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Timber industry under threat, says executive
The country is cutting more trees than it is replanting which is expected to create shortage in the near futureBusiness Reporter ZIMBABWE could be harvesting timber faster than it is replenishing the...
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Old Mutual eyes micro-finance sector
Martin Kadzere Senior Business Reporter OLD Mutual is considering acquiring a micro- finance institution to support the informal sector which has now become the biggest economic sector in the...
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Bakeries agree truce in ‘bread wars’
Business Reporter The National Bakers’ Association of Zimbabwe last week signed a compliance agreement with the Competition and Tariff Commission in a move to foster compliance and competition laws...
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Zim trade deficit widens to $513m
Motor vehicles, especially grey imports from Japan, accounted for a significant share of Zimbabwe’s trade deficitZimbabwe’s trade deficit stood at $513 million in the first two months of the year as...
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Africa must add value to its exports: Bimha
Africa has no choice but industrialise to add value to its natural resources to maximise export earnings from these, Industry and Commerce Minister Mike Bimha said last week.He told journalists at the...
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Prepaid meters beef up ZEDTC coffers
Golden Sibanda Senior Business Reporter REVENUE from prepaid meters now accounts for 33 percent of Zimbabwe Electricity Transmission and Distribution Company’s income in a development that guarantees...
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Imara to facilitate $70m PPC loan
Business Reporter Harare-based Imara Fiduciary has been appointed security agent for PTA Bank to facilitate the extension of a $70 million loan to PPC Zimbabwe. The loan will fund the construction of a...
View ArticleGlobal climate talks slowly sinking on US’ inaction
Jeffry Gogo Climate Story THE big daddy of carbon pollution, the United States of America, last week released details of how it plans to reduce greenhouse gas emissions, as part of its contribution...
View ArticleSPECTIP starts rolling out credit bureau services
Business Reporter SPECTIP Investments has started rolling out credit bureau services covering individuals, public institutions and private companies, a company official said last week.Mr Innocent...
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Jaggers creditors file $15m claims
Business Reporter THE tight liquidity prevailing in the economy and legal challenges have hampered the liquidation process for collapsed wholesaler, Jaggers, with a total of $15 million required to...
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Stanbic Bank’s profit jumps
Stanbic Bank Zimbabwe’s fee and commission income grew by 13,6 percent from $30,4 million to $34,5 million for the year ending December 31, 2014Business Reporter Stanbic Bank Zimbabwe saw its profit...
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Beta Holdings buys trucks
Mr ManhambaraBusiness Reporter BRICK and tile manufacturing company – Beta Holdings – has injected $3 million towards the acquisition of new top-notch trucks as part of a strategy to expand its...
View ArticleLiquidation, judicial management numbers rise
A total of 87 companies were liquidated in 2014 compared to 44 in the 2013 period while companies under judicial management rose to 60 from 44.Zimbabwe is currently a challenging environment to do...
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Zim FDI rises 66pc in 2014
Mr ChanakiraRumbidzai Zinyuke Business Reporter THE Zimbabwe Investment Authority last year approved projects valued at US$1,1 billion, a 66,6 percent increase from the previous year driven by renewed...
View ArticlePension management scandals need attention
Martin Tarusenga It was a relief last week to read in this paper that the finance ministry has begun trimming civil service, and that firms are heeding the RBZ Monetary Policy Statement to cut down...
View ArticleZimpost connecting Zim to the world
Zimpost, Zimbabwe’s designated postal operator is part of the global postal network. The company connects Zimbabweans with the rest of the world through a diverse range of products and services that it...
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Zim prioritising infrastructure to attract investment
Industry Minister Mike Bimha (left) and his South African counterpart Rob Davies sign a trade agreement in PretoriaPRETORIA — ZIMBABWE says it is giving priority to upgrading its dilapidated roads,...
View ArticleGold production up 16pc in February
Martin Kadzere Senior Business Reporter GOLD production for two months to February this year rose 16 percent to 2,52 tonnes from 2,1 tonnes in the same period last year, latest statistics from the...
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2015 Land Rover Discovery Sport, what a ride
Land Rover Discovery SportTinashe Makichi Motoring Reporter I am sure no one will dispute my line of thinking that the Land Rover Discovery has proven to be one of the most luxurious cars on the local...
View ArticleAir Zim targets $80m revenue
Business Reporter Air Zimbabwe is targeting $80 million revenue for 2015 from the $32 million recorded in 2014 as the national airliner begins the implementation of its four-year turnaround strategy.In...
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