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Bulawayo captains of industry optimistic of enhanced capacity


United Refineries MD and Zimbabwe Investment and Development Agency Busisa Moyo
Captains of industry in Bulawayo are optimistic of enhanced production capacity growth, following government’s commitment to revive the country’s industrial hub.
The down turn of agricultural sector at the turn of the millennium affected a number of manufacturing companies in Zimbabwe, with such firms as Archer clothing, now Paramount garments and United Refineries Limited in Bulawayo greatly affected.
Despite facing these challenges, these companies have remained resilient and after the visit by President Emmerson Mnangagwa this Friday, there is confidence of an increased production capacity.
“The prospects of us expanding are very high. We had a discussion today with the ministers and the President and we highlighted that raw material supply is a critical need that we have. He has given us a pledge of support for various initiatives like contract farming, out grower for cotton. ....

Busisa Moyo , Emmerson Mnangagwa , Shane Beamish , United Refineries Limited In Bulawayo , Development Agency Busisa Moyo , United Refineries , Zimbabwe Investment , Development Agency Busisa , United Refineries Limited , President Emmerson Mnangagwa , ஒன்றுபட்டது சுத்திகரிப்பு நிலையங்கள் , ஸிஂபாப்வே முதலீடு , ஒன்றுபட்டது சுத்திகரிப்பு நிலையங்கள் வரையறுக்கப்பட்டவை ,

ZNCC Slams Forex Auction Beneficiaries Demanding Higher Premiums


By Alois Vinga
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed local businesses for circumventing official exchange rates through pricing goods and services at premiums higher than the stipulated rates when they were major beneficiaries of the auction system.
The Reserve Bank of Zimbabwe (RBZ) last year incepted the Foreign Exchange Auction system which has been credited for stabilising exchange rates and slowing down both monthly and yearly inflation rates.
Despite close to 800 companies having benefited from the weekly Foreign Currency Auction Trading System, where US$639,5 million has been allotted since the introduction of the platform, many businesses continue to peg their goods at premiums which were higher than those obtaining in the official market. ....

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