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Econet Wireless, Western Union in partnership
Tinashe Nhari Business Reporter ECONET Wireless has struck a partnership with the world’s largest money transfer company, Western Union, in a development that will enable Zimbabweans in the Diaspora to...
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CTC blocks Irvine’s, Profeeds merger
Business Reporter The Competitions and Tariffs Commission denied Innscor Africa the chance of creating a monopoly in the stock feeds industry after rejecting the listed company’s bid to acquire a 59...
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Livestock industry faces collapse
Local poultry industry is facing collapse due to the continued influx of imported meatsBusiness Editor The livestock industry is considering major downsizing of operations and production to offset...
View ArticleImara steps up de-materialisation efforts
Tinashe Makichi Business Reporter Imara Edwards Securities has launched a drive to speed up the de-materialisation of shares held by its clients. The Zimbabwe Stock Exchange recently created a central...
View ArticleIMF approves successor SMP
Business Reporter The International Monetary Fund said the successful implementation of the successor Staff Monitored Programme will address Zimbabwe’s precarious external position, large current...
View ArticleUnpacking the Water Fund
Many raw water users have always been wondering where the money they pay in leivies go apart from financing the operations of the Zimbabwe National Water Authority and subcatchment council...
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Cottco mulls legal action against Kembo
Business Reporter The Cottco Holdings Limited board is not happy with its former chairman and management for concealing sensitive information regarding Cottco’s financial position. Former chairman Mr...
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BNC to float bond for smelter
Bindura Nickel Corporation may consider floating a bond to raise fundsGolden Sibanda Senior Business Reporter BINDURA Nickel Corporation might float a bond to raise an undisclosed amount of funds...
View ArticleLet’s resuscitate Bulawayo
Vandudzai Zirebhwa Buy Zimbabwe Colloquially known as “The City of Kings”, “Skies”, “Blues” or ‘KoNtuthu ziyathunqa’ in SiNdebele , meaning “a place that continually exudes smoke”, the city of Bulawayo...
View ArticleAnti-poaching efforts under pressure from corruption
Jeffrey Gogo Climate Story POLICE in Dete recently arrested two suspects on allegations of killing three elephants by cyanide poisoning. However, the real kingpins behind wildlife gangs remain...
View Article‘Sanctions cost Anjin over $300m’
Conrad Mwanawashe Business Reporter Diamond miner Anjin says it has lost over $300 million in potential revenue since commencing operations in 2010 due to sanctions which hindered it from accessing...
View ArticleNigeria attracts $59,6bn FDI in three years
ABUJA. — The Nigerian Federal Government’s Transformation Agenda for the economy has attracted $59,6 billion Foreign Direct Investments (FDI) into the country from all over the world since...
View ArticleBank of Russia cuts 2015 economic forecast
MOSCOW. — Russia’s central bank cut its base-case economic forecast for next year to show no growth, assuming sanctions remain in place and oil averages $95 a barrel.The regulator also pushed back its...
View ArticleUber in talks to raise $1 billion in funding
SAN FRANCISCO. — Uber is in fundraising mode again to bring in about $1 billion to finance its rapid international expansion. Uber’s talks with new and existing investors are at such early stage that...
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Zimbabwe’s economy today and beyond
In a presentation titled “Coping with the Future” Professor Tony Hawkins highlighted the following in his speech at a British Council event recently . . .Policymakers and business leaders in Zimbabwe...
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Attempts to remodel KPCS exposed at diamond talks
Attempts by some non-governmental organisations to redefine the role of the Kimberly Process Certification Scheme (KPCS) are, in fact, moves by Western countries to prevent some African diamond...
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ZMDC seeks partners to explore diamond reserves
ZMDC is negotiating with a number of potential investors to partner it in exploring for more diamond reserves, particularly kimberlitic deposits, in Chiadzwa, MarangeThe Zimbabwe Mining Development...
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Tobacco production and the environment
Steve Mapfumo In many tobacco growing countries, evidence indicates irreparable environmental damage from tobacco agriculture, particularly when associated with the deforestation necessary to increase...
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Gold deliveries surpass London market mark
Business Reporter GOLD deliveries to Fidelity Printers and Refiners have surpassed a minimum 10 tonnes required for the country to be re-accredited by the London Bullion Market Association.In the 10...
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Makamba in share wrangle
Empowerment Corporation, which owns 40 percent shareholding in Telecel Zimbabwe, is contesting the transfer of shares to Dr MakambaMartin Kadzere and Golden Sibanda Empowerment Corporation shareholders...
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