ECB, BoE want lenient rules
FRANKFURT. — The European Central Bank and the Bank of England last Friday called for easier rules regarding certain securities so as to get credit flowing again in the eurozone economy. In a joint...
View ArticleBuy Zimbabwe competitiveness driver
Vandudzayi Zirebwa Buy Zimbabwe Buy Zimbabwe in conjunction with the National Economic Consultative Forum and the Ministry of Industry and Commerce hosted the Buy Zimbabwe Annual Conference last week....
View ArticleLagos seeks synergies to beat power crisis
LAGOS. — The Lagos State Government has advocated for synergies between the government, the private sector and the citizenry to achieve adequate electricity for the state. Speaking at an energy summit...
View ArticleMore regulation for Namibian banking sector
WINDHOEK. — THE Namibian Government plans to table stricter legislation focusing on the banking industry in a bid to reduce flaws in the sector, the Bank of Namibia revealed. Speaking at the release of...
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Milk production remains suppressed
Zimbabwe’s first quarter raw milk production declined marginally from the same period last year as the country’s dairy industry continue to struggle under the current liquidity crunch. Figures released...
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Gold steady on risk aversion
LONDON — Gold steadied below two-and-a-half-week highs last Friday, heading for its best week in a month on sagging risk appetite and increasing hopes the US Federal Reserve will hold off on raising...
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Telecel Go breaks network boundaries
Business Reporter Telecel Zimbabwe stepped up its efforts to remove boundaries between different networks in the country by introducing a new prepaid service platform called Telecel Go. The platform is...
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Unki Platinum Mine resumes expansion
Tinashe Makichi Business Reporter Anglo America Platinum’s Zimbabwe platinum mining arm, Unki Platinum Mine has resumed expansion which was temporarily put on hold last year due to fall of platinum...
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Zimra Q1 collections above target
Walter Muchinguri Assistant Business Editor The Zimbabwe Revenue Authority collected US$834,6 million against a target of US$817,9 million in the first quarter of the year, resulting in a positive...
View ArticlePoor 2013 financial results
After growing by 10,5 percent in 2012, Zimbabwe’s real GDP growth rate in 2013 sharply regressed to 3,4 percent as the economy showed serious signs of distress. The economic outlook for 2014 thus far...
View ArticleGovernment to formalise SMEs operations
The Government is working on various programmes to formalise operations of Small to Medium Enterprises in order to increase their contribution to the fiscus through taxes. Zimbabwe has a vibrant SMEs...
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NRZ scouts for investors
THE National Railways of Zimbabwe is scouting for investors to partner it in the construction of rail link between Lion’s Den near Chinhoyi and Kafue in Zambia as it seeks to create a shorter transit...
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Premier Diamonds gets High Court reprieve
The High Court has granted an order staying the execution of a ruling compelling Premier Diamonds to settle a $4,6 million loan advanced by BancABCMartin Kadzere and Fidelis Munyoro LOCAL firm, Premier...
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Wildlife Trust seeks to raise $50m
Minister KasukuwereBusiness Reporter The Wildlife Ecological Trust seeks to raise $50 million required to avert ecological disasters that have affected most national parks in the country, an official...
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Collect minerals instead of dividends: Zimra boss
Conrad Mwanawashe Business Reporter GOVERNMENT should consider collecting a percentage of the minerals mined in the country instead of waiting for its share of dividends from indigenised mining firms,...
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‘Econet won’t back down on tariff’
Douglas MboweniGolden Sibanda Senior Business Reporter Econet Wireless Zimbabwe has declared that it will never back down on its earlier demands for banks to pay a prescribed tariff in order to gain...
View ArticleZimre mulls offloading stake in Malawian insurer
Business Reporters Zimbabwe’s leading reinsurance company, Zimre Holdings Ltd is considering offloading its stake in Malawi-based United General Insurance Company (UGI), to its subsidiary NicozDiamond....
View ArticleHorizon Ivato supermarket to expand
The largest supermarket in Zimbabwe by size, Horizon Ivato, will be further expanded to include a fresh produce store and have prices of regionally-produced goods slashed to stay relevant in the...
View ArticleBayelsa slams neglect by oil firms
ABUJA. - BAYELSA state governor, Seriake Dickson, has berated international oil companies over their alleged insensitivity to the plight of oil producing communities in the Niger Delta.The governor...
View ArticleGold slips after three-week high
SINGAPORE. – Gold retreated yesterday from a three-week high as gains in equities and strong US retail sales data offset safe-haven bids that were driven by heightened tensions in Ukraine.US retail...
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