Food indaba urged to focus on agric productivity
Business Reporter STAKEHOLDERS in the food sector want the Zimbabwe Food Conference and Expo set for July 8 to interrogate agricultural productivity and financing which they say are the reasons why the...
View ArticleStaying safe online
Fears about human security have moved from the physical world and now includes the virtual world. There is a gaping trust deficit in the Internet as people around the globe increasingly worry that...
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Oil rises towards $65pb on signs glut easing
LONDON. — Oil rose towards $65 a barrel yesterday before a US government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.The industry...
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Sovereign Wealth Funds under the spotlight
Dr MangudyaBusiness Reporter Africa has long been criticised as not having used its natural resources wealth well enough to ensure sustainable and positive change in its economies. Sovereign Wealth...
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starafrica shelves retrenchment plans
Sugar processor starafrica corporation has shelved plans to retrench workers citing inadequate funds to carry out the exercise. The company wrote notices of retrenchment late last year to the National...
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I won’t control interest rates – Chinamasa
Minister ChinamasaFinance Minister Patrick Chinamasa yesterday said Government will not control interest rates that banks should charge but is in negotiations with the financial institutions to...
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Competitiveness Bill approved
Minister BimhaGolden Sibanda and Silence Mugadzaweta in VICTORIA FALLS CABINET has approved principles of the National Competitiveness Bill and the draft document for the new legislation will be...
View ArticleDiasporan remittances boost economy
Golden Sibanda and Silence Mugadzaweta in VICTORIA FALLS ZIMBABWE has received a cumulative $3,5 billion since 2009 from its nationals in the Diaspora who now account for about 25 percent of liquidity...
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Zimra calls for tax system remodelling
Mr PasiConrad Mwanawashe Business Reporter THE Zimbabwe Revenue Authority wants Government to remodel the taxation system particularly for the clothing sector to focus on collecting VAT on the products...
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Nissan launches new X-Trail 2015
The new Nissan X-TrailTinashe Makichi Nissan is consolidating its strength in the Sports Utility Vehicle category following the launch of the new X-Trail 2015. The car has been completely overhauled. ....
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Govt requires $10bn to increase irrigation area
Government has crafted a ‘comprehensive’ irrigation development blueprint that will require $10 billion over the next 25 years to implement, Agriculture, Mechanisation and Irrigation Development...
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Zimbabwe FDI up 36 percent
Mr Mbaiwa.Zimbabwe received Foreign Direct Investment (FDI) worth $545 million in 2014, a 36 percent increase from $400 million a year earlier, but still lags behind its counterparts in the region as...
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ZESA to import Zambian power
Martin Kadzere Senior Business Reporter ZESA Holdings is in talks with Lunsemfwa Hydro Power Company of Zambia to import electricity to boost domestic supply, officials from both companies said...
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Zimbabwe should reject ARIPO plans on seed control
Mr MudzingwaJeffrey Gogo Climate Story ZIMBABWE should reject new plans by the African Regional Intellectual Property Organisation (ARIPO) on seed production and control because of the potential...
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Banks called to lower interest rates
Dr MlamboBusiness Reporter THE Reserve Bank of Zimbabwe says it has engaged banks to discuss the high cost of finance with a view to getting them to lower interest rates to an average of 15 percent.RBZ...
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FBC to raise $15m
FBC Holdings chairman Mr Herbert Nkala (centre) confers with company secretary Mr Tichaona Mabeza (right) while group chief executive Mr John Mushayavanhu looks on during the diversified financial...
View ArticleRio Tinto exits Zim
Business Reporter Global mining giant Rio Tinto has exited Zimbabwe after a 60-year presence, following the disposal of its shareholding in Murowa Diamonds and Sengwa Coal.Rio Tinto owned 78 percent of...
View ArticleExiting dollarisation won’t be easy: UN official
Business Reporter NO country has ever been able to reintroduce its domestic currency in the history of dollarisation due to the costs associated with such a decision and Zimbabwe may not be able to do...
View ArticleZim to carry out tourism survey
Zimbabwe will next month begin a tourism satellite account (TSA) visitor survey whose findings will be used to measure the contribution of the sector to the national economy. TSAs are defined as...
View ArticleZambia to receive $10m investment for agriculture
Business Reporter The German Amatheon Agri Group and the Japanese Toyota Tsusho Corporation have announced an estimated $10 million agro partnership project in Zambia. The joint venture highlights the...
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