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Bring to Book Rogue Forex Dealers

REPORTS that some police officers mandated to eliminate crime are at the forefront of illegal foreign currency trading in Harare, are disturbing. Police officers, being the watchdogs of society, should be showing us the way and not otherwise. They must lead by example and play their role to fight corruption …

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No Progress in Re-Equiping Industry

By Cloudine Matola Government says it has not made progress in terms of retooling industry but will now focus on providing companies with funding to boost raw material procurement, a government official has said. Industry requires US$500 million to retool and rehabilitate machinery. Zimbabwe is facing challenges accessing foreign currency …

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39 000t Maize Seed Expected

By Elita Chikwati The seed industry is expecting 39 000 tonnes of certified maize seed on the market as preparations for the 2019/20 summer cropping season take off. Farmers usually require between 35 000 and 40 000 tonnes of maize seed, but this may vary depending on demand. Zimbabwe Seed …

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Agric Revival Critically Needed

By Faith Zaba Government last week said nearly seven million Zimbabweans, in both urban and rural areas, face starvation due to drought. This is an alarming food insecurity situation, as those vulnerable constitute 42% of the country’s total population. Finance minister Mthuli Ncube said last week at the Alpha Media …

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Harare Cancels U.S.$134 Million Waste-to-Energy Project

By Andrew Kunambura Harare City Council (HCC) has terminated a memorandum of understanding (MoU) it signed with Dutch company Integrated Energy BV (IEBV) in May for the construction of a US$134 million waste-to-energy incinerator at the Pomona dumpsite on the outskirts of Harare after the firm demanded an upfront payment …

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Power Blackouts Force Zim Firms to Shut Down

By Kudzai Kuwaza, Kudzai Kwinjo and Chipa Gonditii Zimbabwe’s economy could grind to a halt if power outages gripping the nation persist as production plunges, exports decline, companies lay off staff and disposable incomes shrink, after it emerged that manufacturing companies are going for up to 18 hours without electricity. …

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GMB Maize Monopoly Challenged

By Bridget Mananavire Two local businesspeople have approached the High Court seeking the invalidation of Statutory Instrument (SI) 145 of 2019 which gave the Grain Marketing Board (GMB) a monopoly over the importation and sale of maize in the country. Through the legislation, the government last month made GMB the …

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Mthuli Ordered to Disclose Real Debt

By Bridget Mananavire Parliament has given Finance minister Mthuli Ncube up to September 30 to disclose the terms and conditions of all public loans and loan guarantees that have not been published, with legislators casting doubt over the country’s foreign debt, which they say is grossly understated. In its first …

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Farmers Challenge Banning of Private Maize Sales

By Mary Taruvinga Two farmers Allan Markham and Clever Rambanapasi aggrieved by the banning of private maize sales by the government have approached the High Court to contest the move. Markham is a philanthropist who buys and sells maize in communities to support many charities. “One of the works I …

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Power Outages Severely Erode Companies’ Productive Capacity

By Cloudine Matola Surface Wilmar, one of Zimbabwe’s largest cooking oil producers, says power outages, poor industrial policies and lack of competitiveness are hampering the country from attracting investors. Speaking during a tour of the company’s plant on Tuesday in Chitungwiza, Surface Wilmar chairperson Narottan Somani said the country was …

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