THOUSANDS of commuters in Bulawayo yesterday woke up to steep kombi fare increases, at a time that they are also experiencing travelling chaos due to the intensifying shortage of diesel in the country’s second largest city. [GoogleAd] This comes as the Reserve Bank of Zimbabwe (RBZ) yesterday said it had released US$50 million to major…
WHEN President Emmerson Mnangagwa made overtures for ‘national dialogue’ to his political rivals in the 2018 harmonised elections, it was understandably viewed as some sort of political grandstanding. [GoogleAd] Not least because the mainstream MDC-Alliance opposition, has not participated in the same while holding out for its own terms to be accepted. Even though of…
SINCE the start of this month, Zimbabweans have had to endure a lot of load-shedding both at the industrial and residential front. At times businesses and homes are going for over 12 hours without electricity as power generation continues to dwindle due to a number of factors. First of all, Zimbabwe gets its electricity from…
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya is expecting the fuel situation to have vastly improved by end of this week after the apex bank released Letters of Credit (LCs) worth US$50 million to all the major petroleum companies operating in the country. [GoogleAd] Fuel queues had completely disappeared during the long Independence and…
CABLE manufacturer Cafca says it has commenced buying scrap copper from merchants. In a notice, Cafca said the scrap copper must first cleared by the police in line with the Copper Act. “Please be advised that Cafca Ltd will purchase copper of a purity of 99,99 percent by immediate RTGS payment at a price of…
TOBACCO farmers have been urged to abide by the law and destroy tobacco stalks by May 15 before the first sowing date of June 1. Destruction of stalks helps reduce carryover diseases and pests and is effective immediately after the final harvest. [GoogleAd] In a statement, the Tobacco Industry and Marketing Board (TIMB) together with…
COCA-COLA has appointed Phillipine Mtikitiki as general manager for the East and Central Africa Franchise effective June 1, 2019. The global beverages maker said Mtikitiki will be responsible for developing and managing the business strategy. [GoogleAd] The fast-moving consumer goods (FMCG) professional brings a wealth of experience in operations, marketing, planning and commercial strategy to…
THE Zimbabwe Power Company (ZPC) says it will soon reduce power generation at Kariba South by 34 percent to 358 megawatts (MW) after the Zambezi River Authority (ZRA) cut the water allocation for electricity generation at the plant. [GoogleAd] The power utility had earlier indicated it had cut power generation at Kariba to 445MW. This comes…
ASSOCIATED Foods of Zimbabwe (Associated Foods) has entered the canned beans market after investing about US$1, 5 million in a modern production plant to produce Mama’s Baked Beans. [GoogleAd] The company, which specialises in the processing, packaging and distribution of a variety of leading food products including natural fruit jams and marmalades and peanut butter,…
GOVERNMENT has started looking for potential suitors to invest in two of the Industrial Development Corporation of Zimbabwe (IDCZ)’s subsidiaries. IDC, along with the State Enterprises Restructuring Agency (Sera) have invited strategic partners to invest in Willowvale Motor Industries (Private) Limited (WMI) and Deven Engineering (Private) Limited. [GoogleAd] In the case of WMI, a request…
