ZimTrade’s push pays dividends

ZIMTRADE, the country’s export promotion body, has been conducting market surveys in countries around Africa to identify trade and investment opportunities for Zimbabwean products and services. NewsDay (ND) business reporter, Mthandazo Nyoni caught up with the body’s acting chief executive officer, Allan Majuru (AM) to give an assessment on the organisation’s efforts to promote …

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ZB taps into diaspora

ZB Bank in collaboration with ZymPay yesterday launched a product which will enable people in the Diaspora to pay fees to schools in Zimbabwe. BY KUDZAI MUCHENJEKWA Speaking at the launch of the Diaspora school fees services, ZB Financial Holdings chief executive officer Ronald Mutandagayi said that the service will …

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Red tape closing Zim for business: Chinamasa

Finance and Economic Development minister Patrick Chinamasa says bureaucracy in local authorities and State agencies was frustrating President Emmerson Mnangagwa’s efforts to attract foreign direct investment. BY TATIRA ZWINOIRA In a speech read on his behalf by Finance permanent secretary Willard Manungo at the Zimbabwe Revenue Authority’s (Zimra) annual general …

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‘Zimra’s corruption organised crime’

ZIMBABWE Revenue Authority (Zimra) board chairperson Willia Bonyongwe has likened corruption in the authority to organised crime as the tax collector continues battling corrupt elements within its ranks. BY TATIRA ZWINOIRA Speaking at the Zimra inaugural annual general meeting held yesterday in Harare, Bonyongwe said corruption was difficult to solve …

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Liquid MD scoops leadership award

LIQUID Telecom Zimbabwe managing director and group executive for Southern Africa, Mr Wellington Makamure, has scooped the prestigious 2017 ZNCC Business Leadership award. Mr Makamure got the award at the ZNCC National Congress held on June 28, 2018. The awards ceremony, which was held in the resort town of Victoria …

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Need to conserve water remains

This year the country received abundant rains which resulted in the filling up and spilling of a significant number of dams across the country. Due to the good rains that the country experienced, the country’s national dam level average is currently around 80%. This national dam level figure means that …

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Zim faces shortage of engineers

Leonard Ncube in Victoria Falls ZIMBABWE has only 1 500 civil, mechanical, architectural and scientific engineers out of about 6 000 accredited professionals in the field. This emerged during the Zimbabwe Infrastructure Development Conference here on Tuesday where delegates raised concerns about shortage of engineers in the country, as some …

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Cotton price increased

Grace Nyoni Midlands Reporter COTTON farmers in Gokwe are smiling all the way to the bank with their crop being sold for 52 cents per kilogramme up from 49 cents. Addressing cotton farmers in Nyanje area in Gokwe South on Monday, the Minister of State for Midlands Provincial Affairs Mr …

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Jittery day for rand

The rand swung wildly in the early hours of yesterday, jumping from R13,68 to R13,72 to the dollar at 3am, in what is likely to be a jittery day for currencies. “Major currencies were on tenterhooks on Thursday on the eve of Washington’s deadline to impose tariffs on Chinese imports …

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Ballooning RTGS indicate lack of lending: RBZ

THE Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors. Treasury has admitted that one of the key challenges facing the economy is budget deficit whose financing through issuance of Treasury …

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