Five more Slices in pipeline

SLICE Distributors (Private) Limited will roll out five more fast food outlets to push its total number to 17 nationwide by year end, NewsDay has learnt. BY TATIRA ZWINOIRA Currently, Slice Distributors has 12 outlets across the country consisting of mainly the Chicken Slice and Pizza Slice brands. In an …

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Promoting savings culture in Zimbabwe indispensable

Since time immemorial, generations have been saving. And going down the memory lane, lessons can be learnt from the Zunde raMambo concept from the Zimbabwean tradition where the kings store and preserve a strategic reserve of food to help people in times of need. The concept of matura (silos) was …

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ZimCoke revives ZiscoSteel’s Coke plant

Tawanda Musarurwa ZimCoke (Pvt) Limited plans to invest $133 million towards resuscitation of the Coke Oven Battery plant segment of the defunct steelmaker, ZiscoSteel. At full tilt the project is expected to produce 500 000 tonnes of coke annually, for both local usage and the export markets. ZimCoke chief executive …

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ZimCoke to take over govt debt

ZIMCOKE (Private) Limited will take over part of the debt that the government of Zimbabwe owes to German Development Bank (KfW) amounting to $225 million. BY KUDZAI MUCHENJEKWA On Friday, ZimCoke had an official ground-breaking ceremony at Zisco steel plant which was last functional in 2008, taking over the plant …

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Parastatals need clear vision to succeed: Mbigi

STATE enterprises and parastatals would never be turned around unless Zimbabwe, as a country, has a clear vision, professor of business and public management, Lovemore Mbigi has said. BY MTHANDAZO NYONI Giving his presentation on the topic: Parastatals reforms-is privatisation a solution or the panacea at the Institute Chartered Accountants …

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Metbank partners small-scale miners

Ishemunyoro Chingwere Business Reporter Small-scale miners represented by the Zimbabwe Miners Federation (ZMF), have signed a deal with financial services provider, Metbank Limited that will see the later coming on board as the miners’ official financial advisor. The bank will also take up a fund raising role for the miners’ …

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President takes ‘Zim is open for business’ to BRICS

President Mnangagwa  on Friday invited BRICS countries to exploit massive investment  opportunities in Zimbabwe while affirming the readiness of the country  to collaborate in projects aimed at driving regional and continental  integration. The BRICS, an acronym for a grouping of the leading world emerging  economies namely Brazil, Russia, India, China …

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OK Zim revenue up 20pc

Enacy Mapakame The country’s biggest retail group, OK Zimbabwe’s revenue for the first quarter of the financial year 2019 rose 20 percent above same period last year as the group maintains the growth trajectory reported at its year end. Briefing shareholders at the group’s annual general meeting in the capital …

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Forests suffer amid tobacco record-breaking euphoria

Climate Story Jeffrey Gogo “We aren’t really concerned about planting trees,” says one smallholder tobacco farmer — whom we shall call Jessica — from the Headlands. Jessica lives in Sherenje village along the highway to Chiendambuya in the Headlands, an old farming town sandwiched between Harare and Rusape, about 140km east …

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Consumers, soybeans fuel US second-quarter growth

WASHINGTON. — The US economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. Gross domestic product increased at a 4,1 percent …

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