Think beyond agriculture for development: UNDP

UNITED Nations Development Programme (UNDP) Zimbabwe economic advisor, Amarakoon Bandara, has challenged other sectors to help jumpstart the economy, saying agriculture alone would not make much impact given the size of the population. BY TATIRA ZWINOIRA “Say for example, we have 70% of the population in the rural areas. That …

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Pharmaceutical sector near deathbed

THE local pharmaceutical industry access only 10% of its foreign currency requirements from the Reserve Bank of Zimbabwe (RBZ) monthly, a situation that has left the industry teetering on the brink of collapse. BY MTHANDAZO NYONI Speaking to journalists on the sidelines of the annual joint congress of the College …

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Powermec to distribute Perkins Engines products

Powermec Zimbabwe, a subsidiary of Zimplow Group, has been engaged as official distributors of products made by United Kingdom-based engineering firm, Perkins Engines. BY WINSTONE ANTONIO Perkins specialises in diesel engines for agricultural, construction, material handling, power generation, mining and industrial sectors. Officiating at the launch of the partnership deal …

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May is international internal audit awareness month

A look at the varied responsibilities of the Internal Auditor … all in a day’s work! Achieving objectives For the most part, companies are in business to make money. Schools, charities, and other non-profit organisations may have the goal of educating, influencing behaviour, or helping those less fortunate. Regardless of …

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Water Resources Infrastructure Investment Conference for Zim

The country will on June 4 and 5 host the Water Resources Infrastructure Investment Conference as part of the Government’s bid to mobilise resources for the accelerated development of the country’s water infrastructure. The conference, billed to be held in Harare, will run under the theme Unlocking Water Resources Potential …

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Proplastics maintains strong performance

Enacy Mapakame Business Reporter PLASTIC pipes and fittings manufacturer, Proplastics Limited had a strong performance in the first four months of the year to April 2018 with revenue coming out 86 percent ahead of same period last year on the back of strong demand and outstanding orders from 2017. Profitability …

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Poor public transport system costs Zim

Africa Moyo Business Reporter A weak public transport system, particularly in urban areas, is responsible for the siphoning of the much-needed foreign currency as citizens import cars to take them to work, analysts say. This comes as our sister publication Business Weekly in this week’s edition reports that about $4,5 …

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Borrowings plague Nampak

Taurai Mangudhla Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) remains troubled by a $9,3 million short-term borrowings relating to a facility owed to parent Nampak International Holdings. At the end of Nampak’s last financial year to September 2017, there were indications discussions were in place to roll over …

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Zim joins African finance institution

Golden Sibanda Business Reporter ZIMBABWE has become the latest and 19th member of the Africa Finance Corporation (AFC), a leading infrastructure development finance institution, opening more windows for financial investment into the critical sector. Against this background, Minister of Finance and Economic Planning signed the Instrument of Adherence to the …

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Shot in the arm for cotton farmers

Martin Kadzere Senior Business Reporter Government has expanded a support programme for cotton farmers and will provide inputs worth $60 million during the forthcoming season. Through the state-owned Cotton Company of Zimbabwe (Cottco), the Government has so far supported small-scale farmers with inputs worth $130 million over the past three …

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