Media Centre
Zimbabwe needs motor industry development policy

There is a need to develop a local motor industry development policy that would guide the revival of the once vibrant industry.

The demand for new vehicles for the local market was estimated at 35 000 in 1997 with the effective demand being 25 000, of which 18 000 were supplied by the four main assembly plants at WMMI; Quest; WH Dahmer and Deven... Read more

IDC-SA extends line of credit to the Corporation

In June of this the Industrial Development Corporation of South Africa unveiled a six year US$30 million line of credit to two of Zimbabwe's Development Finance Institutions, Agribank and the Industrial Development Corporation (IDCZ).

The Industrial Development Corporation of Zimbabwe Limited received US$15 million of towards the recapitalization... Read more

Olivine retains CZI award

Olivine Industries retained the ZETDC/ Econet Energy efficient user award for 2011 at the recently held CZI Congress in Victoria Falls.

The company's operations director, Engineer Chris Murove collected the award on behalf of the company. Olivine Industries currently uses the ISO 2001:2008 quality management system. The system has... Read more

Quality of products vital in Buy Zimbabwe Campaign

The Buy Zimbabwe Campaign was officially launched on 3 August 2011 during a ceremony held at Africa Unity Square in Harare. The ceremony that was officiated by the Minister of State in Vice President Joyce Mujuru's office, Honourable Sylvester Nguni also some of the Industrial Development Corporation of Zimbabwe's leading brands such Olivine, Willowvale Mazda Motor Industries (WMMI) and Travan Blankets participating in the... Read more

Deven Engineering to assemble more luxury buses

Coach builder and diversified engineering services company, Deven Engineering is planning to increase the assembling of semi-luxury buses in a bid to increase its capacity utilization and promote local production.

The company's managing director, Mr. Patrick Munyaradzi, revealed this at the recent launch of two semi... Read more

Sunway City seeks US$7 million for cotton factory

Sunway City (Pvt) Limited says it requires at least US$7 million for the construction of a spinning cotton factory at its industrial park.

Sunway City Managing Director, Mr. Tendai Kapumha said the factory would be constructed adjacent to the weaving company in order to integrate processes.

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IDCZ Courts Chinese investors for completion of industrial...

Sunway City (Pvt) limited is courting strategic partners or equity partners to complete infrastructure works at its 1 560 hectare integrated industrial park that is located about 11 kilometres east of Harare's CBD.

Funding constraints have slowed work at the industrial park, which started about 10 years ago.The Industrial Development Corporation... Read more

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