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Fuel costs in Zimbabwe are still much higher than anywhere else in the region even after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut, economic experts have said.
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The Confederation of Zimbabwe Industries (CZI) is pleading with the Zimbabwe Energy Regulatory Authority (Zera) to slash power tariffs in order to ensure viability of its members’ businesses.
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Most businesses that produce or import basic products are struggling to obtain foreign currency under the Reserve Bank of Zimbabwe priority list, forcing importers to resort to parallel markets, where they get it at steep premiums, now…
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The Confederation of Zimbabwe Industries (CZI) has proposed radical measures to mop up excess liquidity on the electronic Real Time Gross Settlement (RTGS) platform, while calling for more bond notes to restore transactional convenience for…
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Timber firms in Manicaland are hoping that President Emmerson Mnangagwa’s government will finally act on invasions on the timber plantations by illegal settlers who were an untouchable lot during the tenure of former president Robert…
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The sourcing of foreign currency from the parallel market is not sustainable for industry operations and Government needs to capacitate the Reserve Bank of Zimbabwe (RBZ) to meet funding requirements for key raw material imports, an…
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ONSDALE Enterprises, one of the country’s major sanitary wear manufacturers is on the verge of shutting down ― and sending 140 workers home ― due to the shortage of foreign currency to import raw materials, a company executive has said.
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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.
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The worsening liquidity crisis is costing the formal sector at least US$40 million on a monthly basis, which means that a cumulative US$500 million would have been lost by the end of the year, as employees spend long working hours queuing…
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By Shame Makoshori An implosion is simmering in a number of critical industries on the back of a worsening payments gridlock in the financial services sector with imported raw materials running out at some plants around the country,…
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