Coffee production plummets

ZIMBABWE’s coffee production has declined by 16% to 430 tonnes in the 2017/18 season mainly due to price volatility and high costs of production, an official has said. By FREEMAN MAKOPA In the previous season, production was 510 tonnes. Department of Research and Specialist Services principal research economist, Freeman Gutsa …

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IDCZ courts prospective suitors

THE Industrial Development Corporation of Zimbabwe (IDCZ) is in talks with prospective investors who have expressed interest to invest and take up part of or all of its shareholding in its subsidiaries, an official has said. BY FREEMAN MAKOPA “Five companies — Deven Engineering, Allied Insurance, Zimbabwe Grain Bag, Chemplex …

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AAC purchase to spur Alexander Forbes

ALEXANDER Forbes Group Holdings Limited chief executive officer Andrew Darfoor says acquiring African Actuarial Consultants (AAC) will grow his company into a regional powerhouse in actuarial consultancy in the region. BY TATIRA ZWINOIRA “We have taken a significant share in the business (AAC) and the emphasis is that we want …

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Agoa shreds Archer’s US dream

BULAWAYO textile giant, Archer Clothing Manufacturers’ efforts to push for more exports into the United States (US) were hampered by Zimbabwe’s ineligibility under the African Growth and Opportunities Act (Agoa), an official has said. BY MTHANDAZO NYONI Agoa was signed into law in 2000 to offer tangible incentives for African …

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New cupboard doors an instant facelift

We all dream of a brand new spangled kitchen – clean as a dream – stylish and sophisticated. When you consider the saying the way to a man’s heart is through his stomach, it’s not surprising that kitchens are the very heart of our homes. They are where families gather, …

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US economy is growing but . . .

The US economy is growing but corporate profits are not, according to data released last week. That’s disappointing for stockholders. On the other hand, we just saw a string of years when profits outpaced economic growth by a mile. So, the two figures can diverge for a long time . …

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Import relaxation worsens trade deficit

Enacy Mapakame BH24 Reporter A relaxation of Statutory Instrument 64 of 2016 (SI64) that restricts the importation of goods that can be produced locally has contributed to a widening of Zimbabwe’s trade deficit during the first four months of this year, analysts say. The gap between exports and imports rose …

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‘We have enough water’

The rains are now over and it is once again that time of the year when the water harvested during the wet season counts. The dry season is a period when the country receives little to no rains and has to rely on water stored in reservoirs such as dams …

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Political conditions excite investors

Africa Moyo Business Reporter HIGH value investors continue to be charmed by the prevailing political environment brought by the new dispensation, and are stampeding for investments particularly in the mining sector. This comes as Tharisa, which is listed in South Africa and England, announced on Wednesday that it had snapped …

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Closing speech for the 71st World Health Assembly

Dr Tedros Adhanom Ghebreyesus Director-General of the World Health Organisation, Geneva President of the Assembly, Dr David Parirenyatwa, Excellencies, Ministers, Heads of delegation, ladies and gentlemen, friends, staff of WHO. Sometimes the challenges of our world can feel overwhelming. Poverty. Hunger. Inequality. Pollution. Violence. War. Disease. But we come together …

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