MedTech revenue falls
Business Reporter MEDTECH Holdings revenues decreased 12,6 percent to $6 million in the first half of the year to June 30 from $7 million during the same period last year. The company attributed the...
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Merc S65 AMG: Fast, luxurious sedan
Tinashe Makichi Motoring Reporter Harare was buzzing last week with news that United Family International Church founder Mr Emmanuel Makandiwa had just imported a Mercedes-Benz S65 AMG. Many people...
View ArticleOil prices hit their lowest
LONDON. — Oil prices hit their lowest level since June 2012 yesterday, dropping below $93 a barrel, as official oil price cuts from top producer Saudi Arabia added to supply glut concerns and weak...
View ArticleEuropean Central Bank leaves rates on hold
NAPLES. — The European Central Bank (ECB) will buy bundles of loans and other forms of secured debt from mid-month in an attempt to energise a languishing eurozone economy, despite misgivings in...
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‘Zim needs to re-brand to attract investment’
Minister BimhaBusiness Reporter A COUNTRY’S poor image can have negative effect on its economy and Zimbabwe needs to create a national brand to attract investments and improve trade, a Cabinet minister...
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Competitive policies a real necessity: Comesa
Mr NgwenyaTinashe Makichi in Livingstone, Zambia The Common Market for Eastern and Southern Africa (COMESA) has stressed the need for member states to effectively implement competition policies within...
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‘ZIA one stop shop not working’
Business Reporter The Zimbabwe Investment Authority’s one stop shop centre model is not working as envisaged, amid revelations that it has become another stopover delaying the approval of investment...
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Mauritian investor snaps up IDC stake
Surface’s oil production capacity tripled after a $6 million investment by the new investorBusiness Reporter A MAURITIAN registered investor, with a balance sheet valued at $40 billion, has snapped up...
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AfrAsia engages Meikles over stake
Business Reporter AFRASIA Bank has offered to sell a substantial shareholding to Meikles Limited and is also pursuing a merger with a local bank to avoid potential collapse of the institution. Although...
View ArticleMicro-finance loans up 83 percent
Martin Kadzere Senior Business Reporter LOANS from micro-finance institutions rose 83,24 percent to $177,8 million in six months to June as a result of improving levels of funding in the sector...
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Lower climate finance to weaken Paris deal
The EU is targeting to reduce its emissions by 40 percent below 1990 levels by 2030, which is greatly inadequateJeffrey Gogo Climate Story CONTRARY to widespread assertions, the industrialised...
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Sharing Economy can change informal sector
Mr SundararajanHappiness Zengeni in New York The Sharing Economy trend could transform the informal economy as it enables multiple people to have access to markets, which are generally not accessible...
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Milling industry workers drop strike threat
Minister GocheBusiness Reporter MILLING industry workers have backed down from a proposed collective job action to press for a 5 percent increment, lawyers representing grain millers said. The workers,...
View Article‘Reducing imports could save $2bn’
Golden Sibanda Senior Business Reporter Zimbabwe could save $2 billion annually by reducing the importation of 40 percent of products coming into the country despite existing capacity to produce them...
View ArticleMiner seeks diamond prospecting authority
Business Reporter A private mining company, Hosen Mining, has applied for permission to prospect for diamonds on five sites measuring about 250 000 hectares in three mining districts A notice in the...
View ArticleWork accidents kill 71 in 8 months
Business reporter SEVENTY ONE people died from work accidents in the first eight months of this year while 3 598 were injured, signalling the need to do more to reduce the accidents, Public Service,...
View ArticleHewlett-Packard splits into two units
San Francisco. – Hewlett-Packard is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal-computing businesses it...
View ArticleNational Pension Fund turns 20
The National Pension Scheme administered by NSSA has now turned 20. The scheme was established on October 1, 1994, which means that anyone who has continuously contributed to the scheme since then has...
View ArticleZERA finalising Marondera solar project
Marondera will soon have its own solar farm as the Zimbabwe Electricity Regulatory Authority (ZERA) seeks to finalise the 150 megawatt project. ZERA has given notice that it has received an application...
View ArticleRoad Motor Service starts work on Namibian part
Business Reporter National Railways of Zimbabwe subsidiary, Road Motor Service has started preparatory work at the country’s Walvis Bay dry port in Namibia as plans to commence construction begin to...
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