Insurance Companies must provide quality service

Standards Association for Zimbabwe (SAZ)’s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers. BY KUDZAI MUCHENJEKWA Speaking at the Champions Insurance company’s ISO certification ceremony in Harare, Gadzikwa said:“What is the significance for this certification? For me the …

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OneMoney spurs NetOne Q1 active subscriber base

MOBILE telecommunications firm, NetOne, says its mobile financial service — OneMoney — increased its active subscribers by more than 49% in the first quarter of the year, due to the increase in the use of electronic money in the country. BY MTHANDAZO NYONI The company’s executive marketing and corporate affairs, …

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‘Govt to support import substitutions’

Ishemunyoro Chingwere Business Reporter President Emmerson Mnangagwa yesterday said the manufacturing sector should use locally produced raw materials and other consumables in their operations and his Government will make efforts to support businesses that strive to produce these substitutes. Speaking after touring Delta Corporation’s lager beer manufacturing plant in Harare, …

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Cotton makes a comeback

Business Reporter Zimbabwe’s cotton deliveries have reached 100 000 tonnes – surpassing last year’s national output of 74 000 tonnes, The Cotton Company of Zimbabwe has said. At its peak in 2013, the country produced 352 000 tonnes of cotton, but plummeted in recent years chiefly due to poor funding. …

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Govt to upgrade, build new airports

Africa Moyo Business Reporter Government has lined up several airport and aviation infrastructure projects, which will see the modernisation and construction of brand new commercial airports, as part of measures to attract more tourists. The move will see Government acquiring more land in areas targeted for such infrastructure projects including …

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Firm eyes $1m machinery upgrade

Business Reporter One of the country’s leading manufacturer and supplier of stationery products, Rank Zimbabwe, plans to inject approximately $1 million into a new machinery that will among other things allow the company to double its capacity for the manufacture of exercise books, a company official said. In a presentation …

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GMB urges farmers to sidestep middlemen

The Grain Marketing Board has implored farmers to deliver grain to their nearest depots and collect points than sell to the middlemen as the producer price is only meant to benefit the real farmers. GMB said it was illegal for middlemen to buy grain from farmers and deliver to the …

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China’s global building spree runs into trouble

LAHORE, Pakistan. — Pakistan’s first metro, the Orange Line, was meant to be an early triumph in China’s quest to supplant US influence here and redraw the world’s geopolitical map. Financed and built by Chinese state-run companies, the soon-to-be-finished overhead railway through Lahore is among the first projects in China’s …

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Sustainable planning crucial for cities

Enacy Mapakame Property Reporter Zimbabwe needs to apply sustainable town planning to its cities and towns to enable efficient use of urban space, experts in the real estate and urban planning have said. There has been a rapid urbanisation not only in Zimbabwe, but the rest of the Sub-Sahara African …

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Short-term money crippling industry

Tawanda Musarurwa Senior Business Reporter Critical sectors of the local economy are largely struggling to get access to affordable bank financing as deposits are largely dominated by short-term money. Financial experts say short-term money typically increases demand by allowing capital liquidity to be more available through the lending system, but …

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