Zuma riots: Zimbabweans in panic buying in anticipation of shortages
Zimbabweans are panicking that the protests over the arrest of former South African President Jacob Zuma in South Africa may affect the supply of goods in the whole region.
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Zimbabweans are panicking that the protests over the arrest of former South African President Jacob Zuma in South Africa may affect the supply of goods in the whole region.
The Old Bartley Memorial Block (BMB) within the United Bulawayo Hospitals (UBH) — the only functional public Covid-19 centre for the southern region — has run out of oxygen as the number of deaths and new cases continue to shoot up in the country.
One of the country’s leading cooking oil and soap manufacturers, United Refineries Limited (URL) will resume cooking oil exports to Namibia soon as it forges ahead to grow its foreign currency coffers.
Government has been urged to blacklist companies engaging in corrupt activities as part of its drive to fight graft.
The Oil Expressers Association of Zimbabwe (OEAZ) is lobbying the Government to remove import duty on all raw materials so as to improve production and competitiveness of local producers.
Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy.
Government should start developing a clear monetary plan for the introduction of local currency at the appropriate time when necessary measures have been put in place, an official said yesterday.
The continued shortage of foreign currency is making it difficult for industries to import raw materials for use in their production processes, hampering the growth of manufacturing in Zimbabwe, experts from different sectors of the economy have said.
One of the country’s leading personal care and value added agro-products manufacturers, United Refineries Limited (URL) will introduce three new products in the next months.
Industry wants the power utility, the ZESA Holdings, to lower electricity tariffs to about six cents per kilowatt hour to be at par with power prices prevailing in the region.