ICT infrastructure deployment vital: Kazembe

Enacy Mapakame recently in Zhombe The deployment of Information and Communications technology (ICT) infrastructure is a key priority on the nation’s agenda and the realisation of Zimbabwe’s Vision 2030, as the country moves towards 100 percent network coverage, a senior Government official has said. Zimbabwe envisions an upper middle-income economy …

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Hwange loss widens despite revenue jump

Enacy Mapakame Business Reporter HWANGE Colliery Company Limited (HCCL) recorded a 27 percent jump in revenue to US$69 million driven by firm sales volumes, despite widening losses for the year to December 31, 2018. The coal miner’s sales volumes jumped 25 percent, closing the year at 1,5 million tonnes to …

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‘Bad deals raise Govt liabilities’

Tawanda Musarurwa Individuals with the right skills should be involved in the negotiations for deals or loans as badly negotiated deals are giving Treasury long-term accounting problems, Finance and Economic Development permanent secretary George Guvamatanga has said. “A critical problem is inadequate legal coverage of contingent liabilities. In most cases …

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Mugabe dairy firm sings the blues

ALPHA Omega Dairy, a company owned by former President Robert Mugabe is singing the blues with operations at below capacity and low uptake of its products in the market. The former Zanu PF strongman was pushed out by the military and his party to resign from the presidency in 2017 …

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C-TRADE to host investors’ conference

INVESTORS are the back-bone of any capital market. They not only determine the level of activity in the capital market but also inform the level of activity in the economy. It is imperative for the healthy growth of the economy that investors’ confidence in the market is maintained. There exists …

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Hwange widens after-tax loss by 80%

STRUGGLING coal miner, Hwange, widened its after-tax loss by 80% to US$78,4 million in the year ended December 31, 2018, down from US$43,8 million in the previous year as the company failed to meet market demand and contain rising input costs. The company was placed under reconstruction last year. In …

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Mining fees still to be reviewed

MINES minister Winston Chitando has disclosed that government has not yet increased statutory mining fees, but was in the process of reviewing them. “The long and short of it is mining fees have not been increased. There is a proposal discussion within the Mines ministry to review the mining fees …

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Gweru partners Holiday Inn to build hotel

Stephen Chadenga Gweru City Council has partnered Holiday Inn to construct a hotel in the Midlands capital, a senior council official has said. Acting finance director Owen Masimba said the local authority was working on the lease agreement on the land that is to be given to Holiday Inn for …

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Zimbabweans eating less as economy deteriorates

BY TATIRA ZWINOIRA THE widening gap between prices of food and stagnant wages has led to 44% of poor households in the urban areas spending more of their incomes on food, from 16% in 2016, a USAID official has said. Speaking at a public discussion forum on the economic decline …

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Wars in our lives

Opinion Oskar Wermter SJ MOST of us who are close to 80 years survived the Second World War, including the nuclear bombing of Hiroshima and Nagasaki, and countless other wars in Korea, Vietnam, on the Indian subcontinent, in Central America, in the Middle East and last, but not least, in …

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