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‘Ditch old equipment and invest in new’

Africa Moyo Senior Business Reporter Zimbabwe must consider investing in new manufacturing equipment as opposed to “resuscitating” old and dilapidated equipment, if production is to be increased, riding on improved efficiencies, according to Higher and Tertiary Education, Science and Development Professor Amon Murwira. He said this and other policy interventions …

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Cassava Smartech unveils education insurance cover

Cassava Smartech has launched an education insurance cover product called Enda Education Cover, an official has said. By Freeman Makopa The launch of the Enda Education product, which is underwritten by Econet Life, Cassava Smartech’s Insurtech arm, offers a school fees benefit for primary and secondary education in the event …

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CABS is the top bank

FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population. By Kuda Chideme Cabs branch sales and distribution head Charity Zvokuomba holds the best performing bank award at the Zimbabwe Independent-organised Banks and …

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CABS is the top bank

FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population. By Kuda Chideme Cabs branch sales and distribution head Charity Zvokuomba holds the best performing bank award at the Zimbabwe Independent-organised Banks and …

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Fixing Egypt’s debt will not be easy

On November 7, in response to ballooning public debt, the Egyptian government announced a new package of austerity measures, including liberalising the price of bread flour as of January 1, 2019, and raising the price of Cairo metro tickets as of December 2019 following a similar fare hike in May. …

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UN climate talks open amid rising global temperatures

Climate Story Jeffrey Gogo When the UN climate change conference opened in Katowice, Poland, on December 2, news that the year 2018 was on course to be the fourth warmest on record made for an uncomfortable background to the annual negotiations. The State of the Climate report, published by the …

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‘Resolve forex repatriation bottlenecks’

Golden Sibanda Senior Business Reporter ZIMBABWE should institute urgent measures to eliminate bottlenecks choking repatriation of foreign currency by foreign companies if Harare is serious about attracting significant Foreign Direct Investment (FDI) inflows, a top Chinese official has said. This comes as it emerged that an unnamed Chinese firm wants …

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Nampak reports profit jump

Michael Tome Business Reporter Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) profit for the year up to September  jumped 89,3 percent to $14,5 million from $7,6 million in the prior period despite difficulties in accessing foreign exchange. Buoyed by exceptional performance from its operating units Mega Pak, Softex …

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Thumbs up for Mthuli

Africa Moyo Senior Business Reporter THE cost-cutting measures announced by Finance and Economic Development Minister Professor Mthuli Ncube are expected to restore confidence in the economy while also trimming budget deficit, analysts have said. Prof Ncube unveiled a raft of cost-containment measures including a 5 percent salary cut for top …

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Telecoms sector on growth path, revenues exceed US$1billion

Zimbabwe’s telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country’s gross domestic product (GDP) in 2017, the industry regulator has said. Melody Chikono Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director-general Gift Machengete told the Parliamentary Committee on Information, Communication and Technology …

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