IDC to raise funds for Chemplex
The Industrial Development Corporation of Zimbabwe has adopted a two-pronged investment approach for Chemplex Corporation in its quest to restructure its operations into a viable entity.
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The Industrial Development Corporation of Zimbabwe has adopted a two-pronged investment approach for Chemplex Corporation in its quest to restructure its operations into a viable entity.
Finance minister Patrick is sticking his guns to reducing government expenditure and streamlining under-performing parastatals after he refused to write-off the Industrial Development Corporation (IDC)’s $83 million debt.
Mining and industrial chemicals manufacturing firm, Zimbabwe Phosphate Industries (ZimPhos) risks having its water supplies cut off by the Harare City Council (HCC) over an outstanding water bill dating back four years ago.
With the economic crisis showing no signs of abating, more and more companies are twisting in the wind, making it doubly difficult for the ruling ZANU-PF party to achieve its 2013 election promises. There are projections that the second half of the year would be difficult for industry, overwhelmed by severe economic pressures. The biggest […]
Over 200 families have been left homeless after police acting on the instructions of a Zanu PF controlled company razed homes to the ground in the poor suburb of Epworth in Harare. The pouring rains made their plight even worse.