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Emirates eating our cake, says Airzim boss

AirZim Lloyd Gumbo Senior Reporter— Air Zimbabwe is opposed to the granting of licences to foreign airlines such as Emirates to carry passengers between Harare and Lusaka, saying such a move disadvantages the national airline. Air Zimbabwe chief executive officer Captain Ripton Muzenda last week told the Parliamentary Portfolio Committee on Transport …

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African tech start-up creates story writing robot

Business Correspondent CONTROVERT Media, an African tech start-up, has created and is using artificial intelligence robots to automatically write and post news articles on the internet. Artificial Intelligence robots — or “bots”, for short, are created by software developers in order to take on repetitive tasks that are ordinarily completed …

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Hotel standards have gone down: Minister

Minister Mushowe Business Reporter ZIMBABWE’S hotel rates are generally competitive if compared to regional countries but what is lacking locally is value for money, a Cabinet Minister has said. In the past, the country has been touted to be one of the expensive tourist destinations on the continent. Acting Minister …

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CBZ profits down 32 percent

CBZ Holdings Limited has reported a 32 percent decline in after-tax-profit to $23,7 million in the full year to December 31, 2016 from $35,2 million in the prior year as the financial services provider experienced pressure on margins given the reduction of interest rates. In 2015, the Reserve Bank of …

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Mat’land farmers call for ZITF cattle sales resumption

Oliver Kazunga, Senior Business Reporter FARMERS in Matabeleland are crying foul over the suspension of cattle sales at the Zimbabwe International Trade Fair (ZITF) show grounds in Bulawayo. The cattle sales, which attracted farmers from across the region, were suspended by the Ministry of Agriculture, Mechanisation and Irrigation Development in …

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New PPC plant gives NRZ lifeline

Mr Larry Mavima THE National Railways of Zimbabwe (NRZ) says it has moved one million tonnes of freight between October 2016 and February this year following the purchase of 31 wagons from China to boost its capacity, thanks to cement maker PPC’s new plant in Harare. The company last year …

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Bird watchers flock to Victoria Falls

Leonard Ncube in Victoria Falls A RARE bird species is making waves in Victoria Falls with scores of tourists flocking to the resort town to have a glimpse of it. On Saturday, British Airways and South African Airways, both from Johannesburg, were full when they landed at the Victoria Falls …

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Pay rise unlikely in 2017 – Survey

Prosper Ndlovu, Business Editor THREATS of retrenchment and delays in payment of salaries continue to haunt the economy as more companies opt for restructuring and downsizing operations in order to remain viable, a survey has shown. In its national salary survey for 2016, Stratways Management Consulting, a Bulawayo-based labour consultancy …

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DRC ripe for Zim exports, says Ambassador

Mawampanga Mwana Nanga Oliver Kazunga, Senior Business Reporter THE Democratic Republic of Congo (DRC) is ready to do business with Zimbabwe and local companies should take advantage of the cordial relations existing between the two countries to export to that country. DRC Ambassador to Zimbabwe, Mr Mawampanga Mwana Nanga, said …

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