Concern over Zimbabwe Iron and Steel Company grows
CAPTAINS of industry are calling for urgent steps to revive the moribund Zimbabwe Iron and Steel Company (Zisco) as part of efforts to revive the country’s troubled economy. Zisco’s disappearance from the domestic, regional and international markets has created bottlenecks in vital supplies to industries, in addition to massive job losses. When operating at full […]
Zimbabwe moves to resuscitate Ziscosteel
Finance minister Patrick Chinamasa has claimed that government may be forced to dig deeper into its depleting purse to revive Ziscosteel due to lack of foreign investors. “Industry minister Mike Bimha and I have been talking about Ziscosteel . . . unless Ziscosteel becomes operational, the country’s economic recovery will not take place,” he told […]
Ziscosteel Revival – Ball Now in Essar’s Court
THE ball is now in Indian firm Essar Africa Holdings’ court to deliver after government removed all obstacles hindering the US$750 million deal to revive the now defunct Ziscosteel, which was once part of the economy’s backbone. In an interview with the Zimbabwe Independent on Wednesday, Mines and Mining Development minister Walter Chidhakwa said government […]
