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Sikhulekelani Moyo, [email protected] WITH the country now expected to import more grain to supplement domestic food reserves due to the El Nino-induced drought this season, economic experts say this will adversely affect the economy. Farmers across the country are unlikely to harvest anything after their crop succumbed to moisture stress, prompting the Government to activate its […]
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Business Writer THE Government’s decision to release the 2024 Annual Borrowing Plan (ABP) has been met with positive reactions from analysts and other key economic actors, who see it as a significant step towards greater transparency and potential redevelopment of a secondary market for State debt. Last week, the Zimbabwe Public Debt Management Office (ZPDMO) […]
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Sikhulekelani Moyo, [email protected] THE French Agricultural Research Centre for International Development (Cirad) has introduced projects such goat keeping and value addition of non-timber products in Binga District as part of community empowerment. Established in 2018 under the Sustainable Wildlife Management (SWM) programme, the intervention seeks to capacitate locals to tackle human-wildlife conflict in a sustainable manner. […]
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Midlands Bureau PROMINENT and River Valley Properties Private Limited Company’s group chief executive officer Dr Smelly Dube today led Gweru residents and Government officials in cleaning parts of Woodlands suburb in the city. President Mnangagwa launched the national clean-up programme in December 2018 based on moral persuasion urging all citizens to clean their environment between […]
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Leonard Ncube, [email protected] GOVERNMENT has granted licenses to a number of Independent Power Producers (IPPs) to start generating a combined total of 271MW of renewable energy. Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube and his Energy and Power Development counterpart, Cde Edgar Moyo, jointly handed over the agreements to the representatives of […]
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Senior Business Writer QUICK service restaurant Simbisa Brands Limited’s board has resolved to declare an interim dividend of US$0,62 per share and a further dividend of US$174 277 to the Simbisa Employee Share Trust. The interim dividend for the period under review declined by 29,5 percent to US$0,62 from US$0,88 declared during the same period […]
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Business Writer IN a move set to bring payment convenience to tertiary students, parents and guardians, mobile money service provider, EcoCash, has partnered with nine local university institutions across the country as the country’s leading digital financial services platform widens its footprint. The universities include Midlands State University (MSU), National University of Science and Technology […]
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Sikhulekelani Moyo, [email protected] ZIMBABWE’S trade deficit narrowed by 42,8 percent to US$152,4 million in January 2024 from US$266,3 million recorded in December 2023, with South Africa and China being major source countries of imports, official statistics show. Trade deficit occurs when a country’s value of imports is greater than the value of exports in a […]
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Nqobile Bhebhe, [email protected] THE Zimbabwe National Road Administration (Zinara) committed $229 billion in 2023 towards servicing its loan from the Development Bank of Southern Africa (DBSA) secured to finance the rehabilitation of the 860km Plumtree–Harare–Mutare Highway, a firm indication on the parastatals financial discipline in adherence to contractual obligations. The road agency says the significant […]
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Business Writer Zimbabwe took advantage of the just-ended 2024 Edition of Meetings Africa tourism event in South Africa to unlock the Meetings, Incentives, Travel, Conferences, and Exhibitions (Mice) market potential for the benefit of the country’s economy. Meetings Africa is the continent’s leading Mice show, which offers a one-stop shop networking platform for destination management […]
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Nelson Gahadza, Harare Bureau Tanganda Tea Company says investments in green energy have mitigated the impact of limited power supply from the national grid and reduced diesel consumption by standby generators. The company has invested in green energy through the installation of three independent battery-supported solar energy plants at three of its five estates. The […]
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Leonard Ncube, [email protected] GEOPOLITICAL tensions, increasing debt and the negative impact of climate change are some of the major challenges that negatively affect Africa’s economic growth momentum. Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, said this today at the ongoing 56th Session of the United Nations Economic Commission for Africa (UNECA) Conference of […]
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Sikhulekelani Moyo, [email protected] CONFEDERATION of Zimbabwe Industries (CZI) and the Zimbabwe Investment and Development Agency (ZIDA) on Tuesday met with some stakeholders to review Special Economic Zone (SEZs) policies, regulations and incentives accruing to local investors. ZIDA is the Government’s investment promotion agency, responsible for facilitating domestic and foreign investment in the country. Zida offers incentives […]
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Nqobile Bhebhe, [email protected] ONLY 60 percent of an estimated 1,2 million registered vehicles in the country are license compliant, Zimbabwe National Road Administration (Zinara) chief executive officer Mr Nkosinathi Ncube has said. In his operational overview for the period between January 1 and December 31, 2023, Mr Ncube said the country had 1,2 million registered vehicles […]
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