Top entrepreneurs, firms talk service innovation

A CUSTOMER service symposium held last week attracted Zimbabwe’s top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up with the rest of the world on issues of service quality. BY FREEMAN MAKOPA Nigel Chanakira Organised by the Contact …

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Remittance income drives Africa’s economic growth — Report

A report launched by the Institute of Chartered Accountants in England and Wales (ICAEW) has said that despite an economic slowdown, most African countries are having a positive economic outlook. This is according to a new report, “In Economic Insight: Africa Q3 2018,” launched Wednesday, the accountancy body provides GDP …

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ZimTrade urges value-added trade

ZimTrade, Zimbabwe’s export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country’s export basket and scale up global value chains. BY MTHANDAZO NYONI The country has been a net exporter to the largest economy in Europe since 2013 and over …

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ZETDC accused of anti-competitive tender behaviour

THE Competition and Tariff Commission (CTC) has ordered the Zimbabwe Electricity Transmission and Distribution Company (ZEDTC) to open its tenders to all qualified bidders following allegations of anti-competitive practices in the procurement of aluminium conductor cables. BY FIDELITY MHLANGA ZEDTC is replacing copper conductor cables with aluminium ones to reduce …

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Pharmaceutical sector hit hard by foreign currency shortages

THE Pharmaceutical Manufacturers’ Association of Zimbabwe (PMAZ) says for the country’s pharmaceutical sector to enhance its capacity and make significant contribution to public health, employment, economic and scientific development and exports, there was need for sufficient and consistent foreign currency allocations. By Mthandazo Nyoni NewsDay (ND) business reporter Mthandazo Nyoni …

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NicozDiamond acquisition pays off for First Mutual

FIRST Mutual Holdings Limited’s (FMHL) acquisition of NicozDiamond Insurance Company Limited (NDIL) helped boost its profit after tax by 102% to $8,66 million for the half year period ending June 30, 2018. BY TATIRA ZWINOIRA FMHL acquired NDIL after first acquiring 80,92% shareholding from its former shareholder, the National Social …

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Zim working on new economic policy

Enacy Mapakame in VICTORIA FALLS Government is working on a new short-term economic blueprint that is expected to help stabilise the economy as it moves towards achieving the middle income status by 2030. The short-term economic plan is set to provide the basis upon which the new Government led by …

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AMA seeks to raise $75m

Africa Moyo THE under fire Agricultural Marketing Authority (AMA) has floated  $75 million agro-bills for the purchase of maize from farmers in the 2018 season. AMA, which recently came under attack from Government and farmers for dereliction of duty, said the maize would be bought through the Grain Marketing Board …

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RBZ registers 19 MFIs in six months

Africa Moyo THE Reserve Bank of Zimbabwe (RBZ) registered 19 microfinance institutions in the first six months of the year, to take the overall number of MFIs in the country to 194. Of the 19 MFIs registered, one is a deposit-taking institution while 13 are money lenders, with five of …

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Miners pledge 100t gold output

Prosper Ndlovu Bulawayo Bureau THE country’s gold sector remains bullish with miners yesterday pledging to produce up to 100 tonnes of the yellow metal annually if given adequate support by Government. Contributing during a gold mining conference organised by Fidelity Printers and Refiners (FPR) in Bulawayo, the miners said the …

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