Urban future conference set for Friday

Property Reporter The Corporate Social Responsibility Network Zimbabwe (CSRNZ) is organising a one-day Zimbabwe Urban Future Conference to discuss various challenges Zimbabwe Cities and Rural Councils are facing with a view to finding lasting and sustainable solutions. The conference, which will be held this coming Friday June 22, 2018 will …

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Cotton farmers dump private merchants

Business Reporter Several cotton farmers are dumping contract schemes by private merchants saying they have long been short-changed through inadequate supply of inputs. Farmers in Checheche, one of the country’s largest cotton growing area in Manicaland Province, told this newspaper that they have for long been short-changed by private firms, …

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‘Delegate forex allocation to banks’

Oliver Kazunga Senior Business Reporter THE Reserve Bank of Zimbabwe should abandon its foreign currency allocation framework and delegate the role to individual banks as this gives the impression of a distorted economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Due to persistent foreign currency shortages facing the …

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President challenges ZCDC

Ishemunyoro Chingwere Business Reporter PRESIDENT Mnangagwa has challenged state diamond mining entity, Zimbabwe Consolidated Diamond Company (ZCDC) to upscale production and increase its contribution to the livelihoods of people living in the community it operates in as well as fiscal contribution. The President’s call comes hard on the heels of …

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Save for a rainy day, Insurance commission

The Insurance and Pensions Commission (Ipec) has said the public should save for retirement and insure their assets against future losses. BY FREEMAN MAKOPA Addressing the public during an Ipec roadshow in Mount Darwin on Saturday, Ipec manager Nhau Chivingira said, “We would also like to encourage you to save …

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Expert calls for commodity-backed currency

ZIMBABWE should re-introduce its own currency backed by commodities since bond notes and dollarisation has failed, financial expert Persistence Gwanyanya has said. Speaking during the CEO Africa Roundtable discussion in Bulawayo on Friday, Gwanyanya said the government needed to go back to the drawing board and come up with a …

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Why PPPs are evading Zimbabwe

The African Development Bank (AfDB) and the World Bank have stressed that Zimbabwe’s infrastructure gap requires investment amounting to $2 billion annually, following years of deprived investment and lack of maintenance. By Victor Bhoroma The Zimbabwean government spent virtually nothing on infrastructure in 2009, $200 million in 2010, $300 million …

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Elections stall property sector

LOOMING elections are stalling the property market as sellers and buyers have adopted a wait and see attitude on the outcome of those elections, a property expert has said. BY TATIRA ZWINOIRA Speaking to NewsDay recently, property expert Washington Masiiwa said depending on the outcome of the elections the property …

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Schweppes, Coca Cola pour water on Mazoe changes furore

Schweppes Zimbabwe and The Coca Cola Company are committed to offering people the drinks they want, while helping them reduce sugar intake, the two companies said yesterday. BY BUSINESS REPORTER “People tell us they want more drinks that taste great but also have less sugar and fewer calories,” they said …

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‘Domestic debt to haunt Zim’

ZIMBABWE’S huge domestic debt, which runs into billions of dollars, is a big challenge in the post-election period, Finance deputy minister Terence Mukupe has warned. Zimbabwe is set to hold general elections on July 30. BY MTHANDAZO NYONI “The issue of the debt, I don’t think the external debt is …

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