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THE recently established National Building Society (NBS), a wholly owned subsidiary of the National Social Security Authority (NSSA), will soon take over the pension fund’s land bank for construction of low cost housing across the country, a Cabinet minister has said.
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Midlands Correspondent PROMINENT Gweru businesswoman and reigning Zimbabwe National Chamber of Commerce (ZNCC) national businesswoman of the year Mrs Smelly Dube has scooped the Midlands most outstanding businesswoman for 2015 for a record sixth successive time.
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Business Reporter INNSCOR Africa’s listed quick service restaurant business, Simbisa Brands, says it is open to trading in different currencies in support of the multiple-currency system.
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STATE-owned mobile telecoms operator NetOne says it is now recording improved daily revenues following the introduction of a competitive tariff on calls.
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Walter Mswazie THE government is crafting a policy on renewable energy meant to address supply gaps and create a good environment for investment in the sector, a senior government official has said.
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Prosper Ndlovu Business Editor— FINANCE Minister Patrick Chinamasa says the government made a “mistake” when it prematurely pronounced the introduction of bond notes before ascertaining the possible issuance date with the printers. The Reserve Bank of Zimbabwe (RBZ) unveiled the $200 million bond note strategy, a critical
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Oliver Kazunga Senior Business Reporter AIR Zimbabwe has applied to the United Kingdom for certification to resume the Harare-London route as part of its gradual approach to route expansion. The airline was forced to suspend the Harare-London route in 2012 by the London navigation agency over a $2,8 million debt that Air Zimbabwe is negotiating to
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Chris Ndlovu Bond Notes Analysis BOND notes should have been introduced a decade ago to save the country from externalisation of cash and the prevailing economic challenges. After so many negative comments regarding the introduction of bond notes, Zimbabweans are blinded by backyard economic commentators that have very little
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Business Editor THE Senate has demanded urgent action on the revival of Ziscosteel after the collapse of the $750 million Essar Africa Holdings deal last year. Debating in the Upper House last Thursday, Senators put Industry and Commerce Deputy Minister Chiratidzo Mabuwa to task on failed promises over the resuscitation of the
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Victoria Falls Reporter DATES for the 2016 Hwange Agricultural Show have been set despite concerns over the low response from exhibitors. Organisers say the event would be held between August 4 and 7 under the theme “Unlocking the potential of SMEs for employment creation”. Over the years the show has failed to live to expectations
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Prosper Ndlovu Business Editor— THE Common Market for Eastern and Southern Africa (Comesa) has eliminated 168 Non-Tariff Barriers (NTBs) out of 172, which were reported since 2008 as regional integration efforts intensify. The most recent NTB to be resolved was between Swaziland and Zimbabwe, said Comesa in a notice on its official
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Oliver Kazunga Senior Business Reporter AIR Zimbabwe is technically insolvent and must urgently review its strategic plan to transform itself into a vibrant entity, a Parliamentary Portfolio Committee has heard. In a report presented before Parliament on Thursday, the Transport and Infrastructural Development Parliamentary Portfolio Committee chaired by
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Oliver Kazunga Senior Business Reporter ZIMBABWE’S exports in the first five months of the year amounted to $949 million compared to imports valued at $2,07 billion. Latest figures released by the Zimbabwe National Statistics Agency show that the country is heavily skewed towards consumptive products following a significant drop in raw material
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THE World Bank says the Rapid Results Approach (RRA) will help Zimbabwe find an expedient solution to the current cash shortages. The RRA is an increasingly popular method for improving performance within large organisations and multi-sectoral partnerships, which utilises specially structured,
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