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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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RioZim, Zesa to ink power deal

Golden Sibanda Senior Business Reporter RIOZIM says its US$1,5 billion investment into building a 2 800 megawatts thermal power station in Sengwa, Gokwe North, remains firmly on course with the company now moving to the next phase of preliminary works, which entail, chiefly, signing a power purchase agreement. Notably, RioZim …

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Mobile money continues to gain traction

Tawanda Musarurwa Senior Business Reporter Zimbabwe continues to record a steady increase in mobile money usage, with latest official statistics showing that mobile money use grew by 5 percent in the first quarter of this year. Mobile money is particularly important in countries such as Zimbabwe where the authorities are …

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