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Brighton Gumbo Business Reporter BULAWAYO Mayor councillor Martin Moyo will leave the country for France next month on a mission to scout for investors to revive the city’s industries. According to the latest council minutes, Clr Moyo was invited to attend the Prime Business Destination Forum in Cannes, France on October 12
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Harare Bureau PAN-AFRICAN commodity miner, Mwana Africa Plc’s share price has plunged almost 54 percent on the Alternative Investment Market since board changes that booted out two Zimbabwean directors and founding chief executive, Kalaa Mpinga.
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Harare Bureau The Zimbabwe Energy Regulatory Authority has so far licensed five solar projects valued at $250 million which are expected to produce 160 megawatts (MW). Zera chief executive Engineer Gloria Magombo told our Harare Bureau yesterday that licensed solar power projects are at different stages within the
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Conrad Mwanawashe Harare Bureau ZIMBABWE is intensifying engagement with global creditors to seek out an accommodation on debt arrears and is targeting key international financiers on the sidelines of the annual meetings of the multilateral institutions in Lima, Peru next month.
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The government is planning to set up audit committees in all ministries to enhance transparency and ensure that audit findings are implemented. In an interview, Auditor General Mildred Chiri said the Finance and Economic Development Ministry was working on modalities to introduce the committees
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Oliver Kazunga Senior Business Reporter ONE of the country’s largest commercial banks, ZB Bank has scored a first by launching deposit-taking Automated Teller Machines. Speaking at a cocktail for the media hosted by the financial institution in Bulawayo on Saturday night, ZB Financial Holdings group corporate services head Shadowsight
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Oliver Kazunga Senior Business Reporter BULAWAYO City Council (BCC) has missed its income target of $3.488 million by over $134,000 after the government delayed approving the local authority’s 2015 budget. According to the latest council minutes, between January and August, BCC accrued income of $3.354 million against the expected
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Lovemore Zigara Midlands Correspondent THE country’s second largest platinum producer, Mimosa Mining Company is set to finalise feasibility studies early next year to pave way for the expansion of the Zvishavane-based mine. Mimosa which is jointly owned by Aquarius Platinum and Impala Platinum, the two largest platinum producers in the world,
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Mobile money transfers declined by 7.7 percent to $406 million in the first quarter this year compared to the last quarter of 2014, latest statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) show.
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Brighton Gumbo Business Reporter THE University of Zimbabwe (UZ) will next year introduce a Competition Law degree programme to assist the country adopt and enforce effective competition law and policy. In an interview, the Competition and Tariff Commission (CTC) acting director Benjamin Chinhengo said this would be in line
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Johannesburg – The rand turned softer against the dollar yesterday after South African Reserve Bank (Sarb) data showed only a slight improvement in net foreign exchange reserves during August.
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Harare Bureau The government, through its wholly owned enterprise Zarnet, has acquired a controlling 51 percent stake in fellow information communication services provider, Portnet. The acquisition of Portnet gives the government, including parastatals and State enterprises, an alternative local provider of Systems,
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Platinum producer, Zimplats has said it is targeting a 47 percent increase in production next year at 280, 000 ounces from 190,027 ounces achieved in the year ended June 30, 2015.
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Oliver Kazunga Senior Business Reporter African Potash has signed a Memorandum of Understanding to supply 150,000 tonnes of fertiliser to the Comesa. The trading agreement follows the signing of a landmark partnership with the Common Market for Eastern and Southern Africa
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