RBZ registers 19 MFIs in six months

Africa Moyo THE Reserve Bank of Zimbabwe (RBZ) registered 19 microfinance institutions in the first six months of the year, to take the overall number of MFIs in the country to 194. Of the 19 MFIs registered, one is a deposit-taking institution while 13 are money lenders, with five of …

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Miners pledge 100t gold output

Prosper Ndlovu Bulawayo Bureau THE country’s gold sector remains bullish with miners yesterday pledging to produce up to 100 tonnes of the yellow metal annually if given adequate support by Government. Contributing during a gold mining conference organised by Fidelity Printers and Refiners (FPR) in Bulawayo, the miners said the …

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Small-scale gold miners fear for their claims

Africa Moyo recently in ZVISHAVANE SMALL-SCALE miners in the Zvishavane, Mberengwa and some parts of Matabeleland are living in fear of losing their mines to alleged powerful individuals, who are believed to be working in cahoots with some unscrupulous officials in the Ministry of Mines and Mining Development. Miners who …

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Poultry gears for inclusive growth

The scope for rural small-scale farmer centric value chain development in poultry, and how this ultimately generates national economic growth, will be the focus of the annual Zimbabwe Poultry Association (ZPA) indaba on Wednesday September 19 at ART Farm, Pomona, Harare. With broiler meat production in Zimbabwe at an all-time …

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Debt-ridden CSC downscales

COLD Storage Company (Ltd), a beef producer with refrigerated warehousing, has downscaled its operations and put its employees on a “short time” work schedule under which they will now be paid based on the actual number of “man-hours” worked. BY TATIRA ZWINOIRA The State-owned company, which requires between $60 million …

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Zim gets new IMF rep

The International Monetary Fund (IMF) has appointed Patrick Amir Imam as Zimbabwe’s resident representative, replacing Christian Beddies, who has been in the country since 2014. BY FIDELITY MHLANGA Imam, a national of Belgium, Egypt and Germany, has served the IMF since 2005 working on monetary, exchange rate and financial stability …

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Govt pledges support for gold miner

Golden Sibanda Senior Business Reporter GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe’s largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The London head-quartered gold mining group has since given assurances that it was in the country for the long …

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RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate effort to ramp up foreign currency earnings. BY MTHANDAZO NYONI Gold, whose production is projected to hit 30 tonnes …

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Zim power imports down 50 percent

Martin Kadzere Senior Business Reporter Zimbabwe’s power imports declined by almost 50 percent during the second quarter of the year after the country’s power utility increased generation at Kariba plant. Zesa Holdings increased output at Kariba Power Station after switching on the second unit following the completion of expansion of …

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Zimra intensifies graft fight

Ishemunyoro Chingwere Business Reporter Whistleblowers who blew the cover on Zimra commissioner for revenue assurance and special projects — Charles Jaure — resulting in his suspension on Monday, have called for the suspension of senior management in the same department to allow for smooth investigation into corruption allegations levelled against …

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