Zim reformes to unlock economy: AfDB

Martin Kadzere THE reforms being implemented by Government to improve business environment will in short to medium term unlock funding for the economy, a report by the African Development Bank has said, while emphasising the need to tackle corruption and observe good governance for a sustainable economic recovery. Zimbabwe, emerging …

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Stakeholders meet over Mines and Minerals Bill

Ishemunyoro Chingwere Business Reporter OFFICIALS from the Ministry of Mines and Mining Development, the relevant parliamentary portfolio committee and officers from the Attorney General’s office are meeting in Kariba to iron out sticky issues to the Mines and Minerals Bill. The meeting, which began yesterday, is expected to run up …

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‘Take advantage of Zambian market’

Michael Tome Business Reporter ZIMBABWEAN companies in the Fast Moving Consumer Goods (FMCG) and mining supplies sectors have been encouraged to take advantage of opportunities in the vast Zambian market. This was revealed by ZimTrade chief executive Allen Majuru while presenting Zambia market survey findings in the capital yesterday. The …

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Zesa throws RBZ under the bus

BY TATIRA ZWINOIRA ZIMBABWE’S power utility, Zesa Holdings says the Reserve Bank of Zimbabwe (RBZ) has not provided with foreign currency to import power since last October. This comes as the southern African country is experiencing a severe power crisis due to low electricity generation at Kariba Power Station which …

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Stop baking biscuits, confectioneries: GMAZ

BY MISHMA CHAKANYUKA The Grain Millers Association of Zimbabwe (GMAZ) says the country’s flour stocks have improved, but has warned bakers not to “waste” supplies on confectionary and biscuits because the situation was still delicate. In a statement, yesterday, GMAZ chairman, Tafadzwa Musarara said flour supply to the bakeries from …

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Pharmacies owe US$30m to foreign suppliers

BY MTHANDAZO NYONI THE Pharmaceutical Wholesalers’ Association (PWA) says international suppliers have put them on advance payment terms because its members owe the external suppliers over US$30 million in legacy debt, spanning over 18 months. PWA chairperson Kuda Chapfika told NewsDay that the legacy debt was crippling their operations. “External …

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Programmes in place for informal sector support

The Government through the Ministry of Women Affairs, Community, Small and Medium Enterprises Development has lined up a number of programmes to support the informal sector, having noted with great concern the immense contribution by the sector to the country’s economy. “The Government recognises the immense contribution that the SMEs …

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Zimnat makes it easier for businesses to obtain funding

Taurai Craig Museka As Zimbabwe maps its way towards economic recovery and realising a better balance of payments, export development initiatives have become a priority for both the government and private sector. Zimnat is on an innovation drive to develop insurance products that can assist businesses which have for a …

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Moyo off to London

As the Government presses full steam ahead with its engagement and re-engagement policy to restore broken ties with the wider world, Foreign Affairs and International Trade Minister Sibusiso Moyo will later this week embark on an official visit to the United Kingdom, the architect of the country’s international isolation, the …

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