Pure Oil invests $9m in soya farming

Golden Sibanda Senior Business Reporter PURE Oil Industries, one of Zimbabwe’s major cooking oil producers, says it has invested $9 million towards supporting contract farmers to produce soya bean required for the manufacture of edible oils, with other producers expected to follow suit. The Workington-based company’s head of operations, Rodreck …

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Mastercard reaffirms interest in Zim

Africa Moyo Senior Business Reporter MASTERCARD president and CEO Mr Ajay Banga, has reaffirmed his company’s willingness to set up office in Zimbabwe, to support the country’s drive to create a new wave of digital payments and inclusive growth. Mr Banga said this in Harare on Monday during the company’s …

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Veldfires and climate change

Veldfires are a major challenge facing Zimbabwe and other sub-Saharan countries. To date, Zimbabwe has lost One Hundred and seventeen (117) people who died inferno since 2005 to date at the same time destroying millions worth of property and the environment. Three (3) of the lives were lost this current …

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Oil falls

LONDON. — Oil prices fell more than 2 percent yesterday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of US sanctions on Iran’s crude exports that start next month. Benchmark Brent crude oil LCOc1 dropped $2,03 a barrel to a low of $77,80, down …

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Gold jumps 1pc

BENGALURU. — Gold jumped 1 percent to a more than three-month peak yesterday as investors took cover from a slide in global stocks and rising political and economic uncertainty, including concerns over Italy’s spending plans. Palladium also soared to a record high on the back of increasing tensions between the United …

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Zimnat Asset Management customises investment management

By Tatenda Makoni Zimnat Asset Management (ZAM) provides carefully constructed, individually customised and separately managed accounts. These discretionary and non-discretionary portfolios allow clients to define their own parameters for returns and liquidity based on their risk tolerance, cash flow needs and investment horizon. A research team holds detailed discussions with …

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95% of mining land in Mat’land under EPOs

ABOUT 95% of mining land in Matabeleland is now under exclusive prospective orders (EPOs), making it hard for new players to enter the mining sector, a youth advocacy group has said. BY MTHANDAZO NYONI Community Youth Development Trust (CYDT) convened an all-stakeholders meeting in Gwanda last week to deliberate on …

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Treasury to pay $4m monthly to settle airlines debt

The Ministry of Finance and Economic Development has made an undertaking to pay $4 million monthly to foreign airlines who were currently owed $150 million, NewsDay has established. By Staff Reporter Foreign airlines flying into the country have not been able to repatriate ticket sales due to the acute shortage …

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Chloride Zim increases market share

BATTERY manufacturer Chloride Zimbabwe says its market share has risen to 69% after the government banned the importation of batteries as part of measures to protect the local industry. BY MTHANDAZO NYONI Chloride Zimbabwe is a wholly-owned subsidiary of ART Corporation. The company’s head of marketing, Panganai Kufakunesu, told NewsDay …

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We’ve a good plan, trust us: Ncube

Political legitimacy, economic bailout and the draconian Public Order and Security Act (Posa) and Access to Information and Protection of Privacy Act (Aippa) laws are some of the topics Zimbabwe’s new Finance and Economic Development minister Mthuli Ncube addresses in this interview with NewsDay assistant editor, Alfonce Mbizwo. ND: How …

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