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GENERAL Motors (GM) Zimbabwe recorded an increase in sales for the year to December 2014 as the company market share rose to 20 percent. This comes as the firm’s authorised local dealer, Autoworld, secured the highest market share by the third quarter of last year with Isuzu sales grabbing 11.4
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Tinashe Makichi Harare Bureau The total value of transfers and transaction on mobile money services for the nine months to September 2014 increased by about 36 percent to $403 million from $296 million recorded in the previous quarter. Latest statistics released by the Postal and Regulatory Authority of Zimbabwe for the third
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Lovemore Zigara Business Correspondent ZVISHAVANE-BASED platinum miner, Mimosa Mining Company has poured more than $1,4 billion into the economy over the last five years in various investments and initiatives, a senior company executive has announced.
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Charity Ruzvidzo Business Reporter ECONET Wireless Zimbabwe chief executive officer (CEO) Douglas Mboweni recently scooped a top international award for business leadership.
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ZIMBABWE’S balance of trade continues be in deficit as the country’s growth rate decelerates. The trade deficit widened to $3,3 billion in December 2014 from $2,97 billion in November but declined by 21,2 percent from $4,19
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Harare Bureau NMB Bank has not floated another tender for its two-year $50 million mortgage-backed Small to Medium Enterprises bond issue which opened during the last quarter of 2013 after the Bank managed to raise funds from other sources.
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Lovemore Zigara Business Correspondent THE Zimbabwe Miners Federation (ZMF) plans to set up two chrome smelters in the Midlands province in a move aimed at empowering small-scale miners.
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Oliver Kazunga Acting Business Editor BROKERAGE firm, MMC Capital projects said the equities market will this year maintain a bearish trend on the back of a prolonged economic underperformance underpinned by liquidity constraints that characterised much of 2014.
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Business Reporter AFRICAN countries should mobilise domestic resources and plug illicit financial outflows which are haemorrhaging more than $50 billion annually if the continent is to develop.
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Harare Bureau THE government has stepped up efforts to capacitate the Export Credit Guarantee Corporation (ECGC) whose major role is to boost exports.
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Oliver Kazunga Acting Business Editor More than 2,000 transactions valued at $82 million have been settled at the Zimbabwe Stock Exchange since implementation of the Central Securities Depository (CSD) last August.
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Martin Kadzere Business Reporter THE Exim Bank of China has released $65 million for NetOne’s network expansion. The money, which is 30 percent deposit of the total credit facility, was released to Huawei International of China, a company contracted to undertake the
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Charity Ruzvidzo Business Reporter ABC Holdings (ABCH) has appointed Dr Blessing Mudavanhu as the group’s acting chief executive officer and Wallace Sikachoma group acting chief financial officer following a management shake-up last year.
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Oliver Kazunga Acting Business Editor AIM-listed concern, Sable Mining Africa, is set to start exploration work at its Liberation Mine in Lubimbi in Matabeleland North this month after receiving an undisclosed capital injection for the project.
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