Tobacco sales reach 221,8m kg

At least 221,8 million kg of tobacco worth $647 million have been sold at contract and auction floors since the start of the selling season in March this year, statistics released by the industry regulator show. Statistics that the Tobacco Industry and Marketing Board released on day 70 of sales …

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‘Insurance companies should educate customers on products’

Ishemunyoro Chingwere Business Reporter Insurance companies should adequately explain their products to customers so that they can make informed decisions before buying policies, the Insurance and Pensions Commission (IPEC) has said. The insurance regulator said policyholders should also read the terms and conditions of the policies they want to buy …

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Agribank splashes $1m on ICT upgrade

Africa Moyo Business Reporter AGRIBANK has so far spent $1,1 million on information communication technology (ICT) infrastructure hardware, as it presses ahead with efforts to ensure system stability and provide more functions for effective service delivery. The entire ICT core banking upgrade is expected to gobble $6,6 million, of which …

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RBZ to bring more forex

Africa Moyo Business Reporter RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says they will continue to source foreign currency to support the multi-currency regime, which is expected to remain in force for the foreseeable future. This comes as the social media has been spreading deliberate lies that Zimbabwe …

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Insurers profit jumps 250pc

Golden Sibanda Senior business Reporter NON-LIFE insurance companies registered 250 percent growth in profits to $33,6 million in the 12 months to December 2017, according to Insurance and Pensions Commission (IPEC)’s 2017 fourth quarter report. Total profit was reported at $13,40 million in the comparative period in 2016. The key …

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German chemical firm eyes Zim

LANXESS, a German-based company specialising in manufacturing chemical products, says it is setting its sights on Zimbabwe with a view to find market for its products. BY FIDELITY MHLANGA IN BERLIN, GERMANY Jennet Schirly, public affairs officer at its Berlin office told Southern African journalists attending an international journalism programme …

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Amid cutback on fees, brokers optimistic on C-Trade

THE new mobile and online trading platform, C-Trade, will reduce profits for stockbrokers as trading fees for shares listed on the main bourse made through it will be negotiable. TATIRA ZWINOIRA The platform, which will be launched soon, is aimed at increasing financial inclusion by allowing those with phones or …

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Govt ends Air Zim domestic monopoly

The government has granted low-cost airline FlyAfrica permission to fly the lucrative Harare-Bulawayo route when it resumes operating within 90 days, ending the monopoly that was enjoyed by struggling national carrier, Air Zimbabwe. FlyAfrica was forced to suspend operations last month to sort out its licence and aircraft ownership status …

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German chemical firm eyes Zim

LANXESS, a German-based company specialising in manufacturing chemical products, says it is setting its sights on Zimbabwe with a view to find market for its products. BY FIDELITY MHLANGA IN BERLIN, GERMANY Jennet Schirly, public affairs officer at its Berlin office told Southern African journalists attending an international journalism programme …

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