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Heathrow’s rebuilt terminal seeks glitch-free opening
Workers walk through the passenger departure hall at Heathrow airport’s new Terminal 2London. – London’s Heathrow airport welcomed its first passengers to a 2,5 billion-pound ($4,2 billion) terminal...
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Currency debate: Proponents of Zimdollar firing blanks
Debate on the possible return of the Zimdollar must enlist the views of ordinary citizens including new tobacco farmersBusiness Correspondent Since the start of the year, debate has been raging...
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Canvas makers venture into foreign markets
Power Seven Investments has acquired state of the art equipment to meet the growing demand of its products that include canvas boat coversBusiness Reporters Local tarpaulin and canvas goods...
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Capital markets developments: A journey that never ends
Since the formation of the Securities and Exchange Commission of Zimbabwe in 2009 capital markets regulation has grownEVERYONE knows the importance of capital markets. How they are particularly...
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Winter wheat hectarage declines
Farmers have planted just 6 000 hectares of winter wheat, compared to 10 700 hectares grown last yearFarmers have planted just 6 000 hectares of winter wheat, compared to 10 700 hectares grown last...
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Weak economy slows down ZSE
In the five-month period, foreign investors old $98,63 million worth of shares up from $55,79 million in the same period last yearBusiness Editor— Data from the Zimbabwe Stock Exchange shows that there...
View ArticleSA’s largest union threatens strike
JOHANNESBURG. – South Africa’s largest union yesterday warned of an imminent strike that could hit the country’s struggling manufacturing sector, amid a deadlock over wage increases.More than 200 000...
View ArticleKenya readies debut Eurobond after 17-year wait
London. – After 17 years, the timing is finally on Kenya’s side as the government readies its first Eurobond sale, betting the nation’s growth prospects and resurgent demand for emerging-market debt...
View ArticleART suffers US$1m loss
Walter Muchinguri Assistant Business Editor Diversified group, ART Corporation recorded a $1,16 million loss in the half year period ended March 31, 2014 from a profit of $236 000 a year earlier after...
View ArticleOil prices dip in Asia
SINGAPORE. - Oil prices dipped in Asia yesterday after Russian President Vladimir Putin held out a hand to crisis-hit Ukraine, raising hopes of an easing in the worst East-West standoff since the Cold...
View ArticleRand snaps four-day losing run
Johannesburg. – THE rand edged up for the first time to the dollar in five sessions yesterday as the recent sell-off in emerging market currencies abated ahead of the crucial European Central Bank...
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Trade deficit hits economy hard
Tobacco is one of the country’s top five exports. Imports into the country have continued to outstrip exports resulting in the widening of the country’s trade deficitThere has been serious debate...
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Reserve Bank cancels Capital Bank licence
Business Reporter The National Social Security Authority on Wednesday closed the doors on a failed investment, sinking $30 million of public funds after the Reserve Bank of Zimbabwe cancelled the...
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PPC domestic sales decline
PPC Zimbabwe’s domestic market sales have been flat compared to last year when growth in housing projects boosted demand for cementGolden Sibanda Senior Business Reporter Cement producer PPC Zimbabwe...
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Explosive Hwange AGM in the offing
Mr Farai MutamangiraGolden Sibanda Senior Business Reporter Hwange Colliery Company’s forthcoming annual general meeting is likely to be explosive with a major shareholder threatening to block a couple...
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Chanakira, AfrAsia feud drags on
The deal also involved the transfer of the Kingdom Trademark to the AfrAsiaConrad Mwanawashe Business Reporter— AFRASIA Bank has failed to beat the deadline to settle the $12,5 million for shares held...
View ArticleGender sensitive REDD+ crucial
Jeffrey Gogo Climate Story MANY Zimbabweans mistakenly think that the terms “gender” and “woman” are synonyms and can be used inter-changeably as they refer to the same thing. That is an understandable...
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Let’s revive Shabani, Mashava mines
Vandudzai Zirebwa Buy Zimbabwe After years of debating on the issue, Zimbabwe has finally launched its position paper on the safe use of chrysotile, commonly referred to as white asbestos. In the...
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OK Zim eyes US$6m refurbishments
Mr Willard ZirevaTinashe Makichi Business Reporter OK Zimbabwe intends to refurbish six stores across the country this year at a cost of US$6 million, a senior official has said. The group will spend...
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SA investor targets Zim’s FMCG sector
Mr Andrew RobinsonBusiness Reporter South African entrepreneur, Andrew Robinson backed by a group of private equity funds, could invest a staggering $100 million on prime assets available at a discount...
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