Local business warned

Ishemunyoro Chingwere Business Reporter Local businesses should scale up consumer relations etiquette or risk losing out on the expected influx of foreign businesses that are showing increased interest in investing in Zimbabwe, the Chartered Institute of Customer Relations Management (CICRM) has warned. Zimbabwe has had a litany of investment commitments …

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NBS loses 333 housing stands

Tawanda Musarurwa Property Reporter The National Building Society (NBS) has lost 333 stands in St Martins (Hatfield) after the Harare City Council moved to cancel an earlier agreement with the financial services provider. Last year, NBS and council agreed to a partnership that would result in the former getting access …

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Zim intensifies re-engagement efforts

President Mnangagwa has dispatched two special envoys to the Netherlands and Germany as Harare  intensifies its re-engagement agenda, a Cabinet Minister has said. The emphasis on re-engagement has been met with goodwill as the global community has shown eagerness to mend relations with Zimbabwe which  soured due to differences over …

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Investors seek cover as trade battles rattle world markets

LONDON. — Investors have sharply increased their use of hedging strategies, signalling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South Korea. Money managers say that mounting barriers to trade between the United States and trading partners — Washington’s latest …

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Global solar market could contract for the first time ever

Solar installations in 2018 may total 95 gigawatts, down 3 percent from a year earlier, based on the most conservative of three scenarios modelled by Bloomberg NEF in a report yesterday. For comparison’s sake, the typical nuclear reactor has about a gigawatt of capacity. The potential decline is a testament …

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Employ Hwange locals, ED tells ZPC

Africa Moyo  Business Reporter PRESIDENT Mnangagwa has directed the Zimbabwe Power Company (ZPC), which is set to start the expansion of Hwange Thermal Power Station, to employ Hwange residents so as to improve their living standards. The call comes at a time when the Hwange community, particularly youths, are up …

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Countries face higher debt bills due to climate risks

Countries that are vulnerable to climate change are paying significantly more to borrow from the financial markets, according to new research, as investors price in the risks. The most vulnerable developing countries have already paid more than $40 billion in additional interest payments on their governments’ debt because of their …

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Hwange guns for municipal status

Africa Moyo recently in HWANGE THE Hwange community is pleading with Government to award their town municipal status so that it can be run by a mayor, just like other towns across the country, to promote development. Currently, Hwange is led by the Hwange Local Board, a local authority created …

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IDBZ commissions Southern Region office

Oliver Kazunga Bulawayo Bureau THE Infrastructure Development Bank of Zimbabwe (IDBZ) yesterday officially commissioned its Southern Region office in Bulawayo, positioning itself to adequately steer infrastructure projects across the country. Finance and Economic Planning Minister Patrick Chinamasa said in a speech read on his behalf by his Permanent Secretary Mr …

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Nicoz minorities approve buy out

Golden Sibanda Senior Business Reporter Shareholders of Zimbawbe Stock Exchange (ZSE) listed short-term insurer NicozDiamond Insurance Limited (NDIL) have approved a proposal for a scheme of arrangement which will see First Mutual Holdings Limited increasing its stake in the company to 100 percent by buying out minorities. This comes as …

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