Seed Co wins big at agric show

Business Reporter LEADING seed producer, Seed Co, shone like a beacon at the just-ended Harare Agricultural Show after bagging the Best Exhibitor award in the agricultural sector, and the Best Exhibitor Overall. Seed Co, whose focus is on ensuring food security in the country and beyond, has won several such …

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ED, Khama to grace CZI congress

Leonard Ncube in Victoria Falls PRESIDENT Mnangagwa and former Botswana President Ian Khama will be among the high profile speakers at this year’s Confederation of Zimbabwe Industries (CZI) congress and International Investment Forum to be held in Bulawayo later this month. The forum will be held at a Bulawayo hotel …

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IDBZ acquires property, land worth $7,3m

Golden Sibanda Senior Property Reporter THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it has acquired land and properties worth $7,3 million for the development of already identified future infrastructure projects. The State-owned infrastructure development bank said this comes after it received approval for budget allocation of $10 million to …

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Zesa’s $20m transformers burden

Africa Moyo Senior Business Reporter NATIONAL power utility, ZESA Holdings, requires a staggering $20 million to replace over 4 000 transformers that were either vandalised or stolen across the country. Government says thieves are stealing at least three transformers per night, making it practically impossible for ZESA to replace all …

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Govt to recalculate interest on RBZ debt

Ishemunyoro Chingwere Business Reporter GOVERNMENT will enlist the services of a consultant to recalculate interest on debts it contracted before 2013 with a view to identifying instances where it overpaid and enforce recovery of such amounts. The Ministry of Finance and Economic Development has since tendered for expression of interest …

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Belt and Road Initiative critical for Zim — ED

Tawanda Musarurwa in Beijing, CHINA The Belt and Road Initiative (BRI) will contribute to genuine, all-encompassing globalisation and help Zimbabwe in particular to achieve its goal for middle-income status by 2030, President Mnangagwa has said. The President said this in the Chinese capital, Beijing, where he is attending the 2018 …

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Producers speak on cement crisis

National cement demand has surged since the second half of last year, driven by a reported bubble in mortgage and construction activity, amidst mounting supply-side challenges related to foreign currency shortages for the procurement of spare parts. BY FIDELITY MHLANGA/MTANDAZO NYONI A statement released by the Cement and Concrete Institute …

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More financiers for Command Agric

Africa Moyo Senior Business Reporter Command Agriculture, a special maize import substitution programme, has attracted more private sector financiers such as National Foods Limited and Northern Farming. Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ), has also joined Command Agriculture with a $6 million facility focusing on …

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Prospects look good for economy: Agribank

Golden Sibanda Senior Business Reporter AGRIBANK, a State agriculture development bank, says Zimbabwe’s near and medium term prospects look good on the back of Government’s efforts to improve ease of doing business and measures to attract foreign investment. The bank argues these measures are projected to yield positive results for …

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IDBZ spearheads infrastructure development

Enacy Mapakame Buiness Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ), says it will continue to forge ahead in spearheading infrastructure development in line with new Government’s thrust for economic turnaround and the regional industrial development agenda. IDBZ chairman Willard Manungo, said the recent US$150 million injection the bank received …

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