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‘Lack of chain cohesiveness threatens cotton sector’
Philippe Van DammeTinashe Makichi and Munesu Nyakudya The Common Market for East and Southern Africa has pointed out lack of chain cohesiveness in Zimbabwe’s cotton sector as a threat to the...
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‘Mobilise around common economic vision’
Dr KanyenzeBusiness Reporter ZIMBABWEANS should mobilise around a common vision and draw lessons from the execution of the liberation war which successfully brought economic emancipation. Labour and...
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ZAMCO takes up $188m bad loans
Business Reporter— Banks have so far offered $188 million worth of NPLs for takeover by the Zimbabwe Asset Management Company while a further $68 million NPLs from loans taken by four companies are...
View ArticleBankers need to balance culture with conduct
LONDON – Bankers need to walk a fine line between embracing regulation while remaining innovative and competitive. Striking a balance in bank culture and conduct will be the most challenging of all...
View ArticleRole of groups in savings mobilisation
Sanderson Abel Saving money is a difficult task for everyone. It is especially difficult for the lower income earners, who usually are the most vulnerable in our communities.The majority of these are...
View ArticleWorld’s big banks in fine fettle
LONDON. – Banks have at long last built up their balance sheets with enough surplus cash to survive a future downturn – seven years on from the calamitous collapse of Lehman Brothers and the onslaught...
View ArticleDangote shrugs off slump with new plants, mines
LAGOS. – Africa’s richest man, Aliko Dangote, plans to launch several new cement and sugar plants as well as mines across the continent, accelerating an expansion outside his Nigerian home market and...
View ArticleWhat’s next after June examinations?
The June examination results are out and the question on many candidates’ minds is “what does it mean for me and my future?” Today we would like to examine the examiner and find out how the grading...
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Poor yields affect oilseed processors
Martin Kadzere Senior Business Reporter OILSEED processors in Zimbabwe are bracing for a serious shortage of raw materials following poor yields in cotton and soya beans, an official said yesterday....
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Edgars records $1,2m profit
The Jet Stores contribution to group turnover jumped to 27,1 percent from 18,8 percent last year after it introduced credit salesClothing retailer, Edgars Stores recorded a $1,2 million net profit for...
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ZCT forecasts slow growth in tourism
Minister MzembiGolden Sibanda Senior Business Report THE Zimbabwe Council for Tourism has projected slower growth for tourism due to the impact of value added tax on accommodation for foreign visitors....
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AfDB sets aside grant for Zim
Minister ChinamasaBusiness Reporter THE African Development Bank has set aside a grant to help Zimbabwe clear its arrears with the continental bank, a development which will put Zimbabwe in good stead...
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Batoka delays cost $45bn
File pic of a gorge.Delayed construction of the Batoka Gorge Hydro Electric power plant has resulted in economic losses to Zimbabwe and Zambia of at least $45 billion, the World Bank has said.Zimbabwe...
View ArticleLocal entrepreneurs to launch association
Godfrey Gavure Business Reporter A group of local entrepreneurs have come together under the banner of the Zimbabwe African Entrepreneurs Association (ZAEA) to lobby for local business people to play a...
View ArticleCall to reduce deforestation
Munesu Nyakudya Business Reporter THERE is need to curb deforestation to mitigate the effects of climate change and ensure sustained economic development, director in Water and Climate Ministry Mr...
View ArticleLessons from the classroom
Zach Aldwin Milkshake in the Boardroom “Enjoy your school days,” I was told, “they are the best days of your life.” If that was the truth it would have set me up for one hell (in the really negative...
View ArticleRates decision set to test Fed’s credibility
NEW YORK/SAN FRANCISCO. — The US Federal Reserve (Fed), this week faces its biggest policy decision yet under chairwoman Janet Yellen. The Fed will put its credibility on the line regardless of whether...
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NIEEB to pursue $66m indigenisation pledges
Minister ZhuwaoGolden Sibanda Senior Business Reporter THE National Indigenisation and Economic Empowerment Board will soon start following up on all unpaid pledges to indigenisation and empowerment...
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Zimbabwe ready for investment: Bimha
Minister BimhaNyasha Chingono Business Correspondent MINISTER OF INDUSTRY and Commerce Mike Bimha says Zimbabwe is now ready for investment as witnessed by the growing number of investors willing to...
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Aurex to enhance export capacity
Business Reporter Aurex Holdings plans to capacitate its gold polishing and cutting subsidiary, Aurex Diamonds in order to enhance the country’s capacity to export high value polished diamonds that...
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