Fuel

Fuel

The Committee was informed that the National Oil Company(NOIC) will with effect from January, 2017 reduce pipeline charges from 85c to 65c. Ideally this reduction should filter to consumers, through...

Power Supply Consistence & Tariff

Power Supply Consistence & Tariff

CZI applauds ZESA for stability in the power supply during the course of 2016. Apart from power outages as a result faults in some areas, the supply was consistence and...

Mobile Power Generators Not Ideal

Mobile Power Generators Not Ideal

CZI continue to challenge the setting up of Dema 100mw mobile diesel generators at a reported cost of almost $200 million. It was felt it was unfair, not strategic and...

Beitbridge Chirundu Highway

Beitbridge Chirundu Highway

Representatives of the Infrastructure committee met with the senior officials in the Ministry of Transport and Infrastructure Development. This was a follow up meeting to the one held with the...

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President Mugabe meets Industry Leaders

The local industry leaders recently met with the head of state and government, President R.G. Mugabe in a meeting whose organization was led by CZI. The meeting took place at...

 

ZBC LIVE STREAMING CZI CONGRESS 2017

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LATEST BUSINESS NEWS

President Mugabe meets Industry Leaders

15 September 2017
 President Mugabe meets Industry Leaders

The local industry leaders recently met with the head of state and government, President R.G. Mugabe in a meeting whose organization was led by CZI. The meeting took place at...

CZI hosts Reserve Bank Governor over challenges

15 September 2017
CZI hosts Reserve Bank Governor over challenges

CZI organized and hosted an extra ordinary National Council Meeting, inviting the Reserve Bank of Zimbabwe Governor Dr. John Mangundya and Officials from the central bank. The meeting focused on...

Manufacturing Sector Survey in progress

15 September 2017
Manufacturing Sector Survey in progress

The CZI recently started conducting this year’s annual State of The Manufacturing Sector Survey. The Survey is carried out annually with the purpose of finding and analyzing the various factors...

RRI Manufacturing Sector

15 September 2017
RRI Manufacturing Sector

The ongoing Rapid Results Initiatives (RRI) on the manufacturing sector are expected to swiftly improve the ease of doing business in the country through addressing cost structures  as well as...

Diesel 50 on the cards

15 September 2017
Diesel 50 on the cards

Zimbabwe is reported to be moving from diesel 500 to diesel 50 in the next few weeks, with the ministry of energy expected to make an announcement to that effect...

Chinese avail fund to private sector

29 September 2017
Chinese avail fund to private sector

The Confederation of Zimbabwe Industry held a meeting with official from China’s Ministry of Commerce under the Chinese Africa Cooperation framework. The official informed CZI of the existence of a...

CZI-meet Minister Bimha over panic buying and ‘shortages’

29 September 2017
CZI-meet Minister Bimha over panic buying and ‘shortages’

The Minister of Industry and Commerce Dr. Mike Bimha this week held an urgent meeting with industry over the ‘shortage’ of some basic goods and panic buying. The panic buying...

CZI meets over forex shortages and raw material supplies

29 September 2017
CZI meets over forex shortages and raw material supplies

CZI held an emergence National Council meeting on the 27th September regarding the supply of commodities and the lack of foreign currency to buy raw materials. Highlighted during the meeting...

CZI soya value chain study launched

29 September 2017
CZI soya value chain study launched

The Zimbabwe Economic Policy Analysis Research Unit (ZEPARU) carried out a study, commissioned by CZI on the Development of a Competitive Soya Bean Value Chain. The study was launched last...

Consumers urged to shun businesses that unjustifiably hike prices

13 October 2017
Consumers urged to shun businesses that unjustifiably hike prices

Industry and Commerce Minister, Dr. Bimha has bemoaned the ‘shortages’ and the resultant price hikes that occurred recently.  Speaking at the Local Content Policy fund raising meeting held in Harare,...

Local content policy initiatives gather momentum

13 October 2017
Local content policy initiatives gather momentum

The Rapid Result Initiative (RRI) on Local Content Regulations chaired by CZI has launched a fund raising exercise for the purposes of conducting a comprehensive study upon which local content...

Funding conditions for Chinese private sector fund explained

13 October 2017
Funding conditions for Chinese private sector fund explained

CZI and the industrial associations held another meeting with the Chinese Africa Cooperation and on funding opportunities for various sectors. It was reported in the meeting that in Zimbabwe, the...

Oil Expressers meeting update

13 October 2017
Oil Expressers meeting update

The Oil Expressers Association of Zimbabwe held their regular meeting at CZI with issue threatening the viability of industry being the highlight of the meeting. The OEAZ remain concerned over...

CZI UPDATE ON THE STATE OF SUPPLY OF GOODS

13 October 2017
 CZI UPDATE ON THE STATE OF SUPPLY OF GOODS

 Recently, some events precipitated loss of confidence in the market resulting in a panic in the consumer goods market. We saw a frenzy of panic buying which was taken advantage...

Manufacturing volume grows but capacity utilization slows down

30 October 2017
Manufacturing volume grows but capacity utilization slows down

The Manufacturing sector has recorded 5.5% growth in volume output in 2017 compared to 2016, while the weighted average capacity utilization has decreased from 47.4% to 45.1%. This was revealed...

CZI 2017 National Budget: Call to reign in Government expenditure

10 November 2017
CZI 2017 National Budget: Call to reign in Government expenditure

CZI has submitted its proposals to the National Budget whose announcement is expected before the end of November 2017. In its submission CZI warned of the deterioration in macroeconomic fundamentals...

CZI engages on pricing

10 November 2017
CZI engages on pricing

After the panic buying that occurred on the 22nd and 23rd of October 2017, the Minister of industry and Commerce was  tasked by cabinet to review the activities of that...

Fuel

Fuel

The Committee was informed that the National Oil Company(NOIC) will with effect from January, 2017 reduce pipeline charges from 85c to 65c. Ideally this reduction should filter to consumers, through...

Power Supply Consistence & Tariff

Power Supply Consistence & Tariff

CZI applauds ZESA for stability in the power supply during the course of 2016. Apart from power outages as a result faults in some areas, the supply was consistence and...

Mobile Power Generators Not Ideal

Mobile Power Generators Not Ideal

CZI continue to challenge the setting up of Dema 100mw mobile diesel generators at a reported cost of almost $200 million. It was felt it was unfair, not strategic and...

Beitbridge Chirundu Highway

Beitbridge Chirundu Highway

Representatives of the Infrastructure committee met with the senior officials in the Ministry of Transport and Infrastructure Development. This was a follow up meeting to the one held with the...

SECTOR UPDATES

Retailers Association of Zimbabwe

08 September 2017

The Sector at the moment is depressed due to low demand and cash shortages. Disposable income for consumers continue to shrink due to loss of employment. Access to money is...

Personal Care

08 September 2017

The Personal Care Sector is facing two major challenges which include lack of access to foreign currency and issuance of import permits by Government for the importation of some of...

Stock feeds

08 September 2017

The sector produces 522 metric tonnes of feed per year with the bulk of it being chicken feed. The high maize yield as a result of good rains is one...

Construction Industries

08 September 2017

The Construction Industry Federation of Zimbabwe (CIFOZ) held their annual congress in August 2017. The main issue on the congress agenda was the pending issue of the Construction Contractors Bill,...

PLASTICS

08 September 2017

Similar to other sectors; foreign currency shortages remain a challenge to this sector as well. This sector comprises of mostly small companies that cannot access foreign currency from banks. This...

FRESH PRODUCE

08 September 2017

Fresh Produce sector relies on local farmers for apples and onions.  They are battling to get import licenses. AMA refused to let the sector import apples and this has been...

GRAIN MILLERS

08 September 2017

The Grain Millers have reported that the current wheat stocks are fairly good. The expected harvest for wheat is between 150-180 000 tonnes against a demand of around 400 000...

MOTOR INDUSTRY

08 September 2017

Foreign currency remains a challenge for the sector. Importation of spare parts have been a challenge. Lack of the required resources have led to the increase in the supply of...

Tea Growers

30 October 2017

The sector is faced with several challenges such as outdated machinery, cash shortages and lack of funds to diversify.   The prevailing cash shortages have impeded on employees’ production time...

Furniture Manufacturers Association

30 October 2017

Similar to other sectors, the Furniture Manufacturers’ Association (FMA) sector is also facing the common challenge of forex shortages, outdated machinery as well as border delays.   The sector requires...

Zimbabwe Textile Manufacturers Association

30 October 2017

The Zimbabwe Textile Manufacturers Association (ZITMA) has a success story to share as there were quite a number of noticeable developments in this particular sector.   The Polypropylene packaging manufacturers...

The Engineering Iron and Steel Association of Zimbabwe (EISAZ)

30 October 2017

The proposed investment in ZISCO STEEL is set to be major boost on EISAZ and the country at large as it is expected to create employment as well as improving...

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