Industrial Development Corporation

The decision by President Emmerson Mnangagwa to rename the Zimbabwe Sovereign Wealth Fund into Mutapa Investment Fund has been described as an astonishing creation of a launchpad for large scale looting of Zimbabwe’s natural resources and…
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By Lovemore Zigara The final liquidation of the country's sole flint glass manufacturer, Zimbabwe Glass Industries (Zimglass) has been completed after efforts to revamp the company failed. The move paves way for the disposal of the…
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By Ndakaziva Majaka HARARE - The Industry and Commerce ministry has been implicated in a $24 million scandal after it offered loans to struggling Ziscosteel (Zisco) and the Industrial Development Corporation (IDC) without following due…
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The cash-strapped government is pumping out huge sums of money to prop ailing parastatals, including the troubled National Railways of Zimbabwe and the collapsed Redcliff-based integrated steelmaker, Ziscosteel (Zisco), the Financial…
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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.
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