Zimparks seeks investors

Tawanda Musarurwa Senior Business Reporter Government has committed to bring efficient to the Zimbabwe Parks and Wildlife Management Authority (ZimParks) by commercialising the entity. The move to restructure ZimParks is part of a broader Government strategy to reform numerous parastatals and state enterprises that have been operating inefficiently and as …

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We can make policy interventions work

The introduction of the Zimbabwe dollar (ZW$) through Statutory Instrument (SI) 142 has generated a great deal of debate, with some arguing on the legality of the SI itself, which I have little knowledge of, but I can at least comment on its economic and political substance. The chief argument …

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‘Parliamentary Committees recommendations should be taken seriously’

GOVERNMENT should implement recommendations made by Auditor-General (AG) Mildred Chiri and Parliament before allocating any funds to line ministries, a legislator has urged. BY MTHANDAZO NYONI Chairperson of the portfolio committee on Budget, Finance and Economic Development , Felix Mhona made the suggestion while addressing a budget analysis workshop for …

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Zim plans factories for 63 districts

ZIMBABWE plans to set up at least one factory in each of the country’s 63 districts as authorities attempt to improve standards of living for people in economically backward areas. BY FIDELITY MHLANGA The recently launched Zimbabwe National Industrial Policy (ZNIDP), spanning 2019-2023, intends to promote decentralisation of industrialisation initiatives …

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Zim firms hopeful after DRC sojourn

BY MTHANDAZO NYONI ZIMBABWEAN firms which recently attended the Democratic Republic of Congo (DRC)’s Mining Week say they are hopeful of generating business from the trade forum. ZimTrade director operations Phillip Phiri told journalists on the sidelines of the Zambia market survey results seminar held in Bulawayo yesterday that orders …

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Zim needs US$34bn for infrastructure: AfDB

BY FIDELITY MHLANGA Zimbabwe requires at least US$34 billion to revamp its infrastructure over the next decade, a new report by the African Development Bank (AfDB) has shown. With recurrent expenditure taking an upwards of 90% of government revenues, the southern African nation has not made any meaningful investment towards …

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NetOne dials US$10m FY18 profit

By Business Reporter State-owned mobile network operator, NetOne, recorded a US$10 million profit in 2018 from a loss position of US$77 million in the previous year driven by an increase in revenue and improved efficiency. Chief executive Lazarus Muchenje told an annual general meeting yesterday that cost containment measures resulted …

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SA’s Nampak makes progress in talks for glass unit sale

JOHANNESBURG — South African diversified packaging group Nampak has made significant progress in negotiations to sell its Glass business, it said yesterday. Nampak, which operates in 11 African countries as well as Ireland and the United Kingdom, began exploratory discussions with a number of strategic players in 2018. In February, …

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Time to up the game

Water is a very important resource giving life to humans, plants and animals. Water is quite a strategic resource that is also at the centre of socio-economic activities that include agriculture, health, energy, manufacturing, tourism, transport and construction among others. However, it must be appreciated that water is a finite …

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Mobile phone penetration rate drops

Zimbabwe’s mobile penetration rate  dropped 9,8 percentage points in the first quarter of 2019 to 83,3 percent compared to the fourth quarter in 2018 as a result of the tough economic times, latest data from the telecommunications sector  regulator shows. Cellphones became the biggest telecommunications tool in the last  decade, …

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