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Authorised Economic Operator programme

In line with international best practice and the Customs and Excise Act [Chapter 23:02] section 216B, Zimbabwe has implemented the Authorised Economic Operator (AEO) programme. Authorised Economic Operator AEO is a programme under the World Customs Organisation (WCO) SAFE Framework of Standards to secure and enhance international supply chain security …

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Procurement methods explained

Procurement methods. In most public procurement laws, policies, guidelines and manuals, procurement methods are identified by different names for groups of procurement categories. Generally, procurement of goods and construction works (sometimes including non-consulting services) are grouped separately from consulting services procurement. There are specific procurement methods identified for each group. …

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Gold prices up

Gold prices edged up from the previous session’s four-month low as a dollar rally relented and equities softened yesterday. Spot gold was up 0,1 percent at $1 273 an ounce by 1248 GMT after hitting its lowest since the end of last year at $1 265,90 in the previous session. …

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Oil prices steady

Oil prices steadied yesterday near six-month highs after data that showed US stockpiles rose to their highest since October 2017, countering fears of tight supply resulting from OPEC output cuts and US sanctions on Venezuela and Iran. Brent crude futures fell 17 cents to $74,34 a barrel by 11:00 a.m. …

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Govt to pursue local lithium beneficiation

Zimbabwe intends to vigorously pursue local value addition of its lithium resources to maximise export earnings from the mineral, a cabinet Minister has said. Lithium is used to make various items including special glasses and ceramics, lithium-ion batteries and can also be alloyed with aluminium and copper to make strong, …

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Turnall explores export markets

Kudakwashe Mhundwa Business Reporter Zimbabwe Stock Exchange (ZSE) listed roofing and building materials manufacturer, Turnall Holding, intends to increase its product range to include production and supply of non-asbestos roofing materials, as part of the group’s wider strategy to explore export markets. Asbestos products were blacklisted on the international market …

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‘Zim mobile data tariffs lowest’

Enacy Mapakame Business Reporter Zimbabwe has some of the lowest mobile data tariffs in the region, figures from the Communication Regulators Association of Southern Africa (CRASA) country report for 2018 show. According to the CRASA the price of 1 gigabyte (GB) of out of bundle mobile data in Zimbabwe is …

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OPC gives reform milestones at ZITF

Golden Sibanda Senior Business Reporter THE Office of the President and Cabinet (OPC) says it will highlight major milestones Government has achieved thus far in the ongoing doing business reforms programme when it exhibits at the 60th edition of premier trade facilitation event, Zimbabwe International Trade Fair (ZITF). Investor interest …

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Govt avails $6m livestock facility

Africa Moyo Senior Business Reporter GOVERNMENT has availed $6 million to the agriculture development bank, Agribank, to be used for the revival of the country’s wobbly livestock industry. Dubbed The Livestock Facility, the funds are expected to be accessed by qualifying livestock farmers across the country. On Tuesday, Agribank chief …

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Agribank targets $50m in foreign credit lines

BY TATIRA ZWINOIRA AGRIBANK is targeting between US$40 million and US$50 million in fresh lines of credit from international financial institutions for on-lending to exporters, the bank’s chief executive Sam Malaba has said. Speaking to NewsDay after presenting the bank’s financial results for 2018, Malaba said they had previously raised …

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