Climate talks stall amid angry exchanges: Zhakata

The recent round of UN climate talks in Bonn, Germany, made little progress, Zimbabwe’s lead negotiator Washington Zhakata says. The meeting, held from April 30 to May 10, saw angry exchanges between rich countries and those from the developing world, opening up old wounds over neglected responsibility. Zimbabwe was disappointed …

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‘Exploit Mat North investment opportunities’

MATABELELAND North province has various investment opportunities including mining, tourism and water infrastructure, which investors can exploit in a win-win situation. This was said by the Minister of State for Matabeleland North Provincial Affairs, Ambassador Cain Mathema last week during East and Central African Social Security Association (ECASSA) welcome dinner …

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Tobacco sales ease forex crunch

Livingstone Marufu Business Reporter The opening of tobacco auction floors in March has helped oil expressers pay foreign currency backlogs and enable them to buy more soya beans to ensure enough supply of cooking oil in the country. This comes as the oil manufacturers battle to supply the country with …

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Former Arcturus Mine workers’ stay in TN houses illegal

TN Securities (Pvt) Limited, which acquired Arcturus Mine from Metallon Corporation, says the former employees still residing at the mine’s premises are doing so illegally. The company, led by Harare lawyer Mr Tawanda Nyambirai, says it acquired rights to the real estate when it bought the mine, implying that the …

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ZCDC rescues ex-Marange employees

FORMER employees of displaced diamond producer Marange Resources (Marange), are set to receive their salary arrears and outstanding pension contributions in full by September 2020, the Zimbabwe Consolidated Diamond Company (ZCDC) has said. Payment of salary arrears started in September 2017 while pension contributions are expected to start being paid …

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Zimpost moves to digitisation

State-owned postal and courier services company, Zimpost, has introduced two new digitised services namely the Virtual Post Office and the Zimpost Mall. The organisation is seeking to transform its services provision from being entirely manual based and moving to the electronic platform and also to the mobile platform. Zimpost acting …

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Mining firms not forced to list on ZSE

Golden Sibanda recently in Victoria Falls GOVERNMENT will not compel mining companies in the country to list on the Zimbabwe Stock Exchange as such policy perspective is not in line with the vision of the new dispensation, a Cabinet minister has said. Mines and Mining Development Minister Winston Chitando told …

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Forex challenges hamper ZETDC

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), connected only 2 597 prepaid metres out of the targeted 30 000 by April 2018 under the 100 days Rapid Results Initiative (RRI) due to serious foreign currency shortages. Under the Zim-Asset blueprint, ZETDC is targeting to install 800 000 prepaid metres …

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Fertiliser industry needs $120m for 2018/19 season

BY FREEMAN MAKOPA Chemplex Corporation Limited chief executive officer, Tapuwa Mashingaidze said the local industry had the capacity to produce fertiliser locally, but required foreign currency to import essential raw materials for the manufacture of the stimulant. “For 600 000 tonnes of fertiliser demand this year, $120 million in forex …

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