fastjet increases flights on Harare-Vic Falls route

Low-cost carrier, fastjet will add two flights between Harare and Victoria Falls next month amid growing demand for the service. BY BUSINESS REPORTER The additional flights will see the airline serving the route with twice-daily frequency, six days a week, with the only exception on Saturdays where the schedule remains …

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‘Councils major debtors to ZETDC’

Sukoluhle Ndlovu Midlands Correspondent LOCAL authorities owe close to 70 percent of the more than $1 billion consumer debts to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), an official said. Addressing delegates attending the ZETDC Southern and Western regions 2019 energy management symposium recently, ZETDC commercial director Engineer Ralph …

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Agritrade to contract 5 000 farmers

Munashe Matambo Business Reporter Tobacco contractor, Agritrade is planning to support over 5 000 small scale farmers in the next cropping season from 4 000 after recording its best season this year. This comes when Zimbabwe’s tobacco output is projected to surpass the targeted 200 million kilogrammes, hence the Agritrade’s  …

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Stakeholders’ roles in veld fire management

Veld fires have become one of the most topical environmental issues with terminal effects in Zimbabwe. Over the years, infrastructure and property worth millions of dollars have been lost in inferno. Agricultural produce such as maize, soyabean and wheat have been burnt down by fires thus compromising the nation’s food …

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SMEs still largely unbanked

Enacy Mapakame Business Reporter Emerging small to medium enterprises (SMEs) are still lagging behind in financial inclusion accounting for only 1 percent of the total bank accounts as at the quarter to March 2018. Figures from the Reserve Bank of Zimbabwe (RBZ) show that as of March 31, 2018, total …

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Move to beneficiate cotton, farmers urged

Livingstone Marufu Zimbabwe Farmers Union (ZFU) has demanded more  small scale cotton farmers’ participation in the processing of raw cotton into lint in order to improve their lives and productivity on farms as they would earn more money. This comes after private ginners have illegally bought Government contracted cotton from …

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IBWO hails ED’s policies

Golden Sibanda Senior Business Reporter INDIGENOUS Business Women Organisation (IBWO) has hailed President Mnangagwa’s policy thrust saying his proposed cocktail of reform measures and programmes, some already being implemented, will turn around the economy, transform the lives of poor people, create employment and grow exports among others. IBWO president Jane …

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POS machines population rises

Business Reporter Zimbabwe’s point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country’s number of automated teller machines (ATMs), in line with the Reserve Bank of Zimbabwe’s drive to …

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Ecobank to source more funds for critical imports

Ishemunyoro Chingwere  and Martin Kadzere ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling with serious shortage of foreign currency partly due to subdued exports resulting from low …

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Real Estate Winter School: Sustainability is the Agenda

Francis Chinjekure It’s that time of the year again, when real estate professionals from across Zimbabwe gather at the Winter School to share ideas and to discuss opportunities the sector presents and the challenges they face as they conduct their day to day business. Winter School is an annual event …

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