Govt to launch transitional economic plan

Africa Moyo and Michael Tome GOVERNMENT plans to launch a Transitional Economic Stabilisation Programme mid next month, which is expected to set the tone for the attainment of a middle-income economy by 2030. This was said by Finance and Economic Development Minister Professor Mthuli Ncube  in Harare yesterday while addressing …

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Unclaimed pension benefits rise to $30m

Ishemunyoro Chingwere Business Reporter THE value of unclaimed pension benefits has risen to $30 million with about 48 000 pensionable claims on the books of insurance companies lying unclaimed, the Insurance and Pensions Commission (IPEC) has said. The continued rise in the figure has jolted the insurance regulatory board to …

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Asset management key to long-term financial planning

Tatenda Makoni In an effort to make life better, the Zimnat Group offers services essential for prudent wealth management, from insuring wealth to providing short-term financing solutions and long-term financial planning. This article seeks to explore the aspect of long-term financial planning. It demystifies the term “Asset Management”, as well …

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Econet celebrates 20 years of ZSE listing

Business Reporter Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbabwe’s biggest mobile network also became the largest company on the local bourse by market capitalisation. The company …

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Mini hydro scheme for Odzani

Kudakwahse Mhundwa Property Reporter The Infrastructure Development Bank of Zimbabwe (IBDZ) says it is ready to conduct a detailed feasibility study on the Manicaland Odzani-Mini Hydroelectric power project, which is expected to be a contributor to the national grid. The project which is located in Mutasa district near the Odzani …

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Four power producers approach Zera for licences

Michael Tome Property Reporter Four Independent Power Producers (IPP) have approached the Zimbabwe Energy Regulatory Authority seeking independent licenses to venture into electricity generation. The energy regulatory authority revealed this in notices published in the media this week. If implemented, Zimbabwe’s power deficit gap could be slashed significantly. Zimbabwe currently …

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Month-on-month inflation slows

Zimbabwe’s annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal upturn from the July 2018 figure of 4,29 percent. Month-on-month inflation also decreased by 0,59 percentage points to 0,39 percent in …

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Greenzone spreads to Chinhoyi

Michael Tome Integrated Financial services group, Old Mutual Zimbabwe, yesterday opened its eighth Greenzone and refurbished its CABS Branch in Chinhoyi. Greenzone is an arrangement where clients can access Old Mutual’s main financial and banking services under one roof. Speaking at the official opening of the Chinhoyi Greenzone yesterday, Old …

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Africa tech sector potential Chinese investment target

The cargo terminal of the Standard Gauge Railway line constructed by the China Road and Bridge Corporation and financed by Chinese government within at the Nairobi Terminus on the outskirts of Kenya’s capital Nairobi May 31, 2017. There is a general trend of decreasing foreign direct investment (FDI) in Africa. …

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$6m ethanol project takes shape

Golden Sibanda and Africa Moyo The National Oil Infrastructure Company of Zimbabwe (NOIC) is targeting to complete the construction of two ethanol storage tanks with capacity of 6 million litres at its Mabvuku Depot in Harare by end of December this year. NOIC said the fuel storage gantry, which comes …

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