CAAZ sheds light on Turkish Airlines deal

Civil Aviation Authority of Zimbabwe’s acting general manager, Tawanda Gusha has said Turkish Airlines has not made any formal communication with Zimbabwe to establish flights between Harare and Turkey despite reports the deal is nearing fruition. BY TINOTENDA MUNYUKWI/ TAFADZWA MUTACHA In 2016, there were reports that Turkish Airlines would …

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SA healthcare set for major overhaul

South Africa’s health-care system may face a major overhaul as the government moves ahead with plans to implement mandatory national insurance and reduce the cost of private care. The revamp is part of an effort to broaden access to treatment in a country where more than 80 percent of the …

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Govt spearheads green agriculture

Ishemunyoro Chingwere Business Reporter The Office of the President and Cabinet is spearheading the mainstreaming of green innovations in agriculture to mitigate the effects of climate change to agricultural performance and the economy. President Mnangagwa’s Government is pushing for economic development across all sectors, which should consequently propel Zimbabwe to …

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Hwange Colliery to get new board

Ishemunyoro Chingwere Business Reporter The Minister of Mines and Mining Development, Winston Chitando, has nominated six people Government wants appointed into the Hwange Colliery Company board. The nomination came at a time when Government is working towards resuscitating the 119-year-old coal miner, which is confronted with a myriad of problems, …

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Micro-finance firm raises $5 million capital

Business Reporter Micro-financE firm Untu Capital, has raised its targeted $5 million in an issuance of tradable bonds after successfully issuing the third and final tranche of $2 million on the Financial Securities Exchange (Finsec). Bonds are a debt instrument offered to the market to raise capital. Initially, Untu Capital …

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Complex shareholding stalls Zimre bundling

Tawanda Musarurwa Business Reporter A complicated shareholding structure in Zimre Holdings Limited’s regional subsidiaries is stalling the group’s move to consolidate all of its operations in new offshore company, Emeritus International Reinsurance Company. ZHL is in the process of a monolithic rebranding of its reinsurance operations under the Emeritus Reinsurance …

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‘Original Mazoe back in July’

Business Reporter Schweppes Zimbabwe expects the original Mazoe to be back in shops by end of July as the firm needs time to prepare and print labels for the distinct original brand, managing director Charles Msipa has said. Mr Msipa told journalists on Friday that the company had listened to …

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IPEC targets 7 percent insurance penetration

Enacy Mapakame Business Reporter The Insurance and Pensions Commission (IPEC) is targeting insurance penetration to reach 7 percent by 2022 compared to the current 4,7 percent on the back of an anticipated economic growth. Zimbabwe remains in top five in the region in terms of insurance penetration. The growth will …

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ED to commission Hwange project

Africa Moyo Business Reporter President Mnangagwa is on Wednesday expected to preside over the ground-breaking ceremony for the expansion of Hwange Thermal Power Station, which is estimated to cost $1,5 billion. The expansion project will see two more generating units, 7 and 8, being constructed with each generating 300MW of …

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