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Government introduces new licences
Minister BimhaEnia Nyakudzambara Business Reporter The Ministry of Industry and commerce has introduced new import and export licences with special security features on selected goods as a way of...
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RBZ floats $103m Treasury Bills
Minister ChinamasaBusiness Reporter THE Reserve Bank of Zimbabwe has floated Treasury Bills worth $103 million meant to clear part of Government’s $1,35 billion debt assumed from the central bank. Some...
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IMF extends $14-18bn rescue to Ukraine
KIEV. - The IMF announced yesterday a $14-$18 billion bailout for Ukraine to avoid bankruptcy but tied to painful and unpopular reforms amid the country’s escalating standoff with Russia. The...
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NMBZ eyes return to profitability
Mr MushoreConrad Mwanawashe Business Reporter NMBZ Holdings says it has put in place measures to manage non-performing loans which affected its bank’s performance, resulting in a record a loss of $3,3...
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Astra records profit rise
Astra is looking at exploiting new marketing opportunities as a result of its merger with Kansai PlasconBusiness Reporter Astra Industries, the country’s leading paint manufacturer recorded a marginal...
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Where past, present hospitality blend
Guests enjoy their drink at the bar in the Lodge at the Ancient CityIsidore Guvamombe Tourism Matrix It is ancient, inexplicably beautiful and exceptional. In fact, it defies tourism magazine...
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‘BNC can process platinum metals’
Bindura Nickel Corporation says it has a cheaper option to refine platinum group metalsGolden Sibanda Business Reporter Bindura Nickel Corporation could turn its smelter and refinery into precious...
View ArticleKey investment concepts
Investment Return Investment return is what you get back on an investment you make. Ideally, if the return is positive, your initial investment will remain intact and you will end up with more than you...
View ArticleImpact of biofuels needs validation
Jeffrey Gogo Climate Story But as the biofuels crusade heated up in Zimbabwe last year backed by high economic and environmental concerns, Mr Murehwa had his small car fitted with a conversion system...
View ArticleCost structures need revision
Vandudzayi Zirebwa Buy Zimbabwe There has been divergent view on the magnitude of the challenges that are being faced at the moment with one executive even having the temerity to suggest that the...
View ArticleRTG: Taking the bull by the horns
Yvonne Murwira The past two years have seen the operating environment tightening. This has seen growth rates for corporates slowing down whilst others have recorded negative growth rates. Disinflation...
View ArticleCam & Motor to start operations
Business Reporter RIO Zim gold unit, the Cam & Motor will start operations in the second half of the year after signing an engineering procurement and construction contract, the company said. “A...
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Zim to benefit from $100m Indian facility
Minister BimhaZimbabwean companies will be able to purchase equipment from India through a $100 million credit facility that the Asian country has availed, a Cabinet Minister has said. Industry and...
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CFI revenue down 9pc
Conrad Mwanawashe Business Reporter CFI HOLDINGS says trading performance deteriorated in the 5 months ended 28 February with revenue declining by 9 percent to US$39,4 million, a company official has...
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Chubb Locks gets SAZ certification
Standards Association of Zimbabwe director-general Mrs Eve Gadzikwa (right) presents Assa Abloy Chub finance director Mr Clive Majoni with the ZW468:1995 certificate during a function held on Wednesday...
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Padenga plans ‘big’ for US business
Padenga production volumes have increased three-fold with 23 310 animals available to harvest this yearBusiness Editor Padenga Holdings, a Zimbabwe Stock Exchange listed company, will double the sale...
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Govt to tender for cadastre system
Mines and Mining Development Minister Walter ChidhakwaGolden Sibanda Senior Business Reporter— GOVERNMENT will soon put to tender the computerisation of the country’s register of mining rights and...
View ArticleThe success tale of NMB Holdings
Linda Tsarwe Business Correspondent In a world of occasional financial breakdowns, one tends to wonder what it is that makes a bank successful. Macro-economic challenges such as shortages of liquidity...
View ArticleFML gets asset management licence
Martin Kadzere Senior Business Reporter FIRST Mutual Holdings has obtained an asset management licence from the Securities Exchange and Commission of Zimbabwe as the group seeks to enhance...
View ArticleBakers Inn meets bread target
Tinashe Makichi Business Reporter Bakers Inn Shepperton Road branch in Southern Harare has met its bread production target of 400 000 loaves of bread per day after the installation of a new plant, a...
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