Government urged to prioritise local contractors

The construction sector has urged government to engage local contractors in its major construction projects to avoid the drainage of foreign currency through foreign tenders, according to Zimbabwe Building Contractors Association (ZBCA) president, Ramson Nherera. BY STEPHEN CHADENGA Speaking on the sidelines of a ZBCA Midlands region business dinner held …

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NetOne board dissolved

Government has dissolved the NetOne board. BY TATIRA ZWINOIRA The decision came hardly two months after the suspension of chief executive officer Lazarus Muchenje, who also accused the board of breaching corporate governance principles. Muchenje is challenging his suspension and the case is being heard today. NetOne is one of …

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Drugs, health care now priced in US dollar

THE Association of Healthcare Funders of Zimbabwe (AHFoZ) says medical aid societies and pharmacies have started demanding payment in United States dollars, compromising health, quality of life and labour productivity. BY MTHANDAZO NYONI The association said it had received reports that some medical practitioners and hospitals had started demanding payment …

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Govt, business consult on Africawide FTA

GOVERNMENT has opened consultations with industry on rules of origin (RoO) for the ambitious African Continental Free Trade Area (AfCFTA) aimed at promoting duty-free flow of goods and services originating in the bloc. BY MTHANDAZO NYONI The consultations, which are being convened by the Ministry of Industry and Commerce, commenced …

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Know your role in veld fire management

Veld fires have become one of the greatest environmental challenges of our time, causing so much destruction to Zimbabwe’s natural resources, property and human life. In the past decade, 104 lives have been lost as a result of veld fires during the dry season. This environmental issue has also impacted …

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Local firm spreads tentacles

Business Reporter CUMII Technologies, an Econet Group internet of things (IoT) company that provides on-demand services, has expanded its continental footprint after launching its Business-to-Business Tasknites programme in Ethiopia recently. The organisation, which already has presence in Botswana, Rwanda, Malawi, Zambia, Burundi, Kenya, Tanzania and South Africa, provides low-cost research …

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Bread, transport fares up

The price of bread has gone up while transport fares have also moved northwards, a clearest sign of increased economic turmoil coming on the back of recent monetary and fiscal policy measures. BY TATIRA ZWINOIRA It now costs $1,50 to buy a standard loaf of bread, 50% more expensive and …

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Govt to stimulate FDI with global tenders

FINANCE minister Mthuli Ncube says government will accelerate the reform of State-owned Enterprises (SoEs) and parastatals, starting with quick hits such as TelOne, NetOne and the People’s Own Savings Bank (POSB), which will be shed-off “in the next six months”. BY FIDELITY MHLANGA SoEs and parastatal reform is a key …

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More exhibition space for Mine Entra, rates slashed

THE Zimbabwe International Trade Fair (ZITF) Company has opened more exhibition space for the Mining, Engineering and Transport (Mine Entra) expo taking place this week to accommodate more exhibitors after a record spike in occupancy on rising business confidence in the sector. BY MTHANDAZO NYONI The expo will run from …

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