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SWF to boost economy
The mining sector will play a key role in setting up the Sovereign Wealth FundBusiness Reporters ZIMBABWE’S planned Sovereign Wealth Fund will help stimulate investment in strategic sectors of the...
View ArticleInformal sector: A pillar of growth
Sanderson Abel Business Correspondent According to the International Labour Organisation, the informal sector essentially covers the unorganised spectrum of economic activities in commerce,...
View ArticleBalancing possession, utilisation
Ben Chiganze Bass Fisherman Approach Alan and I took our six cousins to Gwebi river mouth in Darwendale Dam for fishing last weekend. Given that our boat could only accommodate four, the other four...
View ArticleGlobal shares slide
LONDON. — Global shares slipped yesterday as a batch of weak earnings pre-announcements in the United States sparked concerns that the upcoming reporting season may disappoint, leaving some indexes...
View ArticlePlans underway to revive Modzone subsidiaries
Business Reporter PROVISIONAL judicial manager of Modzone Enterprises’ two subsidiaries Mr Reggie Saruchera says he is assessing the capital needs of the two firms in order to bring them back on their...
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Why thin plastic regulations?
These children play at a dump in Harare which has all sorts of waste including thin plastic which blocks drains especially during the rainy seasonSolid waste management is undoubtedly one of the most...
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Tobacco to ease liquidity crunch
About 86 000 farmers registered to grow flue-cured tobacco in the 2013 /14 summer cropping season compared to the 64 700 registered in the 2012 /13 season. The increase in growers will likely boost...
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Gold mines face closure
Rumbidzai Zinyuke Business Reporter The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to remain viable due depressed prices and high royalties...
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QV placed under judicial management
CAPS Holdings subsidiary QV is facing viability challengesMartin Kadzere Senior Business Reporter QV Pharmacies, a subsidiary of CAPS Holdings was on Wednesday last week placed under provisional...
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Duly’s appointed official distributors of Higer
Tenda Buses is among the established operators using Higer coachesBusiness Reporter DULY Trucks, a subsidiary of Croco Holdings, has been appointed the official distributors of Higer luxury and semi...
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Indians win ZSE tender
Happiness Zengeni Business Editor THE Zimbabwe Stock Exchange has awarded InfoTech Middle East FFZ-LC, an Indian firm the contract to install its automated trading system. Bids for the ATS project...
View ArticleGovt to engage banks on Dimaf
THE Government will soon engage local banks to persuade them to continue bankrolling the Distressed Industries and Marginalised Areas Fund (Dimaf) since it has failed to avail its own portion to the...
View ArticleBanks under probe as cybercrime soars
LAGOS. – THE Economic and Financial Crimes Commission said it was investigating banks amid allegations these financial institutions were complicit in the prevalence of cybercrime. EFCC chairman,...
View ArticleUS Congress unveils $1 trillion spending bill
WASHINGTON. – Negotiators in the US Congress have reached agreement on a US$1-trillion-dollar spending bill that would keep the federal government open through the 2014 fiscal year. The bill covers the...
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South Sudan civil war slows Fidelity’s plans
Simon ChaperekaBlessing Bonga Business Reporter The civil war in South Sudan has significantly slowed Fidelity Life Assurance of Zimbabwe’s plans to penetrate the market in the east African country, an...
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Banks can’t self-regulate
Golden Sibanda Senior Business Reporter BANKS continue to make the bulk of their income from fees and charges as opposed to the core business of lending money in what significantly eats into the...
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Tullow ups Kenya oil estimates
Nairobi. – Tullow Oil Plc made two new discoveries in Kenya, boosting prospects for turning East Africa’s largest economy into an oil exporter. The UK oil explorer doubled its Kenyan resource estimates...
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Duration Gold seeks US$10m
Business Reporter Gwanda-based gold miner Duration Gold, an emerging gold mine formed in 2006 is need of about US$10 million to increase production in order to achieve economies of scale and lowering...
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New power generating plant on the cards
Hwange power plantTinashe Makichi Business Reporter CHINA-Africa Sunlight Energy will invest US$250 million towards the construction of a power generation plant in Gwayi, a company official confirmed...
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Slow up-take of ABC shares
Golden Sibanda Senior Business Reporter THERE has been slow up-take of the US60c mandatory offer share price ADC Mauritius made to ABC Holdings minorities when the former increased its stake above the...
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