Southern Africa talks tough on ivory trade

Ten years after wildlife watchdog CITES forced a ban on commercial ivory sales, elephant range states in Southern Africa have grown increasingly impatient and their willingness to keep up their end of the bargain may finally be waning out. Zimbabwe, together with Angola, Botswana, Namibia and Zambia, last week said …

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Inflation to retreat: Economist

Renowned economist and Africa Economic Development Studies (AEDS) executive director Dr Gift Mugano has predicted a decline in inflation as the year progresses towards mid-year owing to slackening demand due to customers’ limited buying power. Basic commodities prices have lately been skyrocketing beyond the reach of many ordinary Zimbabweans but …

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IDC spins off WMI, Deven

State-controlled Industrial Development Corporation (IDC) has started the process to dispose of its controlling shareholding in struggling automobile firms, Willovale Motor Industries (WMI) and Deven Engineering, as Government’s parastatal and State enterprises reform gathers pace. Finance and Economic Development Minister Mthuli Ncube said last year that privatisation of struggling State …

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Cottco moots setting up own farms

The Cotton Company of Zimbabwe intends to start developing own commercial farms, targeting at least 100 000 hectares across the country to anchor production and support cotton value chains, managing director Pious Manamike said. Currently, Cottco is administering Government’s multi-million dollar inputs programme meant to support vulnerable households. The programme …

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ZTA opens office in China, fishes for more visitors

By Staff Reporter The Zimbabwe Tourism Authority (ZTA) has opened an office in China as part of its drive to increase the number of visitors travelling from that region to the country. “This initiative comes at an opportune time when Zimbabwe is really looking at intensifying its marketing efforts in …

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Miners equipment maker pleads for govt support

BY MTHANDAZO NYONI SHEPCO Industrial Supplies, a division of Shepco Group, has pleaded with government to support it in terms of raw materials so that it can boost the small-scale miners’ production, an official has said. Shepco Group chief executive Shepherd Chawira told NewsDay that given enough support, the company …

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Broad money supply jumps 30,64%

BY TATIRA ZWINOIRA ZIMBABWE’S annual broad money supply increased by 30% to $9,85 billion in January, down from $7,54 billion last year, despite efforts by government to keep a lid on money supply in order to lower inflationary pressures in the market. The Reserve Bank of Zimbabwe (RBZ) noted in …

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Zimbabwe assesses pension value losses

Martin Kadzere Senior Reporter The Insurance and Pension Commission has started engaging stakeholders on compensation framework for policy holders and pensioners whose savings were wiped off during the conversion of values from Zimbabwean dollars to US dollars a decade ago. This comes at a time when Government said it would …

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Zimbabwe’s own breed

In the 1940’s Len Harvey was a lands development officer tasked with developing an indigenous breed of cattle. In the Lowveld area, south of Gwanda, Mr Harvey had observed that there was a distinctive type of “yellow” Sanga cattle amongst the indigenous cattle that were superior and adapted to the …

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Gold prices firm

Gold prices were little changed yesterday ahead of Sino-US trade negotiations, while demand for government bonds, Japanese yen and a key technical resistance limited gains for the safe-haven metal. Spot gold edged up 0.2 percent to $1 283,41 per ounce at 0741 GMT. US gold futures were also 0,2 percent …

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