Gweru partners Holiday Inn to build hotel

Stephen Chadenga Gweru City Council has partnered Holiday Inn to construct a hotel in the Midlands capital, a senior council official has said. Acting finance director Owen Masimba said the local authority was working on the lease agreement on the land that is to be given to Holiday Inn for …

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Zimbabweans eating less as economy deteriorates

BY TATIRA ZWINOIRA THE widening gap between prices of food and stagnant wages has led to 44% of poor households in the urban areas spending more of their incomes on food, from 16% in 2016, a USAID official has said. Speaking at a public discussion forum on the economic decline …

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Wars in our lives

Opinion Oskar Wermter SJ MOST of us who are close to 80 years survived the Second World War, including the nuclear bombing of Hiroshima and Nagasaki, and countless other wars in Korea, Vietnam, on the Indian subcontinent, in Central America, in the Middle East and last, but not least, in …

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Debt reduction strategy pays off for Brainworks

Business Reporter Brainworks a Mauritian-based JSE-listed holding company with a Zimbabwean hotel and real estate investment portfolio — released annual results for the year ended December 31, 2018, reporting revenue up by 35 percent to US$79,3 million from US$58,6 million in the prior year. Notable contributions came from the hospitality …

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SA shoppers seek post-election boost

Londani Nemaguvhuni’s Sunday trip to the Mall of Africa north of Johannesburg is a finely balanced operation. The 29-year-old has to provide for his young son, but also needs to cut costs. Like most South Africans, the construction foreman is feeling the effects of rising taxes, fuel costs and other …

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Willdale introduces new product

Michael Tome and Kudakwashe Mhundwa Willdale’s latest Topaz bricks will enable the listed brick manufacturing concern to increase its market presence and curb brick imports that have over the years flooded Zimbabwe, Willdale chief executive officer Nyasha Matonda has said. The brick making firm expects the new product to be …

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Should residents continue paying for water?

Jeffrey Gogo Climate Story Mike (not his real name) lives with his mother in a 3-bedroomed house in Mabelreign. The mother is often away for days attending to her religious calling. A 22-year old bachelor rents a room on Mike’s premises. He works in the mines outside Harare and is …

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Air Zim debt takeover on track

Africa Moyo Senior Business Reporter AIR Zimbabwe administrator Reggie Saruchera is locked in talks with Government to conclude a debt assumption process of the national flag carrier’s debt. Hiving off Air Zimbabwe’s humongous debt is seen as critical in efforts to turnaround the company as it would become attractive to …

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African Sun ends Legacy flirtation

Tawanda Musarurwa Senior Business Reporter Hotel and leisure chain, African Sun said on Friday it terminated a deal it entered into over three and a half years ago with South African group, Legacy Hospitality Management Services Limited (Legacy) to manage five of its local hotels. The hotels, which were put …

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NMB mulls $20m exporters’ facility

Michael Tome Business Reporter Nmb Holdings is in the process of arranging a US$20 million exporters’ facility for local companies, chief executive Benefit Washaya has said. The facility is expected in the next two months and will be directed towards export oriented firms in various sectors of the economy including …

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