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Boost horticulture output, farmers told

Africa Moyo Senior Business Reporter Local farmers can benefit from the $90 billion global horticulture sector and make rich pickings if they grow to standard, most of the demanded crops such as tomatoes and onions, ZimTrade CEO Mr Allan Majuru has said. Mr Majuru said this in Harare recently while …

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US, Australia endorse Zim tourism brand

Leonard Ncube in Victoria Falls Australian and United States’ consuls met tour operators in Hwange and Victoria Falls where they reaffirmed their countries’ renewed support for Zimbabwe as a safe destination. The US leads the arrivals pack in Victoria Falls and Hwange, commanding 35 percent while Australia is third after …

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Debt-distressed Marvo resumes operations

BULAWAYO’S stationery giant, Marvo Stationery Manufacturers (Marvo), has resumed operations on a small scale and is banking on an anticipated $1,5 million investment from a local unnamed investor to scale up production, NewsDay has established. BY MTHANDAZO NYONI Marvo was placed under judicial management in September 2014 due to debt …

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Zim banks line up climate finance

Climate Story Jeffrey Gogo Zimbabwean banks have lined up funding for climate projects in a big way. Much of the money is earmarked for projects that curb carbon emissions through renewable energy use in homes, universities, farming and businesses. A total of $220 million has been mobilised – or is …

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More gold resources at Blanket Mine

Business Reporter TORONTO Stock Exchange listed miner, Caledonia Mining Corporation, has upgraded the resource base at its local gold mining unit, Blanket Mine by 13 percent, taking the miner’s total resource endowment to almost 1,8 million ounces. The upgrade will result in longer term life of mine plan at Blanket …

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The future is in Africa, China already knows it

During the past decade, China has been investing a lot of money in sub-Saharan Africa: Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion is understandable. But although …

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Potraz donates $65k to albinos, cancer patients

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) last week donated $65 000 in medical support to children living with albinism and those affected by cancer. BY FREEMAN MAKOPA Alfred Marisa In a speech, Potraz acting director general Alfred Marisa (pictured) said his organisation was committed to assisting the …

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Understanding investment risk

Risk is the possibility of financial loss. Below are some of the most common investment risks: Capital risk — the risk of not getting your initial investment money back. Currency risk — the risk associated with currency movements against that which your investment is based on. Inflation risk — the …

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Questions over AMA bills

ANALYSTS have raised concern over public debt sustainability after the Agricultural Marketing Authority (AMA), a wholly-owned State institution, announced it was issuing commercial bills of up to $75 million to finance the purchase of maize. BY TATIRA ZWINOIRA Others questioned the sustainability of purchasing the grain at double world market …

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Price hikes seasonal: CZI

Golden Sibanda Senior Business Reporter Zimbabwe’s two major business member groups say price increases witnessed recently across a range of basic goods are largely seasonal but other increases for non-basic goods can be a result of forex shortages. However, officially opening the First Session of the Ninth Parliament on Tuesday, …

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