ATA to double production levels

Enacy Mapakame Business Reporter Appropriate Technologies Africa (ATA) expects to more than double production volumes in the medium-term through mechanising Zimbabwe’s small to medium enterprises (SMEs). ATA manufactures a variety of industrial equipment – including grinding mills, diesel generators, electric motors, submersible pumps and others — targeting small businesses in …

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Gold slips on stronger dollar

LONDON. — Gold dropped back below key support of $1 200 an ounce yesterday, undermined by a firmer dollar following strong US economic data. Spot gold was down 0,8 percent at $1 197,25 an ounce at 1400 GMT, while US gold futures shed 0,6 percent to $1 203,90 an ounce. …

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Rand falls

JOHANNESBURG. — South Africa’s rand tumbled to its weakest in more than a week on Thursday as financial crises in Turkey and Argentina rattled sentiment toward emerging markets and stoked another wave of selling on the local currency. “The entire EM is a sea of red,” said currency trader at …

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Govt urged to relax visa regime to promote tourism

THE Hospitality Association of Zimbabwe (HAZ) has urged government to, among other things, revisit visa regime issues and relax some of the requirements in a bid to open gates for potential visitors into the country. BY MTHANDAZO NYONI Zimbabwe uses a migration management system with a three tier visa model …

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EcoCash launches scan-and-pay service

ECONET Wireless Zimbabwe (Econet) yesterday launched EcoCash scan and pay service, a big mobile commerce milestone in the country, which will enable users to scan and pay with their smartphones at the point of sale. BY KUDZAI MUCHENJEKWA Natalie Jabangwe EcoCash’s new scan-and-go mobile shopping capability is a transformative technology, …

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Zim, Germany renew economic co-operation

GERMANY believes that President Emmerson Mnangagwa’s government marks a new beginning for Zimbabwe and is eager to explore areas of economic cooperation with the country. BY FIDELITY MHLANGA Finance and Economic Development minister Patrick Chinamasa (left) and Germany minister of Economic Co-operation and Development Gerd Muller addressing the media on …

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Govt wields axe on AMA

Africa Moyo Senior Business Reporter Government is set to restructure the Agricultural Marketing Authority (AMA), as it seeks to resolve the challenges confronting farmers in marketing their produce. This was announced by both President Emmerson Mnangagwa and Vice President Constantino Chiwenga yesterday in separate addresses during the 6th Annual National …

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July trade deficit reaches $1,5 billion

Business Reporter The country’s trade deficit for the six months to July 2018 went up 36 percent to $1,5 billion from the comparative prior year as imports continue to grow at a faster rate than exports, data for the first seven months of the year (excluding January) released by Zimstats …

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Econet launches EcoFarmer club

Business Reporter Econet Wireless Zimbabwe yesterday launched the EcoFarmer Club, which offers farmers access to a bundle of services that include agricultural commodity prices, valuable farming tips, relevant local weather information and a mobile trading platform which links farmers to buyers. Speaking at the launch of the EcoFarmer Club in …

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Rand falls

JOHANNESBURG. — South Africa’s rand weakened in early trade on Wednesday as investor optimism over the US-Mexico trade deal was dimmed by concerns that the China-US trade war will drag on for some time, hurting appetite for riskier assets. At 0643 GMT, the rand traded at 14,3000 per dollar, 0,49 …

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