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Water purification chemicals purchasing authority on cards
Minister BimhaGovernment says it will establish a national authority charged with purchasing water purification chemicals on behalf of all local authorities in an effort to reduce the cost of water.At...
View ArticleZSE loses 20pc in 2014
The Zimbabwe Stock Exchange recorded its biggest year to date loss since dollarisation at the end of the year yesterday.The benchmark Industrials Index lost 19,46 percent as weak foreign investor...
View ArticleVictoria Foods capacity utilisation improves
Business Reporter CAPACITY utilisation at Victoria Foods, a division of CFI Holdings, has significantly improved in the past six months following an injection of fresh capital into the business.The...
View ArticleLand can be reserved for dam basins or sites
Zimbabwe, being a country that has two distinct dry and wet seasons, inevitably requires infrastructure such as dams to provide strategic reserves for water during times of shortage. The effects of...
View ArticleClimate change: No joy in 2014
Jeffrey Gogo Climate Story THERE were a few cheerful moments for climate change, the environment and related sectors in 2014. Or were they? Let’s take stock. Water was a major crisis last year, like...
View ArticleBig changes in store for hotel guests
NEW YORK. — Big alterations are coming in 2015 for hotel guests. One that will save travellers lots of cash, and another may well result in a handful of headaches.First, the fantastic news: The massive...
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Econet slashes tariffs
The country’s largest telecommunications company, Econet Wireless has slashed tariffs by more than 30 percent in line with a Government directive which came into effect on January 1, 2015 in spite of...
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Tough farming season looms
Farmers are facing a gloomy season as they are not able to purchase inputs because they have not been paid by GMB for last season’s cropThe Zimbabwe Commercial Farmers Union (ZCFU) on Thursday said...
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Cooking oil industry to raise production
Tinashe Makichi Business Reporter The cooking oil industry expects to increase production by 100 percent to 24 000 tonnes a month this year. Surface Investments chief executive Mr Sylvester Mangani...
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Zimre seeks to raise $15m in rights issue
Walter Muchinguri Assistant Business Editor Zimre Holdings is seeking to raise $15 million through a rights issue to shore up its capitalisation levels and ensure the growth of the business.The rights...
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Russians eye Zim’s livestock
Zimbabwe is looking at exporting beef to Russia as the European country seeks alternative source markets for beef after the banning of food imports from the WestMartin Kadzere Senior Business Reporter...
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‘Zim fuel industry needs overhaul’
Global oil prices went down almost 50 percent by the end of last monthGolden Sibanda Senior Business Reporter THE Zimbabwe Energy Council has called for an overhaul of the country’s petroleum industry...
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Zimra battles to recover $240m
Business Reporters THE Zimbabwe Revenue Authority may fail to recover about $240 million in unpaid taxes as it emerged that some of the companies owing the authority have closed.According to a report...
View ArticleRemember to execute your social responsibilities
Godfrey Wasara Readers, welcome to 2015. I would like to convey to you my compliments of the season and wish you a blessed year full of abundances. As the year begins I would like to bring in a very...
View ArticleOil holds above $51 per barrel
LONDON. — Oil held above $51 a barrel yesterday, supported by a surprise drop in US inventories, as bulls and bears searched for a bottom in the market’s second-biggest rout ever.Crude halted a...
View ArticleStandard Chartered cuts 4 000 jobs
Hong Kong. — Standard Chartered Plc is shutting its institutional equities business and eliminating about 4 000 jobs at its consumer operations as chief executive Mr Peter Sands seeks to restore the UK...
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Newcozim Poultry expects increased volumes
Business Reporters A local supplier of chicken cages, Newcozim Poultry Solutions expects increased volumes this year after clinching business with established producers with capacity to produce about...
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Natfoods injects $30m in upgrading operations
Natfoods growth has, since dollarisation, been funded entirely from internal resources in the form of retained profits and limited borrowingsGolden Sibanda Senior Business Reporter NATIONAL Foods...
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Art Corporation acquires new machinery
Tinashe Makichi Business Reporter Art Corporation’s ball pen manufacturing division, Eversharp is expecting to increase production by 100 percent this year following the purchase of new equipment and...
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Steward boss forced out
Mr Kwanele NgwenyaBusiness Reporters STEWARD Bank chief executive officer Mr Kwanele Ngwenya has been forced out of the banking institution following its poor performance and issues relating to...
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