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Creditors take over Afrasia
Dr Michael Gondwe one of the shareholders’ representativesBusiness Reporter CREDITORS and management of Afrasia Capital Management, now Smartvest Wealth Managers, have taken over 100 percent...
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Huawei boosts ICT sector
Some of the students that went to China courtesy of HuaweiTechnomag Chinese President Xi Jinping’s two day State visit at the beginning of the month attracted a lot of attention and showed the strong...
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AfDB spends $1bn on energy projects
AFDB HEADQUARTERS IN TUNISThe African Development Bank (AfDB) says it had devoted at least $1 billion to finance power and infrastructure projects in Africa this year alone. In October, the AfDB...
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Cottco targets return to profitability
Cottco Holdings is targeting 100 000 hectares of seed cotton in the current planting season but this will heavily depend on inputs that Government will avail ahead of its proposed takeover of the...
View Article90pc shop at informal markets: Deloitte
South African brands dominate the formal African retail landscape, but around 90 percent of Africa’s population still shops at informal markets, supporting informal traders rather than formal shopping...
View ArticleHuawei hits 100m smartphones in 2015
BEIJING. – The Huawei Consumer Business Group shipped more than 100-million smartphones worldwide in 2015. Over the last five years, shipments of Huawei’s smartphones have increased more than 3 000...
View ArticleSilicon Valley’s secretive start-up raises $880m
Palantir Technologies, an ultra-secretive “big data” start-up in Silicon Valley, has raised a whopping $880 million, according to a filing from the US Securities and Exchange Commission (SEC) on...
View ArticleBlack unemployment still a crisis
Less than half of working-age people in South Africa are employed, with black people still bearing most of the brunt of unemployment, the South African Institute for Race Relations latest report...
View ArticleDawn explores new business model
Business Reporter Dawn Properties has started exploring a business model that leverages on the balance sheet in a bid to unlock value after recording a 14 percent slump in revenue for the six months to...
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RBZ to import more bond coins
Bond coins have come into their own with the fall of the South African randBusiness Reporter BOND coins worth $10 million are now in circulation with the Reserve Bank of Zimbabwe considering importing...
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Key to making SEZs work
Diamond cutting will increase foreign direct investmentIn most developing countries, Zimbabwe included, Special Economic Zones (SEZs) have become the buzz word, as countries see them as a remedy for...
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FAO warns of El Nino impact on crops, livestock
Farhan HaqUNITED NATIONS. – The Food and Agriculture Organisation (FAO) has warned the impact of El Nino on crop and livestock production prospects in Southern Africa, a UN spokesman told reporters on...
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ZAMCO to acquire some RioZim’s debts
Business Reporter THE Zimbabwe Asset Management Company, a subsidiary of the Reserve Bank of Zimbabwe has agreed to acquire some RioZim’s debts amounting to about $33,7 million. ZAMCO was established...
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New indigenisation framework next year
Cde ZhuwaoMartin Kadzere and Tinashe Farawo GOVERNMENT’s new framework for indigenisation is expected to be effective from March next year subject to Cabinet approval, Youth, Indigenisation and...
View Article2015: Year of Paris climate talks
THE year 2015 could easily be the year of the heatwave. Or the year of a lion once called Cecil. Or the year of renewed wildlife killings by cyanide poisoning. Could 2015 be the year of the Paris...
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ZTE Corp to partner solar power producers
Business Reporter ZTE Corporation of China is planning to partner independent solar power producers on the development of solar farms in Zimbabwe, a senior company official has said. ZTE corporate...
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Arda eyes return to profitability
Business Reporter— THE Agriculture and Rural Development Authority says it is focusing on returning to profitability after successfully reviving most of its estates that have been idle for several...
View ArticleSA initiates nuclear power procurement process
JOHANNESBURG — South Africa has started a process that could lead to it adding up to 9 600 megawatts of nuclear power to its national grid, the department of energy said on Sunday.The department said...
View ArticlePredictions for mobile money, financial inclusion in 2016
As with so many things in human history, the evolution of money has been characterised by slow and steady progress, interspersed with periods of rapid technological advancement.Even so, we live an age...
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Govt to enhance policy on diaspora earnings
Minister ChinamasaBusiness Reporter GOVERNMENT will next year find ways of enhancing diaspora earnings which reached $1,8 billion last year from about three million Zimbabwean adults living outside the...
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