INDUSTRIALS & ENERGY

Cooking oil industry engages RBZ

The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up...

By Staff reporter | Published: 02 June 2022
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BUSINESS NEWS

URL listing to depend on economy outlook, says Moyo

A PLANNED initial public offering of United Refineries Ltd (URL) will depend on the economic climate, CE Busisa Moyo says.URL this year moved to strengthen its balance sheet by inviting pension funds ...

By Staff reporter | Published: 07 December 2018
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BUSINESS NEWS

Busisa Moyo re-ignites rand debate

Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system".This also comes...

By Staff reporter | Published: 03 December 2018
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INDUSTRIALS & ENERGY

United Refineries gets ready for listing status

DIVERSIFED agro-processor United Refineries Limited (URL) is repositioning itself in the market on the back of growing business as it moves towards initial public offering grade."The latest thinking i...

By Staff reporter | Published: 10 July 2018
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BUSINESS NEWS

Govt, industry to meet quarterly

GOVERNMENT has agreed to convene regular meetings with the private sector to discuss issues affecting business in order to unlock economic growth.Responding to a question from the Confederation of Zim...

By Staff reporter | Published: 02 May 2018
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BUSINESS NEWS

Forex shortages weigh down oil expressers

THE cooking oil industry is operating at between 30% and 40% capacity, weighed down by the shortage of foreign currency to import key raw materials, an official has said.Oil Expressers Association of ...

By Staff reporter | Published: 20 April 2018
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BUSINESS NEWS

Bulawayo wants city-headquartered bank

A NUMBER of business leaders in Bulawayo are planning to come together and form a bank, headquartered in the city, for the benefit of the industry.Speaking at the Bulawayo Investment Conference held i...

By Staff reporter | Published: 26 March 2018
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BUSINESS NEWS

'Bulawayo 'lacks' creative entrepreneurs'

INDUSTRY expert and United Refineries chief executive, Mr Busisa Moyo, has challenged Bulawayo entrepreneurs to "soul search" and come up with creative business ideas that will help develop the city's...

By Staff reporter | Published: 29 August 2017
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INDUSTRIALS & ENERGY

Zimbabwe's cooking oil industry regains capacity

THE cooking oil industry is operating at between 50 and 60% of capacity following import restrictions imposed by government in the past three years, an industry official has said.Oil Expressers Associ...

By Staff reporter | Published: 05 July 2017
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INDUSTRIALS & ENERGY

United Refineries to increase oil production

UNITED Refineries Ltd, a Bulawayo-based agro processor is set to raise cooking oil output due to improved availability of cotton seed while it intends to resume stock feed production.Managing director...

By Staff reporter | Published: 21 July 2014
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