Zambia scales down stake in copper
The Zambian government last week officially launched the sell-down of its stake in its mining investment company to the public. The government owns a 77 percent stake in ZCCM-IH Mines Investment...
View ArticleCZI calls for restraint in job cuts
The Confederation of Zimbabwe Industries (CZI) yesterday said employers should exercise restraint and avoid rampant job cuts despite the recent Supreme Court ruling allowing them to fire workers on...
View ArticleCottco posts $30m loss
Martin Kadzere Senior Business Reporter COTTCO Holdings Limited posted a $30 million loss for the year to March 31 2015, from $15 million profit achieved in the same period last year. It should be...
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Govt, parastatal bonds to be listed on ZSE
Minister ChinamasaBusiness Reporter FINANCE and Economic Development Minister Patrick Chinamasa has proposed that any future Government and parastatal bonds be listed on the Zimbabwe Stock...
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ZSE July turnover up 40pc
Mr MboweniZimbabwe Stock Exchange’s monthly turnover for July increased by 40 percent to $20,3 million from $14,5 million invested in June while dipping 19,4 percent year-on-year from 25,2 million.In...
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TM launches Bargain Bonanza promotion
Tinashe Makichi Business Reporter TM Supermarket intends to invest $2.5 million in the refurbishment of two stores and towards the opening of a new branch. Speaking after the launch of the TM/Pick ‘n’...
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Platinum miners cry foul
Minister ChidhakwaBusiness Reporter GOVERNMENT will soon pronounce measures to address miners’ concerns regarding the impact of the 15 percent tax on raw platinum exports after Cabinet received...
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ZMDC gets coal licences
Deputy Minister MoyoBusiness Reporter GOVERNMENT has granted the Zimbabwe Mining Development Corporation special grants to explore coal and coalbed methane gas in Matabeleland North Mining...
View ArticleHealth boost for Zim students in SA
Business Reporter First Mutual Holdings’ medical fund, First Mutual Health, has partnered South African health insurer Momentum Health to extend medical aid services to Zimbabweans study-ing in South...
View ArticleHome away from home with ‘Fibroniks On The Go’
What is a value added service? According to investopedia.com, a value added service refers to an enhancement a company gives its product or service before offering the product to customers.An ideal...
View ArticleWhat we can learn from other African incubators
Kudzai Mubaiwa Business Hub Last November, I was fortunate to be one of the Southern Africa Ampion Venture Bus participants. This is an initiative that brings together business experts, designers and...
View ArticleNon-State actors key to reviving agric
Dr Gift Mugano Correspondent The issue of food insecurity and low productivity is not a Zimbabwean problem alone but a continental one. The African Union (AU) recognised the challenges of food...
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Airzim: A tradition of scaring
Restoring Airzim could be one of the quick-wins that will transform the economy significantlyBusiness Focus with Victoria Ruzvidzo The aviation industry is a very sensitive one where any negative story...
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Aurex Holdings ups value addition
Business Reporter One of Africa’s leading gold and silver jewellery manufacturers, Aurex Holdings, has increased capacity utilisation on its jewellery line to 20 percent since it resumed operations...
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Mandela Fellows urged to be transparent
Roselyne Sachiti in Washington, DC Young Zimbabwean entrepreneurs should conduct business in an open and transparent manner as this creates opportunities for investment, the country’s ambassador to the...
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Govt tackles Zim-Asset bankability
Minister ChinamasaBusiness Reporter MOST strategic projects in the Zim-Asset have failed to attract investors due to lack of evidence on their bankability, Finance and Economic Development Minister...
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RBZ secures $210m for projects
Dr MangudyaMartin Kadzere Senior Business Reporter THE Reserve Bank of Zimbabwe has secured $210 million from development finance institutions to fund capital projects in key productive sectors of the...
View ArticleWheat production falls
The Zimbabwe Commercial Farmers Union (ZCFU) says at least 32 000 tons of winter wheat is expected to be produced this season, a sharp decline from 58 000 metric tons produced last year.ZCFU president...
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Govt creates SPV for chrome ore trading
Business Reporters GOVERNMENT has created a special purpose vehicle to facilitate buying and selling of chrome ore from small-scale miners following the lifting of export ban on the mineral.The SPV,...
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$5,6 billion overdue import bills cleared
Dr MangudyaBusiness Reporter Zimbabwe has to date cleared more than $5,6 billion import bills out of the $5,8 billion that accrued between 2009 and December 2013 under the absolute amnesty on...
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