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First Mutual medical aid premiums up 35 percent

Africa Moyo Senior Business Reporter FIRST Mutual Health is set to increase medical aid monthly contributions by 35 percent with effect from March 1, 2019, as it seeks to track spiralling drug and hospital fees. In a letter to corporate clients dated January 29, First Mutual said it has borne …

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Batoka comes to life — Mthuli

A flurry of activity over the Batoka Gorge Hydro-Electric project is expected in the next few weeks amid indications that the updating of feasibility studies would be concluded at the end of the first quarter. Once the feasibility studies have been updated, resource mobilisation would begin in earnest, with the …

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ZPC to start Harare re-powering project

Golden Sibanda Senior Business Reporter The Zimbabwe Power Company (ZPC) will commence re-powering project for Harare Power Station (generator number 2) in the first quarter of this year in a development that will add 60 megawatts to the national grid and further cut imports. This comes after the US$533 million …

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Chinese tile maker seeks waiver on capital equipment

CHINESE-owned ceramic company, Sunny Yi Feng, which is constructing a tile manufacturing plant in Norton, has pleaded with the Zimbabwe Revenue Authority (Zimra) to consider waiving duty on the importation of capital equipment. Addressing journalists during a familiarisation tour of the plant on Tuesday, managing director William Gung said the …

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Econet injects $45 million in solar project

UGESI Energy, a pan-African company within the Econet Energy Group, is targeting to invest $45 million in the first phase of its community solar programme launched in Bulawayo yesterday, an official has said. Speaking to journalists on the sidelines of the project launch, Econet Energy Group executive Norman Moyo said …

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Govt committed to easing cost of doing business

Michael Tome Business ReporterGOVERNMENT is committed to reducing the cost of doing business as the country seeks to attract and retain foreign direct investments, Industry and Commerce Minister Nqobizitha Ndlovu has said. Minister Ndlovu said this during a tour of Sunny Yi Feng Tiles Zimbabwe (Pvt) Ltd’s factory in Norton, …

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Econet launches Ugesi rural electrification programme

Own CorrespondentEconet has launched a ground-breaking, rural electrification programme worth millions of dollars under the name Ugesi Energy, that is set to help transform rural enterprises and create employment. Ugesi is the second Econet energy business following the successful launch two years ago of Distributed Power Africa (DPA), the group’s …

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Electricity situation under control: Zesa

Nesia Mhaka Business ReporterZimbabweans should not panic over the availability of electricity following resumption of rolling power blackouts in South Africa, amid indications the country now has the bulk of its power needs after refurbishing and expanding key generation infrastructure. Hwange Thermal Power Station and the Kariba South Hydropower Plant, …

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Buy Zimbabwe happy with Government support

Enacy Mapakame Business ReporterBuy Zimbabwe says it is satisfied with the progress Government is making in value chains development across sectors, as a means to boost industry and achieve an all-inclusive growth. Value chains are crucial to industry due to their focus on the sub-sectors that are most relevant for …

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Govt urged to re-align departments

Kudakwashe Mhundwa Business ReporterGovernment needs to re-align its departments and ensure they belong to correct ministries so as to ensure efficiency in the way it conducts business, Speaker of the National Assembly Advocate Jacob Mudenda has said. Speaking at an awareness workshop on the African Continental Free Trade Area held …

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