‘Zim’s financial inclusion bearing fruit’

Kudakwashe Mhundwa and Michael Tome Business Reporters ACCESS to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which was introduced in 2016 has begun to bear fruit, a senior banking official has said. The Reserve Bank of Zimbabwe (RBZ) launched the National Financial …

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Vaya to introduce tractor, ambulance services

Business Reporter LISTED technology solutions firm Cassava Smartech Zimbabwe has unveiled plans to introduce tractors and ambulance services under its Vaya division. By the time the next planting season starts, farmers will be able to find a tractor within minutes, anywhere in Zimbabwe, said the company in an update yesterday. …

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Forex shortages hit money transfer agencies

Bernard Yombayomba Business Reporter Money transfer agencies mainly Western Union, have become latest victims of foreign currency shortages as it emerged they are failing to access hard cash from local banks for onward transfer to receivers. A money-transferring agency transfers monies between two separate parties but of late, some local …

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‘TSP brilliant roadmap to Vision 2030’

Ishemunyoro Chingwere Business Reporter The major industrial lobby group, Confederation of Zimbabwe Industries (CZI), has thrown its weight behind Government’s key economic policy, the Transitional Stabilisation Programme (TSP), describing it as a brilliant roadmap towards achieving Vision 2030. The lobby group, however, said the roadmap needs to be robustly communicated …

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Delta demands payment in forex

By NQOBANI NDLOVU/MTHANDAZO NYONI Delta Corporation is reportedly demanding customers to pay for part of their orders from the beverage maker in hard currency to allow it to source imported raw materials as a pressing foreign currency shortage intensifies, Newsday has established. In January, a panicky government forced the company …

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NSSA to remain under Labour ministry

BY FIDELITY MHLANGA The National Social Security Authority (NSSA) will remain under the ambit of the Labour ministry despite calls to have the Insurance and Pensions Commission (Ipec) take over control of the cash-rich pension fund, an official has said. With an asset base in excess of $1 billion, the …

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Air Tanzania to relaunch flights from Dar es Salaam

BY FIDELITY MHLANGA AIR Tanzania is set to relaunch flights into Harare from Dar es Salaam this Friday at a time other airlines are pulling out of the country, citing currency challenges. “Get to explore the beauty and opportunities in Zimbabwe and Zambia by flying with us from Dar to …

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TelOne targets $165m revenue

BY MTHANDAZO NYONI STATE-OWNED telecoms operator, TelOne, is forecasting to generate $165 million in revenue this year, which will be anchored on the company’s broadband business, digital services and other value-added services. TelOne spokesperson Melody Harry told NewsDay that despite the economic challenges being faced in the country, the parastatal …

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Zinara rules out tollgate fees hike

BY MTHANDAZO NYONI THE Zimbabwe National Road Adminstration (Zinara) says it will not increase road user fees despite resurgent inflationary pressures. Responding to questions from Matabeleland North road authorities representatives in Bulawayo last week, Zinara board chairman Michael Madanha said the roads agency was looking at increasing revenues without increasing …

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Europe’s middle class shrinking

Raquel Navarro downed an early-morning coffee, kissed her husband goodbye and hurried from her family’s spacious brick home in a suburb north of the Spanish capital. The successful events business she had owned for a decade slowly crumbled when Europe’s financial crisis hit. Now, after dropping her two young children …

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