NRZ property revenue rises

Africa Moyo recently in BULAWAYO THE National Railways of Zimbabwe (NRZ) is working on increasing its revenue streams by expanding its property portfolio, whose revenues soared to $5,67 million last year from $3,3 million in the prior year. NRZ has several properties dotted across the country and the company is …

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How to gauge real estate market health

When gauging the health of a real estate market, it’s tempting to focus on sales numbers, and median and average prices. But to determine the resiliency of a location, and the potential for returns on investment, there are indicators beyond sales prices and supply and demand that should be factored …

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Why US economy is roaring

Every year, the Federal Reserve conducts a massive survey of US households to paint a portrait of their economic habits and spirits. The recently published findings for 2017 are worth examining for what they say about who should – and shouldn’t – get credit for the resilient US economy. Hint: …

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Demand for residential properties grows

Enacy Mapakame Property Reporter Listed property firm Mashonaland Holdings Limited says it has made progress on the development of two residential projects in Ruwa and Harare during the six months to March 31, 2018, as it taps into the growing demand for residential properties. Chairman Ron Mutandagayi said the firm …

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RBZ ups water infrastructure development support

Livingstone Marufu Property Reporter Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, yesterday said the apex bank will continue to support water infrastructure development in the country to mitigate the effects of draught and increase production in the agriculture sector. This development comes at a time when the country is …

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Govt pushes for increased spectrum in ICT

Taurai Mangudhla in Victoria Falls Zimbabwe is pushing for additional spectrum to support growth for its broadcast and information communication technology (ICT) industry, permanent secretary in the Ministry of Information Communication Technology and Cyber Security, Engineer Sam Kundishora has said. Additional spectrum provides Zimbabwe and Africa with business opportunities and …

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Time Bank fights land grab

Golden Sibanda Senior Business Reporter TIME Bank shareholders have filed an urgent chamber application at the High Court seeking suspension of earlier court judgments in a case which went in favour of a party claiming to have been allocated one of their (residential) properties under Government’s land reform programme. However, …

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Bad corporate governance affecting investment

FAILURE by local companies to adhere to good corporate governance practices has stifled efforts to attract capital for retooling among other things, a financial expert has said. BY MTHANDAZO NYONI Institute of Chartered Secretaries and Administrators in Zimbabwe chief executive officer, Farai Musamba, told NewsDay on the sidelines of the …

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Golix looks outside Zim to stay alive

ZIMBABWE’S cryptocurrency exchange, Golix, has turned to Kenya, South Africa and Uganda to continue trading its cryptocurrencies as it continues to battle for survival following a ban on its local operations by the central bank . BY MTHANDAZO NYONI In a statement, Golix head of growth Panashe Tapera said moving …

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Zim entrepreneur launches agric online investment platform

A United Kingdom-based Zimbabwean investor, Michael Matope, says he is in talks with foreign financiers to raise about £250 000 ($334 583) to expand his recently launched online agricultural crowd sourcing investment platform, Farmvest. BY TATIRA ZWINOIRA Matope introduced Farmvest recently under his tech company, Mitah Group, to help small-scale …

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