Small-scale miners to elect leaders

Ishemunyoro Chingwere Business Reporter The Zimbabwe Miners Federation, an umbrella board representing small- scale miners, has initiated the process to elect new leadership for the organisation beginning with a general council meeting to be held in Gweru next week. The federation’s membership, which now accounts for more than half of …

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International Day for biological diversity

May 22 marked 25 years of the entry into force of the Convention on Biological Diversity (CBD). The convention has a near universal membership of 195 countries. It entered into force on December 29, 1993. Zimbabwe ratified the convention on 11 November 1994 and became a party to the convention …

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Lack of exploration unsettles Govt, miners

Golden Sibanda Senior Business Reporter GOVERNMENT has raised concerns over lack of investment into exploration in mining amid palpable fears that without new mineral discoveries, the future of the sector was uncertain and unsustainable. Mines and Mining Development Minister Winston Chitando, said there was a worrying streak of lack of …

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Beer maker pumps up the volume in Africa

JOHANNESBURG/BRUSSELS/LONDON. — Sitting outside the ramshackle Vimba Tavern in Johannesburg’s Alexandra township, Patrick Mashego swigs from a one-litre bottle of Carling Black Label, South Africa’s most popular beer. Rolled out by AB InBev across the country this year, the larger bottles are part of a plan by the world’s biggest …

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Surface Wilmar eyes Cottco

Tawanda Musarurwa Senior Business Reporter Surface Wilmar Group Zimbabwe is set to acquire a 50 percent stake in the Cotton Company of Zimbabwe (Cottco) and has plans to immediately  invest $100 million in the agro -industrial firm. Surface is a joint venture between the Singapore head-quartered agribusiness group, Wilmar and …

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FSG questioned over $69m fertiliser deal

FERTILISER, Seed Grain (FSG) managing director, Steve Morland was yesterday questioned by Parliament over how his company got the contract to supply fertiliser to the presidential input scheme, with legislators suspecting that the company had been handpicked without going through the required tender procedures. BY VENERANDA LANGA Morland appeared before …

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Chrome ore spurs minerals sales

MINERAL sales by volume increased by 29% to 592 179 metric tonnes (mt) in the first four months of the year, with most minerals registering a growth, statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ) show. BY MTHANDAZO NYONI Statistics from MMCZ show that a number of minerals in …

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Bank employees threaten strike

Workers in the banking sector have issued a two-week ultimatum to their employers demanding a 60% salary increase or they will embark on a strike. BY FIDELITY MHLANGA The workers, represented by the Zimbabwe Banks and Allied Workers Union (Zibawu) have already rejected a 3,46% increase. “Following the conclusion of …

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Banks ‘withdraw’ manual RTGS payments

A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies. BY MTHANDAZO NYONI Some of these banks include Nedbank Zimbabwe, Cabs, NMB, ZB Bank and Steward Bank. Nedbank Zimbabwe urged its customers to shift from manual …

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State-led industrialisation key for Africa

African Development Bank Group (AfDB) president Akinwumi Adesina has said State-led industrialisation will drive millions out of poverty, as the bank announced a $35 billion investment over 10 years to drive the industrialisation agenda. BY NDAMU SANDU IN BUSAN, SOUTH KOREA Speaking at the beginning of the bank’s annual meetings …

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