The Confederation of Zimbabwe Industries (CZI) has called the government to offer tax breaks on importation of capital equipment, to enable local industry to retool.
Manicaland Provincial Affairs Minister and the G40 faction of the Zimbabwe African National Union-Patriotic Front were dealt a severe blow when the High Court confirmed Christopher Mutsvangwa as the legitimate leader of the Zimbabwe National Liberation War Veterans Association.
Stanbic Bank today revised downwards its monthly limits for foreign transactions to $100 effective October 31, 2017 as foreign currency shortages persist.
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.
The ruling ZANU-PF party wants to spend $8 million on a special congress meant to endorse President Mugabe as its leader and candidate for the elections expected in 2018.
About 38 of Zimbabwe’s state-owned enterprises and parastatals ran cumulative losses of $270 million last year alone, an official said today, indicating weak corporate governance and a deep-seated rot in public enterprises.
Capacity utilisation in Zimbabwe’s manufacturing sector declined from 47.4 percent last year to 45.1 percent in 2017, a survey by the Confederation of Zimbabwe Industries (CZI) has shown.