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Three firms win solar plant tenders
Intratek Zimbabwe, China Jiangxi Corporation and ZTE Corporation have been given the greenlight to construct three 100-megawatt solar plants in Gwanda at a cost of at least US$184 millionBusiness...
View ArticleAgents to enter into multiple e-wallet contracts
Business Reporter ECONET Wireless Zimbabwe could have lost its bid to bar Ecocash agents from doubling up as agents for rival mobile money transfer service, telecash being offered by Telecel Zimbabwe....
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Chinamasa questions bank’s lending cut
Minister ChinamasaGolden Sibanda recently in Victoria Falls FINANCE and Economic Development Minister Patrick Chinamasa has summoned senior management of an international bank in the country to provide...
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Japan blasts Bitcoin
Japanese Finance Minister Taro Aso speaks at the Lower House’s budget committee session at the National Diet in Tokyo last Friday. – AFPTOKYO. – Japan’s finance minister said last Friday he always...
View ArticleFirm invests US$4m in tourism projects
AFRICA Albida Tourism (AAT) Chairman, Mr Dave Glynn says the firm has invested over US$4 million in tourism projects over the past two years as it seeks to expand its operations in the country. Mr...
View ArticleInterest rates up, ruble tumbles in Russia
WASHINGTON. — Russia raised its main interest rate the most since 1998 to shore up the economy as concerns that President Vladimir Putin will invade Ukraine sent the ruble tumbling and sparked the...
View ArticleArt Holdings turnover drops
Art Holdings turnover in the four months to January was down 7 percent over the comparable year ago period in tandem with the “not so great” trading conditions. Chief executive Mr Richard Zirobwa told...
View ArticleBeneficiation must be multi-sectoral
Vandudzai Zirebwa Buy Zimbabwe The mining industry last week converged on the resort town of Victoria Falls to discuss the modalities for enhancing the value addition and beneficiation of Zimbabwe’s...
View ArticleGold on track for biggest monthly gain
LONDON. — Gold steadied around US$1 330/oz last week and was on track for its biggest monthly gain in seven months as persistent concerns about a slowdown in the US economy hurt the dollar. Gold has...
View ArticleOM considers initial public offering in US
Johannesburg. — Old Mutual Plc, Africa’s biggest insurer, said it plans to proceed with an initial public offering for its US asset-management business this year. “This offering will broaden US asset...
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Controversies shroud NSSA investments
The investments by NSSA so far are a reflection of the lack of financial and econometric depth from their investment boardTinashe Makichi, Business Reporter THE controversies surrounding investments...
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Govt mulls new diamond law
Cynthia Nare applies diamond powder on a diamond polishing machine at Zimbabwe Education College in Mount Hampden, Harare. Government will in the next two weeks come up with legislation to regulate the...
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Ecocash to offer credit lines to SMEs
ECOCASH Services chief operating officer Mr Japhet Aritho says the Ecocash Payroll system will offer access to credit lines to small to medium enterprises and companies using the platform depending on...
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Solar power in 24 months: ZERA
Golden Sibanda Senior Business Reporter ZIMBABWE will be able to produce about 200 megawatts from solar power generators within the next 24 months, Zimbabwe Energy Regulatory Authority chief executive...
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Zimswitch, Steward Bank break impasse
Business Editor ZIMSWITCH has broken the impasse with Econet Wireless Zimbabwe over restricted access to its mobile money transfer system, unstructured supplementary service data, with the latter’s...
View ArticleWhat is soil erosion?
Soil erosion is a naturally occurring process that affects all landforms. In agriculture, soil erosion refers to the wearing away of a field’s topsoil by the natural physical forces of water and wind...
View ArticleKnow the difference in stores
Department stores and chain stores are two different concepts. Department stores have a long history of offering a wide variety of goods for retail sale, while chain stores are retail outlets in...
View ArticleKey drivers of financial innovation
Sanderson Abel Financial innovation can be defined as the act of creating and then popularising new financial instruments, technologies, institutions, markets, processes and business models including...
View ArticleTime to get your priorities right
Ben Chiganze A Bassfisherman’s Approach A colleague Remigio invited my friends and I to fish at Stobert Dam in Goromonzi district last weekend. Remigio in many respects represents the new breed of...
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Cooking oil producer to install new plant
COOKING oil manufacturer, Surface Investments plans to install a new refinery within the next two years to triple production from the current three million litres a month, an official said yesterday....
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