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Oliver Kazunga Acting Business Editor THE country’s three mobile phone operators are today expected to reduce their tariffs to 15 cents per minute from 23 cents across networks in line with the Postal and Telecommunications Regulatory Authority’s (Potraz) directive.
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Oliver Kazunga Acting Business Editor Bulawayo Thermal Power Station which was shut down mid last month for maintenance work is back on line adding 20 megawatts to the national grid.
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Charity Ruzvidzo Business Reporter POULTRY producers in Bulawayo have increased the price of eggs due to high demand this festive season. One of the city’s major poultry suppliers, Higrow Poultry Company, said there was increased demand for eggs this festive season.
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Charity Ruzvidzo Business Reporter THE Zimbabwe Commercial Farmers Union (ZCFU) has urged farmers to plant short season varieties to boost food security. ZCFU president Wonder Chabikwa said planting short season varieties would cover up for the season that started late.
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THE Zimbabwe Stock Exchange recorded its biggest year to date loss since dollarisation at the end of the year yesterday. The benchmark Industrial Index lost 19.46 percent as weak foreign investor sentiment and the tight liquidity constraints in the local pool weighed down
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Martin Kadzere Harare Bureau The government has increased support to cotton farmers with the aim of improving yields and quality, Agriculture, Mechanisation and Irrigation Minister Joseph Made has said.
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Labour Matters Davies Ndumiso Sibanda AS small businesses become major employers of labour there is a sudden increase in labour disputes between small business owners and employees and in the majority of cases employers are in the wrong and the errors are costly.
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Oliver Kazunga Acting Business Editor THE Reserve Bank of Zimbabwe (RBZ) says liquidity and credit risk remain the major challenges facing the financial services sector since the adoption of the multi-currency system in February 2009.
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Oliver Kazunga Acting Business Editor THE African Development Bank (AfDB) has approved $70 million for the rehabilitation of Kariba Dam plunge pool and spillway. The regional financier said approval of the funding was made on December 15 during its board of directors’ ordinary sitting held in
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Business Reporter SINO-ZIMBABWE does not see any changes in the production capacity of its cotton business in the coming year. This is in spite of efforts by the company to boost capacity by acquiring new equipment for its production plant.
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Tinashe Makichi Business Reporter ZESA Holdings’ subsidiary Powertel has become the first company to have fibre connectivity via Botswana. The power utility also plans to roll out a $32 million fibre optic backbone network project set to improve the country’s connectivity. The
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JOHANNESBURG – The rand was steady against the dollar but slightly weaker against other major currencies yesterday morning. With little data due — both domestically and internationally — the rand is expected to trade in a narrow range in the last week of the year.
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Business Reporter FIDELITY Life Assurance of Zimbabwe has started the process of dissolving its joint venture with South Sudanese short term insurer, National Insurance Company of South Sudan.
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Business Reporter ZIMPLOW shareholders yesterday approved a capital raising initiative to raise $5 million through a rights offer of about 78 million shares to existing shareholders to retire expensive debt mainly incurred from the takeover of Tractive Power Holdings.
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