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The state-run IDCZ holds full control in agricultural chemicals maker, Chemplex Corporation, which in turn controls 100% stock in G&W Industrial Minerals.
In the report, submitted to Cabinet recently, Industry and Commerce minister Sekai Nzenza revealed that exports reached US$404 million up from US$383 million.
Disgruntled IDC employees triggered the investigation by the Zimbabwe Anti-Corruption Commission (Zacc) after they presented a dossier of alleged corrupt activities.
Harare mayor Jacob Mafume yesterday said the payment, made last week, was part of broader efforts to improve the water supply situation in the capital.
In a paper submitted to Cabinet, Industry and Commerce minister Sekai Nzenza said there had been an “avalanche” of cheaper products from competitors in neighbouring countries.
THE Industrial Development Corporation of Zimbabwe (IDC) says a process to install its US$2,2 million fertiliser granulation plant at Zimphos has begun.