‘Zimra’s corruption organised crime’

ZIMBABWE Revenue Authority (Zimra) board chairperson Willia Bonyongwe has likened corruption in the authority to organised crime as the tax collector continues battling corrupt elements within its ranks. BY TATIRA ZWINOIRA Speaking at the Zimra inaugural annual general meeting held yesterday in Harare, Bonyongwe said corruption was difficult to solve …

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Liquid MD scoops leadership award

LIQUID Telecom Zimbabwe managing director and group executive for Southern Africa, Mr Wellington Makamure, has scooped the prestigious 2017 ZNCC Business Leadership award. Mr Makamure got the award at the ZNCC National Congress held on June 28, 2018. The awards ceremony, which was held in the resort town of Victoria …

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Need to conserve water remains

This year the country received abundant rains which resulted in the filling up and spilling of a significant number of dams across the country. Due to the good rains that the country experienced, the country’s national dam level average is currently around 80%. This national dam level figure means that …

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Zim faces shortage of engineers

Leonard Ncube in Victoria Falls ZIMBABWE has only 1 500 civil, mechanical, architectural and scientific engineers out of about 6 000 accredited professionals in the field. This emerged during the Zimbabwe Infrastructure Development Conference here on Tuesday where delegates raised concerns about shortage of engineers in the country, as some …

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Cotton price increased

Grace Nyoni Midlands Reporter COTTON farmers in Gokwe are smiling all the way to the bank with their crop being sold for 52 cents per kilogramme up from 49 cents. Addressing cotton farmers in Nyanje area in Gokwe South on Monday, the Minister of State for Midlands Provincial Affairs Mr …

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Jittery day for rand

The rand swung wildly in the early hours of yesterday, jumping from R13,68 to R13,72 to the dollar at 3am, in what is likely to be a jittery day for currencies. “Major currencies were on tenterhooks on Thursday on the eve of Washington’s deadline to impose tariffs on Chinese imports …

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Ballooning RTGS indicate lack of lending: RBZ

THE Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors. Treasury has admitted that one of the key challenges facing the economy is budget deficit whose financing through issuance of Treasury …

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Oil prices slide

Oil slid after a government report showed a surprise increase in US crude stockpiles. Futures dropped as much as 1,7 percent in New York following the US Independence Day holiday. Inventories rose 1,25 million barrels last week, the first rise in four weeks, according to data from the Energy Information …

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‘Economy on growth trajectory’

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said the economy is on a positive growth trajectory as evidenced by increased capacity utilisation and surging demand for fuel. Dr Mangudya said this during the official launch of the EmpowerBank, a youth focused deposit taking microfinance institution. EmpowerBank was …

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Milk imports decline

Investments made in the dairy sector at both farm and processing level coupled with the implementation of SI64, have seen the amount spent on importation of milk and milk-based products reduce significantly in the last few years. According to Zimbabwe Dairy Industry Trust chairman Theodora Marimo, the country used to …

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