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CTC goes after Econet
Econet believes its being victimised for its successTinashe Makichi Business Reporter The Competitions and Tariffs and Commission has started gathering information, which may result in a fully fledged...
View ArticleMakoni farmers lead by example . . . l As association receives Equator Prize...
Jeffrey Gogo Climate Story THE sandy soils of Tandi village in Makoni District, Rusape are tired from over use of chemicals and fertilisers, ostensibly designed to improve yields. Following decades of...
View ArticlePowerspeed records nine percent growth
Business Reporter A SHIFT towards retail trading paid off for Powerspeed Electrical with the company recording a nine percent growth in turnover for the six months ended March 2014. Turnover for...
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Gold production falls 8pc
Martin Kadzere Senior Business Reporter ZIMBABWE’S gold production fell 8 percent to 5 500 kilogrammes in the five months to May from a year earlier, according to figures obtained from the Chamber of...
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Reform or die, says Chinamasa
Minister ChinamasaNelson Gahadza Business Correspondent Finance and Economic Development Minister Patrick Chinamasa says poor corporate disclosures and failure by companies to embrace international...
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Social media a great marketing tool
Vandudzayi Zirebwa Buy Zimbabwe Of late Zimbabwe has been experiencing phenomenal growth in the use of social media. Almost each week we have creative individuals, who for long lacked the means to...
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Internet connectivity in East Africa set to improve
Mr RudnickBusiness Reporter— LIQUID Telecom has completed construction of a network fibre ring that connects five East African countries to the world, a development likely to improve Internet...
View ArticleNational pension scheme is not safety net
There is a common misconception that social security pension schemes such as the national pension scheme operated by the National Social Security Authority are or should be safety nets for the poor and...
View ArticleChina overtakes US in bonds market
HONG KONG. — The Chinese corporate bond market has overtaken the United States as the world’s biggest and is set to soak up a third of global company debt needs over the next five years, according to...
View ArticleDeflation pressure persists
Business editor Latest figures from Zimstat show that the annual inflation for May was at 0,19 percent gaining 0,07 percentage points on the April rate of -0,26 percent as the drop in prices slowed...
View ArticleACR offers $8m for Dalny Mine
Business Reporter AFRICAN Consolidated Resources has offered $8 million to acquire Dalny Gold Mine, a division of Falcon Gold Zimbabwe in the Midlands province of the country. Dalny Mine is currently...
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Innscor loses court appeal
Innscor runs fast foods outlets that include Chicken Inn, Baker’s Inn and Pizza InnFidelis Munyoro Chief Court Reporter INNSCOR Africa Limited has lost an appeal against the decision of the Competition...
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‘Engage multilateral financial institutions’
Minister ChinamasaBusiness Reporter GOVERNMENT should make frantic efforts to engage multilateral financial institutions for it to be re-integrated into the mainstream economy, a cabinet minister has...
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Sugar producer price drops 9pc
Sugarcane growers in the Lowveld are this year anticipating an upsurge in production spurred by heavy rains received in the 2013-14 cropping seasonThe producer price for sugar has dropped by 9 percent...
View ArticleIraq violence sparks oil price fears
New York. — Brent crude was projected by Wall Street analysts to average as much as $116 a barrel by the end of the year. Now, with violence escalating in Iraq, how far the price will rise has become...
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Gazprom initiates gas prepayment for Ukraine
Vladmir PutinMOSCOW. — Russia’s energy giant Gazprom decided yesterday to introduce prepayment regime with Ukraine’s Naftogaz company, as the latter failed to pay its multi-billion US dollar gas debt....
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Lafarge to invest $250m in new plant
Lafarge intends to set up a new plant to meet the rising demand for cement on the local and export marketsTinashe Makichi and Enia Nyakudzambara— Lafarge Cement says it may invest up to $250 million...
View ArticleZambian bank increases lending charges
Lusaka. – The Bank of Zambia increased the maximum amount lenders can charge for credit after efforts to support the currency of Africa’s second-biggest copper producer made funding more expensive.The...
View ArticleIMF reduces US growth forecast
WASHINGTON. – The International Monetary Fund on Monday cut its US economic growth forecasts for this year from the previously predicted 2,8 percent to 2 percent due to a weak first quarter...
View ArticleNMB puts plans on hold
Business Reporter LISTED financial institution, NMB Bank has put on hold plans to raise about $5 million mainly from pension funds to provide loans to small and medium enterprises after the bank...
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