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Art Corporation draws down $18m facility
Business Reporter Art Corporation has started drawing down the $18 million facility offered by Taesung Chemical Company Limited which has enabled the company to purchase new equipment and machinery.The...
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Use living wage,employers told
Finance and Economic Development Minister Patrick Chinamasa (right) hands over the mining award to Mimosa Mine senior manager loss control Mr Wilbert Manyika during the Buy Zimbabwe End of Year Awards...
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Sable shelves coal gasification plans
Golden Sibanda Senior Business Reporter SABLE Chemical has shelved plans for coal gasification, as a solution to the energy intensive electrolysis process it uses to produce hydrogen, for much cleaner...
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Zim eyes 7 000MW for region
Mr MbiririOliver Kazunga and Happiness Zengeni in Victoria Falls ZIMBABWE will provide 7 000 megawatts into the region by 2022 if electricity generation projects the country has embarked on are...
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National Diaspora policy on cards
Minister ChinamasaMartin Kadzere Senior Business Reporter GOVERNMENT is developing a National Diaspora policy meant to harness investment from Zimbabweans working abroad, according to a progress...
View ArticleZimre gets $1,3m for Malawi subsidiary
Conrad Mwanawashe Business Reporter ZIMRE Holdings will receive about $1,3 million from NicozDiamond for the disposal of a 49 percent stake in its Malawi subsidiary United General Insurance Company as...
View ArticleZesa installs 200 000 pre-paid meters
At least 200 000 pre-paid electricity meters were installed this year, bringing the total so far to over 500 000 with the process going on smoothly, a senior Government official has said. Zesa...
View ArticleMeikles to complete 10 stores by next year
Tinashe Makichi Business Reporter Zimbabwe Stock Exchange-listed group Meikles Limited’s retail arm, Meikles Mega Market expects to complete the opening of 10 stores across the country by the first...
View ArticleChinese firm offers Interfin lifeline
Business Reporter Chinese firm Belle Holdings has offered to inject $50 million into the struggling Interfin Bank to save it from liquidation. The Reserve Bank of Zimbabwe has since given the foreign...
View ArticleOccupational Safety, Health Policy explained
The new Occupational Safety and Health Policy assigns occupational safety and health responsibilities to both employers and employees. It also recognises that workers have various safety and health...
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Cottco chairman powers raise eye brows
Last year, due to poor funding by some risk averse contractors, Cottco managed to register growth in intake and market share at 43 000 tonnes and 32 percent, respectively.Business Reporter COTTCO...
View ArticleZim’s annual inflation continues to fall
Business Reporter Zimbabwe’s annual inflation rate was minus 0,78 percent in November after shedding 0,78 points on the previous month’s figure, official figures released yesterday showed. This means...
View ArticleBiting the proverbial hand
Yvonne Murwira Business Correspondent Budget time is a silly season, it is bonanza time for those who thrive on critiquing yet are devoid of substance when the time to craft solutions comes. Economists...
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Govt in bid to assist industry
Minister BimhaConrad Mwanawashe and Tinashe Makichi GOVERNMENT has approved a raft of measures including reducing the cost of key enablers in a bid to help industry recover from the liquidity crunch...
View ArticleStanchart to downsize ops
Tinashe Makichi Business Reporter— Standard Chartered bank will close up to six branches in Zimbabwe while retrenching about 100 employees in the process as the group downsizes its operations in the...
View ArticleFML gives university health boost
Business Reporter First Mutual Holdings Limited, through its subsidiary, First Mutual Health recently spearheaded the refurbishment and modernisation of the Great Zimbabwe University Mashava clinic and...
View ArticleSuperbugs to kill ‘more than cancer’ by 2050
London. – Drug resistant infections will kill an extra 10 million people a year worldwide – more than currently die from cancer – by 2050 unless action is taken, a study says. They are currently...
View ArticleRationale for individual savings
Sanderson Abel Whenever someone gets paid they usually face two options – either to spend it all or to spend part of it and put a portion aside. Once they decide to put aside a portion, they will have...
View ArticleCompany to commence Kamativi open pit project
Business Reporter London Stock Exchange-listed commodity firm, Premier African Minerals has completed the open pit mine design for its Kamativi tungsten project paving way for the mining concern to...
View ArticleTRB invests $6m annually in research
Tendai Sahondo Business Correspondent The Tobacco Research Board (TRB) says it is investing $6 million annually in research to maintain the country’s golden leaf as a premium global brand. In an...
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