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Leonard Ncube in Victoria Falls— STATE-OWNED mobile phone operator, NetOne, is gunning for $200 million revenue generation this year. The firm has roped in an investor as it moves to launch 4G technology to expand its business in a highly competitive telecommunications industry. The move could steer the pioneer mobile phone operator,
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WE know the column as “Are Investments Sexy?” and now newly branded Financial Freedom (The Real Deal). The weekly column seeks to stir strong emotional debate for a better financial well being for the individual, country and continent as we believe “So as man thinketh so s/he shall be”. We believe as
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Oliver Kazunga Senior Business Reporter THE Zimbabwe Revenue Authority (Zimra) has extended the tax amnesty period by three months to June this year following a request by businesses and their representatives. The government granted the amnesty to defaulting firms last year to allow them to rectify tax offences committed between February 2009 and
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Harare Bureau TELECEL Zimbabwe could well be on the way to normalise its compliance issues with the Postal and Telecommunications Regulatory Authority of Zimbabwe, which is currently looking at representations from the company. Speaking on the sidelines of the Innovation Africa Digital Summit this afternoon, Potraz
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PRETORIA Portland Cement, Zimbabwe says it has recorded a four percent growth in sales in the first quarter of 2015 compared to the prior year, but warned that the current economic slowdown could lead to slower growth in the second quarter. The company also projected a three percent increase in sales for the
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THE value of transactions processed through the National Payment Systems (NPS) slumped 28 percent to $938,9 million in the week ending April 2, 2015 from $1,3 billion recorded in the previous week. According to statistics from the Reserve Bank of Zimbabwe weekly economic report, this was mainly on
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Harare Bureau DELTA Corp, the country’s largest listed company says revenue for the full year to March 2015 declined 6 percent due to the decline in sales volumes for lagers and soft drinks. But the company sees improved demand across its product portfolio following price cuts, Delta said in a trading update yesterday. In the last
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Oliver Kazunga Senior Business Reporter— THE 13th Innovation Africa Digital (IAD) summit kicks off in Victoria Falls today with more than 500 participants expected to attend. Intense deliberations are lined up for the largest information and communication technology (ICT)s’ gathering on the continent, which runs under the
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Walter Mswazie Masvingo Correspondent ABOUT 25,000 households are set to benefit from the Tokwe-Mukorsi Dam through irrigation farming, a senior official has said. Masvingo Provincial Minister of State Shuvai Mahofa told Vice President Emmerson Mnangagwa during his recent visit to the province that the dam project would help boost food
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Molline Gagare Business Reporter ASTROMOBILE, a Zimbabwean firm that manufactures mobile phone handsets and flat screen television sets, has opened shop in Zambia. Riding on increased sales at home, the firm is targeting recruiting up to 1,000 workers while plans are underway to expand the business across Africa. The company has
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ZIMBABWE has recorded a 12 percent growth in exports to $868.7 million in the first three months of the year compared to the same period last year driven by mineral shipments, latest central bank figures have shown. Reserve Bank of Zimbabwe exchange control deputy director Tayengwa Chitauro told delegates
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Lovemore Zigara Midlands Correspondent THE Zvishavane Town Council has partnered Mimosa Mining Company to rehabilitate some of the local authority’s major roads. Under the agreement, the platinum mining firm will avail funding for rehabilitation of Duke Street, which links the road between Bulawayo and Gweru and another road linking
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Harare Bureau The Reserve Bank of Zimbabwe has started re-orienting its exchange control department to become a body that facilitates a favourable doing business environment which can attract foreign direct investment. The central bank is of the view that in order to gain confidence in the market, it was sticking to the
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Harare Bureau MEIKLES Limited has hinted it will proceed with its decision to sue the Zimbabwe Stock Exchange after it claimed efforts to reconcile following differences over alleged “discrepancies” in its debt with the Reserve Bank of Zimbabwe failed. In a highly charged statement to stakeholders on Friday, chairman John
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