DPA partners French energy firm

BY FREEMAN MAKOPA Distributed Power Africa (DPA), a subsidiary of Econet Wireless Global, has partnered EDF (Électicité De France) to develop commercial, industrial and hybrid energy solutions for the African market. The collaboration is expected to focus on the development of distributed-energy solutions based on solar panels associated with energy …

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Tobacco deliveries remain low

BY FIDELITY MHLANGA Zimbabwe’s tobacco deliveries remain low as prices show little signs of firming up, statistics from the Tobacco Industry Marketing Board (TIMB) have shown. As of day 37 of the 2019 marketing season only 87,8 million kilogrammes of tobacco had been delivered at both auction and contract floors, …

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Trade uncertainty darkens US small caps outlook

“Because they have more domestic sales it doesn’t mean they’re totally insulated,” said Jill Carey Hall, US strategist at Bank of America Merrill Lynch. “If we don’t get a resolution on trade, you don’t necessarily want to own small caps. They tend to fare more poorly in risk-off environments.” Since …

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DPA, EDF to deploy hybrid energy

Own Correspondent Distributed Power Africa (DPA), a subsidiary of Econet Wireless Global, and EDF (Électicité De France) a world leading electricity company, have signed partnership cooperation agreement to jointly develop Commercial and Industrial (C&I) and hybrid energy solutions to the African market. The collaboration is expected to focus on the …

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ZimTrade to hold tanners workshop

Michael Tome Business Reporter TRADE development and promotion body, ZimTrade, will hold the Zimbabwe Tanneries Workshop in Bulawayo from May 20-21 2019 in conjunction with PUM, a Holland based organisation that specialises in giving technical assistance in diverse entrepreneurial fields. The workshop intends to bring together local tanners and other …

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Gold on the negative

News concerning the Aussie election and improvement in the relation between the US, Canada, and Mexico got more attention. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support. Gold is on its third negative trading day as it see-saws near $1 276,50 ahead …

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SA rand firms

South Africa’s rand rose early yesterday after a sharp slide in the previous week as a sell-off in risk assets globally slowed, with investors positioning for an event-packed week. At 0645 GMT the rand was 0,31 percent firmer at 14,4025 per dollar compared with its Friday close of 14,4475 in …

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Zim likely to lose CFTA market

Kudakwashe Mhundwa and Kumbirai Tarusarira Business Reporters Zimbabwe is likely to lose out on the 1,2 billion strong market provided for by the Continental Free Trade Area (CFTA), which generates over US$3,4 trillion gross domestic (GDP) product annually if it does not develop its competitiveness in the global industry, senior …

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Wheat inputs for 75 000ha sourced

Sharon Chikowore Mashonaland West Bureau Government has sourced enough inputs for the winter wheat cropping season to cover at least 75 000 hectares, amid reports that over US$400 million was being spent importing three key agro-raw materials that can be produced locally. Lands, Agriculture, Water, Climate and Rural Resettlement Deputy …

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Cottco to introduce hybrid seed varieties

Business Reporter THE Cotton Company of Zimbabwe is looking at introducing hybrid seed varieties with high yield potential compared to current non-hybrid varieties, in a development that will further boost the country’s cotton production, an official has said. The programme, which will be rolled out in partnership with Quton, a …

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