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Harare Bureau THE Zimbabwe Power Company (ZPC) will only be allowed to generate a maximum of 475MW from the 750MW capacity Kariba South Hydro plant due to water rationing by the Zambezi River Authority. Water allocation for the plant has been revised down to 40 billion cubic metres from 45 billion shared equally
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Tapuwa Justice Mashangwa Agriculture Column IN the face of adversity and challenges the best humans can do is to keep steadfast, be proactive and progressive. When one loses their job, their self-preservation is threatened as one knows that some of their basic needs — food, water, shelter and clothing — might not be adequately met. However, despite
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Lovemore Zigara Midlands Correspondent GWERU-based ferrochrome producer Zimbabwe Alloys Ltd (ZimAlloys) has commissioned a new jig and spiral concentrator which will see the company increasing its output four-fold at its metal recovery dump. ZimAlloys, which was acquired 10 years ago by a local consortium, Benscore, pins its revival hopes
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Analysis Robert Ndlovu ONCE upon a time there used to be a postage stamp that one bought to stick on an envelope which contained a “hand written” letter. The price of the stamp varied with the distance that the letter had to travel to its destination. This postal service was so solid and pretty reliable and was a […]
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Mining Correspondent THE Tongogara Community Share Ownership Trust (TCSOT) has disbursed $600,000 towards socio-economic development projects in 24 wards in Shurugwi District, an official has said. The money was released mid-July to finance phase three projects with each ward getting $25,000. The trust was established in
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By Adekeye Adebajo LAST month I attended the African Leadership Forum in the Tanzanian capital of Dar es Salaam on the theme of Moving Towards an Integrated Africa. The meeting was hosted by former Tanzanian president Benjamin Mkapa’s Uongozi Institute and was attended by former presidents Olusegun Obasanjo
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Marvelous Moyo Gwanda Correspondent THE Grain Marketing Board (GMB) has started paying farmers in Matabeleland South part of the money it owes them for maize deliveries in the 2013/14 marketing season. The troubled parastatal has been struggling to clear its arrears, which economists blame for frustrating food production by farmers. GMB
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Lloyd Gumbo Harare Bureau AN announcement by President Mugabe on Tuesday that the government would introduce laws that attract investment should see Chinese investors flocking to Harare, outgoing Chinese ambassador to Zimbabwe Lin Lin has said. President Mugabe made the remarks in his State of the Nation Address in Parliament.
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From George Maponga in MASVINGO ZAKA Super Seeds, which produces hybrid maize and cowpeas seed for both local and the export market, has embarked on a massive expansion drive that will see over 2,000 indigenous farmers from around the country venturing into commercial seed production through irrigation. Currently, about 750 small-holder
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Cape Town — The SA Reserve Bank (Sarb) will be keeping a careful eye on the rand on Monday, while analysts speculate on a further interest rate hike in November following the currency’s dramatic plunge. The rand briefly fell to its lowest recorded level of R14.07/$ overnight and steadied out at R13.20/$ by
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ABUJA (Reuters) – Nigeria’s economic growth slowed sharply in the second quarter as lower crude prices took their toll on Africa’s biggest economy and top oil producer. Annual growth dropped to 2.35 percent from 6.54 percent a year earlier, the Nigerian Bureau of Statistics (NBS) said late on Tuesday. Oil production fell
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KAMPALA — Uganda’s aggressive interest rate increases have led the central bank to trim its forecast for economic growth this fiscal year, saying there had to be a trade-off between output and fighting inflation, its governor said. The Bank of Uganda has raised its benchmark lending rate a total of 500 basis points
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Cape Town — While South Africa’s economy is on a downward slope now, it will resurge and “go up as it has always done in the past”, Deputy President Cyril Ramaphosa told journalists in Tokyo on Tuesday. Ramaphosa, who is leading a delegation of government and business leaders on a trip to Japan, told the
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LONDON — Gold slipped yesterday, tracking losses in other markets as concerns remained about China’s economic slowdown even after it eased monetary policy. Global stocks have lost more than $5 trillion since China unexpectedly devalued its currency on August 11, but a short-lived recovery on Tuesday,
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