situation that has crippled its production, an official...
By Staff reporter | Published: 28 September 2019
A bread shortage is looming after local millers ran out of wheat due to foreign currency shortages to import the cereal. The country has been facing challenges in wheat availability of late in spite o...
By Staff reporter | Published: 13 June 2019
Delta Corporation has invested close to US$4m in its barley contract-farming scheme, targeting a yield of 35,000 metric tonnes this year and with an objective of earning foreign currency from malt exp...
By Staff reporter | Published: 03 May 2019
Zimbabwe will experience serious cooking oil shortages in the coming weeks as foreign currency shortages have affected the importation of crude oil, leaving oil expresses producing a fifth of the 9 mi...
By Staff reporter | Published: 25 April 2019
Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...
By Staff reporter | Published: 03 February 2019
Unscrupulous fuel attendants and dealers have compounded a critical fuel supply situation that was caused by limited foreign currency reserves in the first place, investigations show. Fuel dealers and...
By Staff reporter | Published: 31 December 2018
Harare residents should brace for a dry festive season or rely on rain water, as council has run out of water purification chemicals.Mayor Herbert Gomba yesterday gave a grim picture of water supply i...
By Staff reporter | Published: 19 December 2018
Diversified Industrial group, Innscor Africa Limited says gross profit margins during the first quarter of the 2019 financial year remained under pressure due to foreign currency and inflationary pres...
By Staff reporter | Published: 06 December 2018
The Zimbabwe Energy Regulatory Authority (ZERA) says the obtaining foreign currency challenges are to blame for the shortages in liquefied petroleum gas (LPG) at a time its consumption is on the incre...
By Staff reporter | Published: 30 November 2018
Bread supplies have declined drastically giving rise to shortages as bakers grapple with bottlenecks in the availability of flour. A survey showed that some retail outlets were running out of bread, a...
By Staff reporter | Published: 13 September 2018
THE Zimbabwe National Liberation War Veterans' Association (ZNLWVA) has blamed the opposition for conniving with their "imperialist handlers" to cause the worsening economic situation in the country, ...
By Staff reporter | Published: 06 September 2018
ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...
By Staff reporter | Published: 27 July 2018
ONE of Bulawayo's clothing factories, Femina Garments, is operating at 30 percent capacity utilisation due to persistent foreign currency challenges, blamed for frustrating operations.The company's ma...
By Staff reporter | Published: 26 July 2018
Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...
By Staff reporter | Published: 13 July 2018
Zimbabwe's currency reforms will include measures to bring harmony between money in banks or Rapid Transfer Gross Settlement (RTGS) balances and foreign currency resources on the market, Reserve Bank ...
By Staff reporter | Published: 01 July 2018
The leader of Zimbabwe main opposition party, Nelson Chamisa, alighted from his car, grabbed a microphone and made a bold promise to scrap bond notes if he wins the July 30 presidential election to st...
By Staff reporter | Published: 24 June 2018
Government will soon unveil systematic measures to comprehensively address cash shortages, while introduction of a local currency will remain a long-term objective, President Emmerson Mnangagwa has sa...
By Staff reporter | Published: 24 June 2018
Gweru City Council is operating with three functional fire tenders out of a possible six, a situation that compromises on effective mitigation against loss of human life and property, NewsDay has lear...
By Staff reporter | Published: 18 June 2018
Zimbabwe needs to fix its foreign exchange shortage if it is to attract more investment, RJ Corporation chairperson Ravi Jaipuria said.RJ Corporation owns Varun Beverages which in turn holds the Pepsi...
By Staff reporter | Published: 14 June 2018
THE Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter says foreign currency shortages facing the country continue to derail efforts to resuscitate industries in Bulawayo.Once the industr...
By Staff reporter | Published: 14 June 2018
GRAIN Millers Association of Zimbabwe (GMAZ) has warned that the country faces imminent bread shortages if millers do not get an urgent allocation of forex to import wheat, as there is only three week...
By Staff reporter | Published: 08 June 2018
President Mnangagwa says cash shortages are set to ease in the coming months on the back of increased investment inflows and targeted economic interventions. These include reforms in the mining secto...
By Staff reporter | Published: 04 June 2018
A Gweru-based firm, Linfield Farm, which is in the business of exporting peas and other horticultural products to Europe, is failing to expand its operations due to foreign currency shortages.The firm...
By Staff reporter | Published: 31 May 2018
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says fuel shortages are caused by structural challenges such as heavy reliance on imports, debt overhang, fuel price hikes and low production.T...
By Staff reporter | Published: 28 May 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
