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Econet, YARA partner to inspire youth to join agri-food sector

Telecommunications giant Econet Group, in conjunction with global crop nutrition leader YARA International ASA, have launched the Generation Africa Initiative that aims to inspire young African entrepreneurs to join the agri-food sector for its viable business opportunities. The partnership initiative will support a cohort of 12 budding young agri-food entrepreneurs …

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Social media: Source of consumers pain

Business Reporter The traditional adage that the media (including the social) informs, educates and entertains is fast loosing relevance in Zimbabwe. The media, especially the social media, has arguably become a source of pain for Zimbabwean consumers and to some extent some formal businesses. The alarmist messages on social media …

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Power outages: Forests suffer as many turn to firewood

As electricity dries up as a result of drought for the second time in four years, Zimbabwe’s forests have already been vanishing for firewood rapidly. The latest power cuts mean that illegal loggers will only step up their game to feed the need for energy in low-income urban areas, causing …

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Poland offers new gateway for Zim students

Business Reporter Zimbabweans looking for an international study experience are increasingly looking to Poland, a visiting deputy chancellor from the European country has said. According to Dorota Stefanek-Langham, deputy chancellor for international studies at Vincent Pol University in the city of Lublin, 40 Zimbabwean students enrolled at her university last …

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‘ZETDC gets 136MW from IPPs’

Tawanda Musarurwa Senior Business Reporter The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is receiving 136 megawatts from Independent Power Producers (IPPs), Energy and Power Development Minister Fortune Chasi has revealed. The country’s energy regulator, the Zimbabwe Energy Regulatory Authority (ZERA), has licenced numerous IPPs, but only a handful have …

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Zim abstains from external borrowing

Zimbabwe will not borrow externally and will cut reliance on the central bank to finance deficits during an IMF staff-monitored programme in a bid to set a track record of fiscal discipline that could earn it future funding, the IMF said. The Government owes $8,8 billion to foreign lenders, $2,6 …

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‘Fidelity monopoly must go’

Golden Sibanda recently in Victoria Falls Small-scale gold producers have implored Government to end the monopoly of Fidelity Printers and Refiners, as Zimbabwe’s sole authorised gold buyer to improve bullion deliveries from the sector amid fears of rampant leakages. This comes as deliveries to Fidelity Printers and Refiners dropped 10 …

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Zesa engages Eskom over debt

Golden Sibanda recently in Victoria Falls Power utility Zesa Holdings will this week head to South Africa for crunch talks with fellow electricity supplier, Eskom, over a payment plan relating to a US$33 million debt for power imports. This comes as Zimbabwe is facing debilitating power shortages, which have prompted …

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Insurance workers demand 26% salary hike

BY FIDELITY MHLANGA THE National Employment Council (NEC) for the Insurance Industry is demanding upward individual salary adjustments of between 14% to 26%, depending on the grades of workers in that sector, NewsDay has established. The proposed salary hikes are a bid to cushion workers from rising costs and falling …

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Ruzvidzo takes over at CZI

Kumbirai Tarusarira Business Reporter Richmond Furniture boss Henry Ruzvidzo has been elected new president of the Confederation of Zimbabwe Industries (CZI). Mr Ruzvidzo has taken over from Mr Sifelani Jabangwe who has been at the helm since June 2017 having taken over from United Refineries chief executive officer Busisa Moyo. …

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