Redollarisation unwise: CZI

Africa Moyo Senior Business Reporter CONFEDERATION of Zimbabwe Industries (CZI) president Sifelani Jabangwe, says re-dollarising the economy is counterproductive as it stifles growth and could halve the size of the economy. Mr Jabangwe’s remarks come at a time self re-dollarisation appears to gather pace as more firms demand payments in …

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Nash Paints operating at half capacity

A LOCAL paint manufacturer, Nash Paints, says it is currently operating at half of its capacity due to constraints in sourcing raw material. BY MTHANDAZO NYONI Chief executive Tagarira Mutenga told NewsDay recently that the company was producing about 600 000 litres of paint per month and would do more …

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NUST offers microfinance qualification

THE Zimbabwe Association of Microfinance Institutions (Zamfi) has partnered the National University of Science and Technology (NUST) to offer a practical qualification relevant to the industry needs in a bid to professionalise the microfinance sector. By Staff Reporter The Executive Certificate in Microfinance and Entrepreneurship (ECEME) course, which was piloted …

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Govt shoots down Delta US$ prices

GOVERNMENT yesterday shot down Delta Corporation’s decision to price its products in United States dollars, in a clear indication that authorities are opposed to re-dollarisation of the economy. BY FIDELITY MHLANGA There was no activity at the Coca-Cola Graniteside depot in Harare yesterday a day after Delta Corporation announced it …

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Elumelu mentorship programme opens

BY FIDELITY MHLANGA The TEF is a brainchild of Nigerian banker and billionaire and United Bank for Africa Plc chairman Tony Elumelu. “The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. …

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Bleak outlook for livestock farmers

ZIMBABWE’s livestock farmers have warned of a difficult season due to poor rainfall, acute veterinary vaccine shortages and stockfeed, among other pressing challenges. BY MTHANDAZO NYONI Forecasts have suggested that the country is set to experience severe drought conditions this season. Livestock Farmers’ Union (LFU) chairperson Sifiso Sibanda told NewsDay …

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Bikes, the solution to Harare’s transport anarchy

The solution to Harare’s transport anarchy is the introduction of more journeys by bicycling and planning our cities for the future by introducing cycle tracks on all major roads. BY Jacob Mutisi As Harare plans to be a modern city by 2025, a humanistic, people-friendly city has to be accessible. …

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First Capital Bank unbundles none-core assets

Business ReporterFIRST Capital Bank, formerly Barclays Bank Zimbabwe, has approved the unbundling of non-core assets set for listing on the Zimbabwe Stock Exchange (ZSE). In a renewal of cautionary statement to shareholders, the banking institution advised shareholders of the approval by the board of directors. “Shareholders are advised that the …

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‘Decision on car duty pays off’

Africa Moyo Senior Business ReporterGOVERNMENT’S decision to curtail the leakages of the much-needed foreign currency through demanding that duty on imported motor vehicles be paid in forex is already bearing fruit, on the back of a sharp decline in imports, a top economic analyst has said. Finance and Economic Development …

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2018’s billionaire winners, losers

THE markets may be tanking, but that did not stop plenty of mega-fortunes from being unearthed in 2018. The popularity of Fortnite, the phenomenon that forced some into video-game rehab, gave game-maker Tim Sweeney a $7,2 billion fortune this year. Autry Stephens has $11,4 billion after his closely held Endeavour …

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