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Latest: Zim cotton market under threat
By Elita Chikwati Agriculture Reporter Cotton producers could be in for another bad season if China continues to offload 10 million tonnes of cotton lint in its stocks onto the international market....
View ArticleRich, yet so poor
Victoria Ruzvidzo Business Focus “Africa, and in particular Sub-Sahara Africa has much natural resources (42 percent of the world’s) and a young population (460 million under the age of 24); it needs...
View ArticleGovt to support local firms
Business Reporter Government is committed to supporting local industries involved in Information and Communication Technologies so that they can compete on the global stage, a Cabinet minister has...
View ArticlePalladium slips
SINGAPORE — Palladium fell from its highest level in more than three years on yesterday as investors reaped profits, but the metal used in jewellery and auto catalysts remains underpinned by physical...
View ArticleGhana union forces foreigners out of markets
ACCRA – THE Ghana Union of Traders Association (GUTA) has warned all foreigners engaged in retail trade to stop operating in the country by the end of this month. President of GUTA, George Ofori,...
View ArticleEmirates abandons huge plane order
TOULOUSE. — Emirates airline delivered a huge blow to European aerospace group Airbus yesterday, cancelling an order for 70 new-generation A350 airliners, which analysts estimate represents about a...
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EcoCash launches diaspora service
DARLINGTON MANDIVENGABusiness Reporters ECONET Wireless, in partnership with international money transfer service, WorldRemit, has launched a service which enables customers to receive money from...
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RTG’s revenue increases
A ‘Zambezi River Lodge recorded revenue growth of 25 percent during the first four months of the yearConrad Mwanawashe Business Reporter RAINBOW Tourism Group local operations’ revenue for the four...
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Govt targets pension funds to finance housing projects
Government is targeting pension funds to help finance housing projectsBusiness Reporter GOVERNMENT is targeting pension funds to help finance housing projects as it seeks to reduce the housing backlog,...
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Mwana Africa needs $27m to restart smelting plant
Business Reporters MWANA Africa will require at least $26,5 million to restart its smelting plant at Bindura Nickel Corporation, the Pan African mining company announced yesterday. Based on the...
View Article‘Wake up to reality’. . . some firms are not coming back
Business Editor International experts have said Zimbabwe needs to wake up to reality and come to the realisation that some of the industries suffering under economic challenges are not going to come...
View ArticleChodron de Courcel to quit BNP amid sanctions probe
Frankfurt. — BNP Paribas SA Co-Chief Operating Officer Georges Chodron de Courcel became the first senior executive to step down as US regulators seek to fine the French bank as much as $10 billion for...
View ArticleDelta Beverages expands into drinking yoghurt
Business reporter LISTED beverages giant Delta will this week launch a new yoghurt drink. The new drink consolidates Delta’s continued interest in expanding its non-alcoholic portfolio and claiming an...
View ArticleEconet to launch a new call centre
Clara Mawere Business Reporter Econet Wireless is implementing a highly advanced call centre system which will enable its contact centre operators to monitor feedback and conversations on both social...
View ArticleOil prices up in Asian trade
SINGAPORE. — Oil prices rose in Asia yesterday following a surprisingly bullish US stockpiles report and on rising concerns that turmoil in Iraq will disrupt Middle East supplies. US benchmark West...
View ArticleLack of markets, funding affecting sunflower production
Poor funding and lack of markets is discouraging farmers from growing sunflower, which has potential to generate income for rural communities, an official said on Wednesday. Zimbabwe Commercial Farmers...
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‘Zim’s $300m debt hindering loan release’
Business Reporter Zimbabwe’s $300 million debt to the European Investment Bank is hindering the release of new loans to the country’s private sector, a senior EIB official has said. EIB head of...
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WB cuts Zim’s growth prospects
The World Bank has Zimbabwe’s economic growth rate forecasts with mining and agriculture expected to play a key roleBusiness Reporter THE World Bank has cut Zimbabwe’s economic growth rate forecasts to...
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Govt engages experts on economic zones
Tinashe Makichi, Business Reporter Government is consulting international experts in its quest to successfully implement special economic zones and come up with models that fit the country’s current...
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China-Africa Fund to acquire stake in Cottco
Martin Kadzere Senior Business Reporter THE China-Africa Development Fund, China’s largest private equity fund focusing on African investments, has moved to buy a significant shareholding in Cottco...
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