Virginia tobacco exports reach $184m

Tawanda Musarurwa Senior Reporter— Zimbabwe has so far earned $184,3 million after exporting 45,2 million kg of tobacco to 49 countries, a setback of 76 million on export earnings realised during the same period last year. According to Tobacco Industry and Marketing Board (TIMB) during the same period in 2017 …

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‘Intensify fight against corruption at ports of entry’

The Government should  intensify efforts to rid corruption at boarder posts to curb  smuggling  of goods into the country which is negatively affecting production in  industries, Zimbabwe National Chamber of Commerce (ZNCC) has said  . Smuggling of second hand clothes over the years has severely affected the textile industry, threatening …

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Maize deliveries reach 214k tonnes

Martin Kadzere Senior Business Reporter— Farmers have delivered nearly 214 000 tonnes of maize to the Grain Marketing Board since the beginning of the season in April, a senior official has said. The average weekly deliveries are 4 000 tonnes, higher than last year’s, Deputy Minister of Lands, Agriculture and …

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UK’s Tharisa seeks Zim project status

Golden Siband Senior Business Reporter— Tharisa Holdings, one of the world’s largest chrome and platinum producers listed on the London Stock Exchange’s main board, says it is seeking national project status ahead of commencing exploration work on its 90 percent owned Salene Chrome property in Zimbabwe. In May 2018, Tharisa …

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‘Illicit financial flows lead to budget deficit’

THE Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it hinders government’s ability to fund critical economic areas. BY VENERANDA LANGA This came as Zimbabwe is said to be losing …

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Continuous importation of forex fuels blackmarket

ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market. By MTHANDAZO NYONI This comes as Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya (pictured) recently told State media that the central …

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Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters. BY MTHANDAZO NYONI Speaking during the ZimTrade-Banks exports awareness seminar recently, Nedbank Zimbabwe acting business manager Patience Kadivirire revealed that the …

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CABS’ perspectives on getting mortgages

IF you are building or buying property, there are several steps that you need to follow to be able to get a mortgage facility. There are also a number of mortgage options depending on your requirements.  What you need to know according to CABS as posted on Old Mutual Zimbabwe’s …

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Climate change takes toll

Jeffrey Gogo Climate Until now, the effects of climate change in Zimbabwe have mostly been looked at as a thing for the poor, particularly for rural farmers.  But large industrial companies are now starting to take a hit, as extreme climate events drag profits down. Seed Co Ltd, the Zimbabwean …

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Nyaradzo introduces diaspora package

Tawanda Musarurwa Diversified insurance group, Nyaradzo Life Assurance Company has launched a pioneer product, the Sahwira International Plan (SIP) that will cater to Zimbabweans living in the Diaspora across the globe. The SIP will bridge the gap and give those living abroad the opportunity to be present for the burial …

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