IBWO hails ED’s policies

Golden Sibanda Senior Business Reporter INDIGENOUS Business Women Organisation (IBWO) has hailed President Mnangagwa’s policy thrust saying his proposed cocktail of reform measures and programmes, some already being implemented, will turn around the economy, transform the lives of poor people, create employment and grow exports among others. IBWO president Jane …

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POS machines population rises

Business Reporter Zimbabwe’s point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country’s number of automated teller machines (ATMs), in line with the Reserve Bank of Zimbabwe’s drive to …

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Ecobank to source more funds for critical imports

Ishemunyoro Chingwere  and Martin Kadzere ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling with serious shortage of foreign currency partly due to subdued exports resulting from low …

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Real Estate Winter School: Sustainability is the Agenda

Francis Chinjekure It’s that time of the year again, when real estate professionals from across Zimbabwe gather at the Winter School to share ideas and to discuss opportunities the sector presents and the challenges they face as they conduct their day to day business. Winter School is an annual event …

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Sliding markets bear brunt of angst over trade, Opec

Emerging markets were getting little relief as the escalating trade war between the US and China hurt most major currencies and sent stocks to their lowest level since December. An index of currencies was set for a fifth day of losses yesterday, led by the South Korean won and Russia’s …

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Place Hwange under local Govt: MPs

Property Writer Members of Parliament have recommended that Hwange Colliery Company Limited (HCCL) should place Hwange town’s infrastructure into the hands of the Ministry of Local Government, Public Works and National Housing. Presently, the Hwange town is owned and run by HCCL. The struggling coal producer manages the town and …

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Urban future conference set for Friday

Property Reporter The Corporate Social Responsibility Network Zimbabwe (CSRNZ) is organising a one-day Zimbabwe Urban Future Conference to discuss various challenges Zimbabwe Cities and Rural Councils are facing with a view to finding lasting and sustainable solutions. The conference, which will be held this coming Friday June 22, 2018 will …

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Cotton farmers dump private merchants

Business Reporter Several cotton farmers are dumping contract schemes by private merchants saying they have long been short-changed through inadequate supply of inputs. Farmers in Checheche, one of the country’s largest cotton growing area in Manicaland Province, told this newspaper that they have for long been short-changed by private firms, …

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‘Delegate forex allocation to banks’

Oliver Kazunga Senior Business Reporter THE Reserve Bank of Zimbabwe should abandon its foreign currency allocation framework and delegate the role to individual banks as this gives the impression of a distorted economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Due to persistent foreign currency shortages facing the …

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President challenges ZCDC

Ishemunyoro Chingwere Business Reporter PRESIDENT Mnangagwa has challenged state diamond mining entity, Zimbabwe Consolidated Diamond Company (ZCDC) to upscale production and increase its contribution to the livelihoods of people living in the community it operates in as well as fiscal contribution. The President’s call comes hard on the heels of …

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