Governance SOE REFORMS

ZISCO April 17, 2019
In progress
Apr 2019

Cabinet approved the agreement between ZISCO Steel and ZimCoke (Pvt) Ltd April 17, 2019

The agreement entails the revival and running of the coke oven batteries, which have not been operating since 2008. At full production, ZimCoke will manufacture half a million tonnes of coke in a year. The project also involves rehabilitation of Redcliff water supply infrastructure, production of tar and pitch for road making, as well as the refurbishment of locomotives and wagons.

Feb 2018

Gov't assumes ZISCO $500 million debt February 01, 2018

Zimbabwe plans to take on about $500 million of debt owed by state-owned Steeelmaker ZISCO to allow a new investor to revive the company.