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Business Reporter PROFESSOR Mthuli Ncube, a distinguished Bulawayo-born financial economics guru, has been chosen to address the 2015 African Economic Forum (AEF) this coming weekend in New York City.
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EMERGING markets private equity group Abraaj has raised more than $1.3 billion for two funds investing in Africa, the largest amount amassed for direct deals across the continent, people aware of the matter say.
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Patrick Chitumba Midlands Bureau Chief THE Traffic Safety Council of Zimbabwe (TSCZ) has been taken to the labour court by five of its top provincial managers for underpaying salaries to the tune of over $150,000 minus 15 percent interest.
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Business Reporter THE Motor Industry Pension Fund will hold board of trustees’ elections for Matabeleland region this week after completion of the same exercise in Mashonaland last week.
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Lovemore Zigara Midlands Correspondent AN inter-ministerial taskforce will soon be set up to review water and power tariffs to farmers in order to enhance increased productivity, a senior official has said.
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LOW-COST African airline Fastjet plans to raise $75 million through the issue of new ordinary shares at 0.1p a share. It said last Thursday that the money will be used to fund its expansion programme that involves among others buying an additional Airbus.
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Fairness Moyana recently in Dete DETE Industrial Ceramics is set to finalise construction of a new brick making plant, which is expected to churn out 100,000 refractory bricks per month.
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Prosper Ndlovu Business Editor THE crafting of the new labour laws, a critical step in enhancing increased investment and industrial production, is on course with the draft bill expected to be out by June this year, a Cabinet Minister has said.
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ZIMTRADE, in collaboration with the Confederation of Zimbabwe Industries (CZI), is coordinating the participation of local companies at the Zambia Agricultural and Commercial Show (ZACS) to be held in Lusaka from July 29 to August 3, 2015. The show will be held under the theme, “Innovation beyond the Golden Jubilee”, in recognition of the fact […]
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Senior Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has moved to tackle externalisation of funds by licensing approved foreign exchange agents to transfer limited amounts of cash by individuals out of the country.
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Senior Business Reporter FARM equipment maker Zimplow Holdings’ total implements volumes grew five percent in the year ended December 31, 2014, spurred by a blossoming export demand of 11 percent compared to the prior year.
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STANBIC Bank Zimbabwe has reported a 13 percent growth in net profit to $20,6 million for the full year to December 2014, spurred by an increase in fees and commissions income.
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Oliver Kazunga Senior Business Reporter THE People’s Own Savings Bank (POSB) is back in the black after posting a $1,25 million profit in the year ended December 31, 2014, recovering from a loss of $209,000 in the prior year.
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Molline Gagare Business Reporter REGIONAL banking group ABC Holdings’ BancABC Zimbabwe subsidiary has availed $5 million for on-lending to small to medium enterprises (SMEs) and co-operatives for financing their medium to long term projects.
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