Zim in good position for Chinese investment

Golden Sibanda Senior Business Reporter China, the world’s second largest economy after the United States, says political and economic changes that have happened in Zimbabwe put the country in good stead to benefit from funding support China has set aside under the Belt and Road Initiative. The Asian tiger has …

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Water conservation: Everyone’s responsibility

It is now in the public domain. The forecast for the next season has revealed that the country stands to be affected by El Nino, which will see Zimbabwe receiving normal to below normal rains. This is not the first time for Zimbabwe to stand affected by this phenomenon, having …

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Why Ncube must worry about the new inflation figures

The sharp rise in inflation figures from 5,39% to 20,85% highlights worsening fiscal and monetary situation in the country, bringing in sharp focus the challenges Finance minister Mthuli Ncube is facing. BY TATIRA ZWINOIRA Ncube had for the past few months been touting a 6% inflation figure in the medium …

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Econet shares conversion to dilute shareholders’ equity

BY TATIRA ZWINOIRA Yesterday, EWZL made an offer to debenture holders to convert 1 166 906 618 debentures into new ordinary shares subject to shareholder and regulatory approval, a move meant to increase the company’s capital. “The offer involves the conversion of all 1 166 906 618 debentures (long-term securities) …

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‘Budget to be linked to output, impact’

Oliver Kazunga Bulawayo Bureau The 2019 national budget allocations will be premised on projected output and impact that the resources will bring to economic transformation, Finance and Economic Development Minister Professor Mthuli Ncube, has said. He said this while giving his overview remarks on the Parliamentary pre-budget seminar that ended …

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AMA slows cotton inputs distribution

Business Reporter The distribution of cotton inputs is being slowed due to a shortage of Agricultural Marketing Authority data capturing officers at distribution points. In terms of AMA regulations, inputs distribution is done in the presence of officers who are responsible for capturing data on inputs, which cotton companies would …

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Air Zim administrator meets creditors

Africa Moyo Senior Business Reporter Air Zimbabwe Administrator Reggie Saruchera, yesterday said he will convene the first meeting of creditors of Air Zimbabwe Holdings (Private) Limited and Air Zimbabwe (Private) Limited to discuss a number of  thorny issues including proving claims. Mr Saruchera of Grant Thornton said the creditors meeting, …

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Modi invited to gold, jewellery summit in India

Bulawayo Bureau The Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate at the second edition of the India Gold and Jewellery Summit to be held in New Delhi on November 23 and 24. Key …

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CardEx, Entrust Datacard partner for Zim market

Michael Tome Electronic card producer CardEx, has partnered a United Arab Emirates-based firm Entrust Datacard with a view to entering the Zimbabwean market. There has been growing demand for electronic cards on the local market as electronic payments have become the order of the day. The CardEx-Entrust Datacard partnership is …

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Gold easies

Gold prices fell yesterday as the dollar held near a multi-month high buoyed by interest from investors seeking cover from sliding stocks and by prospects for higher US interest rates. Spot gold was down 0,1 percent at $1 201,08 per ounce at 1251 GMT. Prices had slipped to their lowest …

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