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Home » Industry urged to cut costs
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Industry urged to cut costs

written by Adelaide Moyo, Group Managing Editor 0 comments
The geopolitical tensions prompted a 12,4 percent month-on-month increase in domestic gas prices and a 9,5 percent jump in fuel and lubricants during the month of April
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LOCAL manufacturers should intensify cost-cutting measures by localising supply chains amid rising cost pressures from the Middle East conflict, squeezing profit margins, the Confederation of Zimbabwe Industries (CZI) has warned. In its latest update, CZI said the ongoing Israel-US-Iran conflict has triggered external commodity shocks, particularly high energy costs. The geopolitical tensions prompted a 12,4…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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