Zim’s trade deficit continues to widen: Zimstats
Zimbabwe’s trade deficit with key trading partners continues to widen as the country’s exports for March declined by 27,6 percent to $188,7 million from $260,7 million recorded in the prior month,...
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More than 400 exhibitors to participate at ZITF
Mrs NdlovuBusiness Reporter MORE than 400 direct exhibitors have taken up 91 percent of the space available for sale at this year’s edition of the Zimbabwe International Trade Fair scheduled for next...
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Deutsche Bank handed £1,7bn penalty
Regulators said the size of the fine reflected the fact that Deutsche Bank had misled authorities, deleting hundreds of tapes of telephone callsLONDON. — Deutsche Bank has been hit with the biggest...
View Article‘Telecoms firms must reimburse clients’
Business Reporter LOCAL telecommunication firms could be flouting regulations and short-changing their customers by imposing a time limit on data bundles, which expire if not utilised within the fixed...
View ArticleDHL to increase service centres
Courier services firm DHL Express Zimbabwe says it is targeting to grow its footprint in the country by increasing service centres from the existing 100 to 1 000 by the end of this year.DHL aims to...
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IDC struggles to get funding
Mr NdudzoGolden Sibanda Senior Business Reporter THE Industrial Development Corporation’s subsidiary companies require $40 to $50 million for working capital finance, but tight liquidity and banks...
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Safe use of electricity in the home
When originally installed a wiring system is suitably designed for its intended purpose and each circuit is safeguard against the effects of overload, short-circuits and fault currents by protective...
View ArticleZim to establish National Climate Fund
Jeffrey Gogo Climate ZIMBABWE plans to set up a National Climate Fund to tackle the deadly escalating impacts of climate change. This is important to achieving the desired level of mitigatory or...
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Zimra exceeds Q1 revenue collection target
Walter Muchinguri Assistant Business Editor The Zimbabwe Revenue Authority surpassed its revenue collection target for the first quarter of the year by 5 percent after gross collections came in at...
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Banks tighten lending terms
Golden Sibanda Senior Business Reporter THE impact of the current liquidity crunch may become more pronounced as it emerged banks have tightened their lending conditions by targeting high net worth...
View ArticleOld Mutual posts 19pc voids in property
Tinashe Makichi Business Reporter Old Mutual Zimbabwe says voids within its property portfolio in the first quarter of 2015 were at 19 percent reflective of a difficult operating environment within the...
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Atlas Mara offers cash to ABCH minorities
Business Reporter ATLAS Mara has dangled a “cash on delivery” carrot to minority shareholders who did not respond to its earlier offer to acquire shares in ABC Holdings.The group wants to entice 2 841...
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Turnover on ZSE falls 22 percent in Q1
Golden Sibanda Senior Business Reporter THE value of shares traded on the Zimbabwe Stock Exchange fell by 22,2 percent in the first quarter of this year compared to the same quarter last year as...
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Irvine’s plans to raise day-old chicks output
Martin Kadzere Senior Business Reporter ZIMBABWE’S largest day-old chicks producer Irvine’s plans to increase production by 66 percent in the next two years following a $7 million investment in its...
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OPC to launch Client Service Charter
Dr Misheck SibandaBusiness Editor The Office of the President and Cabinet will launch a new tool: the Client Service Charter Compendium in a bid to push for the improvement of service delivery within...
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Lobels boss, board fall out
Lobels has parted ways with chief executive Mr Ngoni MazangoMartin Kadzere Senior Business Reporter LOBELS chief executive Mr Ngoni Mazango has left the company after a fall out with the board due to a...
View ArticleValue chain financing chances for SME sector
Sanderson Abel A closer look at the majority of players in the informal sector shows that they are suppliers of the raw materials or purchasers of finished goods from the formal sector, creating a...
View ArticleEmbrace ICT in structures, govts told
Happiness Zengeni in Cape Town Good data management can help governments across Africa to provide trends, forecasts and facilitate rapid urbanisation. This can, however, be made possible if the same...
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Eight bid for Mutare power project
Mr GwariroAt least eight companies have shown interest in constructing an emergency power plant which the Zimbabwe Power Company (ZPC) wants to establish in Mutare, an official has said.The 120...
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Mimosa’s production down 8 percent
Business Reporter Mimosa Platinum Mine’s production for the third quarter was down eight percent to 610 929 tonnes due to lower operating days in the quarter of 82 days compared to 88 days worked in...
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