Gold inches lower

Gold prices inched lower yesterday as the dollar held firm below a 19-month peak on safe-haven demand amid concerns of a global economic slowdown, and as investors awaited cues on US interest rate hikes from a Federal Reserve meeting this week. Spot gold was unchanged at $1,238.12 per ounce at …

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‘Small grains seed stock adequate’

Enacy Mapakame Business Reporter The Grain Marketing Board (GMB) has assured farmers in drought prone areas of adequate stocks of small grain seed under the Presidential Well Wishers Input Scheme. Small grains, such as sorghum, millet and rapoko thrive in dry regions. Due to their drought resistant nature, farmers especially …

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Govt receives $1m AfDB grant to fight cholera

THE African Development Bank (AfDB) yesterday extended a $1 million grant to Zimbabwe which will be used to combat cholera. BY STAFF REPORTER Country manager Damoni Kitabire said although the regional bank would not extend any loans to Zimbabwe until the southern African country settled its arrears, it had committed …

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November inflation surges to 31% : ZimStat

ZIMBABWE’S year-on-year inflation rate for the month of November gained 10,16 percentage points to 31,01%, the statistics agency reported yesterday. BY FIDELITY MHLANGA This means prices, as measured by the all items CPI [consumer price index], increased by an average 31,01% between November 2017 and November 2018. According to the …

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S&P drops Zim companies

S&P Dow Jones says it will remove Zimbabwean domiciled companies from its indices next Monday due to local inflationary pressures and forex shortages, a development that will constrain the country’s ability to attract foreign investment. BY TATIRA ZWINOIRA The platform is widely used by investors to benchmark performance of listed …

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Zim hotels ranked among best

Leading United Kingdom newspaper, The Telegraph, has named several local hotels as among the best on the continent. BY Staff Reporter It comes at a time when Zimbabwe is already experiencing a surge in tourist arrivals, which is expected to continue, with three iconic travel guides — Frommer’s, National Geographic …

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Mines minister

GOVERNMENT will soon unveil a platinum policy to provide the framework for developing the sector, Mines minister Winston Chitando has said. By Freeman Makopa Platinum is one of the two minerals, along with diamonds, in which the local ownership law requiring 51% local ownership still applies. However, the Zimbabwe government, …

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Managing groundwater resources When you think of a country’s water resources, you may not realise that there are many kinds. Some is surface water, such as dams and rivers. There’s also groundwater, which includes aquifers and, in some places, artificial recharge schemes that transfer surface water below-ground to store it. …

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Urgent action on climate change needed

Jeffrey Gogo Climate Story Deputy Minister for Agriculture and Climate Mr Vangelis Haritatos has called for “urgent climate action in order to safeguard human life, livestock, wildlife and infrastructure,” as the global climate negotiations ended in Poland on Friday. At press time, the talks had entered their final day without …

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