Zinara up to date with DBSA payment

Hebert Zharare The Zimbabwe National Road Administration (Zinara) has repaid half of the $206 million loan from the Development Bank of Southern Africa (DBSA), secured to finance the rehabilitation of the 860 km Plumtree – Harare – Mutare Highway. This comes as the Private Public Partnership (PPP) between Zinara and …

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Women’s bank opens

Ruth Butaumocho Business Reporter The much awaited women’s bank opened its doors to the public on Tuesday, bringing to an end an anxious hiatus among prospective customers who had been waiting for the financial institution to start operating. The opening of the Zimbabwe Women Microfinance Bank further consolidates Government’s commitment …

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Ghana industries oppose Africa FTA

The Association of Ghana Industries (AGI) says the ratification of the African Continental Free Trade Agreement (AfCFTA) by Ghana will expose the country to a flood of foreign goods from African countries. It, therefore, questioned why Parliament was swift to approve the agreement which could dwindle revenues from import duties, …

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Govt programme major boost for Harare roads

The Emergency Road Rehabilitation Programme (ERRP) is a Government of Zimbabwe programme that was initiated in order to rehabilitate the country’s road network that had been extensively damaged during the 2016 /2017 rainy season. It is the new political dispensation’s thrust for Zimbabwe to have a well-developed, trafficable and safe …

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Govt launches motor industry policy

Africa Moyo Business Reporter Government has launched the Zimbabwe Motor Industry Development Policy (ZMIDP) that is expected to see the sector ramping up capacity from the current levels of under 10 percent to full capacity by 2030. The ZMIDP is scheduled to run from this year to 2030, with a …

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UK-based entrepreneur links small-scale farmers with foreign investors

A UNITED Kingdom-based Zimbabwean entrepreneur has launched an agricultural investment platform which will connect small-scale and communal farmers with local and foreigners seeking to invest in agriculture. BY BUSINESS REPORTER The platform, www.Farmvest.biz, is the brainchild of Michael Matope. Matope said Farmvest.biz realised that the demand for agriculture and agricultural …

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Storm at Telecel over ownership

A STORM has rocked Telecel Zimbabwe over its ownership structure, as two directors James Makamba and Gerald Mlotshwa, are both claiming chairmanship of the country’s third largest telecoms group. BY BUSINESS REPORTER Makamba, through Empowerment Corporation (EC), a 40% shareholder in Telecel, has held the chairmanship since inception in 1998, …

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Zambia firm plans $15m gas project

A ZAMBIAN-BASED company, Chingases Limited, has revealed plans to invest at least $15 million in Bulawayo in gas production, an official has said. BY MTHANDAZO NYONI In an interview with journalists on the sidelines of the Bulawayo special economic zones breakfast meeting organised by Alpha Media Holdings and Bulawayo City …

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Govt consults on second-hand vehicle policy

THE government’s decision on whether to increase surtax for imported second-hand vehicles will only be made after consultations with motor industry stakeholders, an official has said. BY TATIRA ZWINOIRA Speaking at the official launch of the Zimbabwe Motor Industry Development Policy (ZMIDP) yesterday in Harare, Industry, Commerce and Enterprise Development …

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Zero tolerance to litter

Solid waste management remains one of the topical environmental issues confronting many urban local authorities in Zimbabwe. Piles of waste are seen on most road side and open spaces. Littered roads seem to be the order of the day in most urban centres. Sections 73 of the Constitution of Zimbabwe …

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