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Industry gets 80pc fuel

Africa Moyo Senior Business Reporter Industrialists say fuel availability has improved “significantly” in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing sector is getting up to 80 percent of fuel for their operations without hassles. Government reviewed fuel …

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Vaya launches free shuttle service to ZITF guests

Business Reporter ECONET’S Vaya mobility service has hit Bulawayo by storm, taking advantage of the Zimbabwe International Trade Fair (ZITF) to launch its new shuttle service by offering free rides to exhibitors, business people and professionals travelling to the trade fair by air. Throughout the trade fair week, Vaya will …

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Zim expects 200 million kg of tobacco

Zimbabwe’s tobacco output is expected to decline to 200 million kilogrammes this year owing to unfavourable weather conditions under which the crop was grown, the industry regulator has said. Last year, the country produced an all-time high of 252 million kilogrammes of tobacco, earning at least a billion dollars in …

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Agribank posts $13m profit

Africa Moyo and Michael Tome Agribank has recorded a 63 percent jump in profit after tax to RTGS$12,9 million for the year to December 31, 2018 spurred by growth in non-interest income and interest income. The State-owned firm, which has been enjoying a purple patch in the last few years …

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‘Policy reforms will transform economy’

Business Reporter Financial services group FBC Holdings Limited is confident that the fiscal and monetary policy interventions being pursued by Government will provide the bedrock for strong economic growth. The new dispensation has taken bold steps to rejuvenate the economy after years of stagnation by championing bold fiscal and monetary …

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Govt targets US$4bn in mining exports

Ishemunyoro Chingwere Business Reporter Zimbabwe is this year targeting a 28 percent increase in mineral export earnings as the sector gears towards Vision 2030 target of an annual haul of US$12 billion per annum by 2023. Zimbabwe last year racked in US$3,2 billion from mineral exports and this year Government …

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Deat Capital holds infrastructure Indaba

Golden Sibanda Senior Business Reporter Financial advisory firm, Deat Capital, is expected to hold an innovative infrastructure financing roundtable in Bulawayo today, bringing together municipalities, industry experts and stakeholders in Government. Infrastructure is the backbone of economies throughout the world and efficient and well-maintained infrastructure is critical in sustaining an …

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Oil hits 2019 high

Oil topped US$74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies. The United States is expected to say later on Monday that buyers of Iranian oil need to end imports soon or face …

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Gold rebounds from trough

Gold prices rebounded on Monday from a near four-month trough hit in the previous session as investors resumed trading after the Easter holiday, with the bullion gaining further traction on higher crude rates. Spot gold was up 0.3 percent at $1,278.64 per ounce, as of 0843 GMT, having touched $1,270.63 …

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New funeral services firm talks big

Fradreck Gorwe Business Reporter YOUNG people continue to heed Government’s call on them to explore opportunities and play a part in economic transformation through setting up vibrant small and medium businesses, in an attempt to achieve “Vision 2030”. Under “Vision 2030”, Government aspires to turn the country into an Upper …

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