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Cabinet approves IPP licences cancellation
Minister BimhaTinashe Makichi Business Reporter Cabinet has approved the cancellation of operating licenses for Independent Power producers who have failed to make meaningful progress. This decision...
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Innscor half-year profit declines
Colcom recorded 27 percent growth in operating profit over the comparative prior periodBusiness Reporters INNSCOR Africa Limited’s half-year net profit to December 2014 sharply declined due to...
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RBZ to issue $5m worth of 50c coins
THE Reserve Bank of Zimbabwe (RBZ) will by the end of this month receive $5 million worth of 50c bond coins to complete the cycle of other denominations already circulating. In an interview RBZ...
View ArticleUnki, Mimosa on course to secure smelter facility
Tinashe Makichi Business Reporter Unki and Mimosa Mines are weighing options on whether to set up a new refinery or to utilise existing facilities once they are upgraded.The two mining giants are...
View ArticleRenewable energy is the future
Jeffrey Gogo Climate Story ZIMBABWE’S contribution to the global goal of climate change mitigation will be built around renewable energy, but there is no clear indication, yet, on the specific targets...
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MBCA profit up 33pc
Loans and advances to MBCA customers constituted 49 percent of the total balance sheet, compared to 43 percent in 2013 while cash and cash equivalents decreased to 38 percent from 42 percent in...
View ArticleZim to host SADC talks on value addition
Business Reporter ZIMBABWE will from Wednesday this week host 11 Southern African Development Community member countries in economic progress review discussions revolving on value addition,...
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ZSE liquidity drops sharply
The value of trades on the ZSE amounted to $16,06 million in January against $63,73 million in the same period last yearGolden Sibanda Senior Business Reporter TRADES on the Zimbabwe Stock Exchange...
View ArticleLook beyond borders, local firms urged
Business Reporter THE Zimbabwe National Chamber of Commerce (ZNCC) says local companies should embark on more trade missions this year to plug the gap between exports and imports.Zimbabwe’s balance of...
View ArticleNational pension scheme pays out benefits, not refunds
There seems to be a misunderstanding among some people about the nature of the national pension scheme. Some people seem to think that they are entitled to a refund of contributions in the event of a...
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‘Govt yet to embrace global accounting standards’
Mrs ChiriBusiness Reporters The Auditor-General, Mrs Mildred Chiri, says Government has not yet formally adopted the International Public Sector Accounting Standards but plans are in place to embrace...
View ArticleNSSA to pay $700k damages to sacked employee
Conrad Mwanawashe Business Reporter THE National Social Security Authority has been ordered to pay almost a million dollars to a former senior officer, Mr Edwell Maposa, in a 12-year labour dispute in...
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Sadc backs Sakala for AfDB post
Mr SakalaThe Southern African Development Community has agreed on a strategy to assist its candidate, Zimbabwean Thomas Zondo Sakala (59), win the African Development Bank (AfDB) presidency in...
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Zim to save $180m on fuel imports
Minister ChinamasaMartin Kadzere and Godfrey Gavure ZIMBABWE could save about $180 million on fuel imports this year largely due to lower global prices, Finance and Economic Development Minister...
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Govt domestic debt crippling industry
Industry and Commerce Minister Mike Bimha (left) chats with Brigadier-General Josphat Kudumba (centre) and Colonel Joel Muzvidziwa at the Zimbabwe Staff College yesterday. – (Picture by John...
View ArticlePure Gold offers water-tight, foolproof security services
Do you wish to have watertight and fool-proof security services? If your answer is yes, try us for we pledge meaningful commitment to your security.We are found in the following areas for our client’s...
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‘Know Your Customer’ helps foster banks’ integrity
Sanderson Abel Banking laws require banking institutions to conduct customer due diligence (CDD) during the process of opening banking accounts. This information enables banks, not only to serve...
View ArticleGold stuck near 3-month lows
SINGAPORE. – Gold was stuck near three-month lows yesterday on the renewed expectation of a mid-year hike in US interest rates and as the dollar scaled a fresh 11-year peak. Spot gold was little...
View ArticleRand continues decline
Johannesburg. – The rand continued its decline against the dollar yesterday morning as investors priced in a sooner than expected US rate hike. At 8.38am, the rand was trading at 12,1664 against the...
View ArticleLiquid Telecoms in $150m expansion
Tinashe Makichi and Nelson Gahadza Econet Wireless Global’s subsidiary, Liquid Telecoms, says it has raised $150 million to fund the further expansion of its fibre network in Africa. The network...
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