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RBZ ultimatum to building societies

RBZ Governor John Mangudya Senior Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has given building societies up to March 31, 2017 to submit detailed plans on housing development projects they intend to embark on between now and next year. In the 2017 Monetary Policy statement presented last week, RBZ …

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Minister calls on farmers to take advantage of ZITF

ZITF Business Reporter THE Government has called on farmers to participate at the upcoming Zimbabwe International Trade Fair (ZITF) and take advantage of the trade showcase to penetrate the export market. This year’s trade fair will be held from April 25 to 29 under the theme, “Harnessing Linkages for Industrial …

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‘2017 trade deficit to fall 35 percent’

Desire Sibanda The Government is anticipating a 35 percent decline in the country’s trade deficit to $1,537 billion by the end of this year. The 2016 trade deficit figure reached $2,833 billion, which was higher than previously  estimated despite a number of interventionist measures implemented during the course of last …

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Will the road network cope with grain movement?

Conrad Mwanawashe Bumper Harvest IN the last few months I had the privilege of travelling to different parts of the country starting with the Eastern Highlands, Manicaland and Mashonaland East and was struck by the deplorable state Zimbabwe’s roads are in. From the tea estates in the Eastern Highlands in …

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Satellite-based flood monitoring boosts disaster response

Jeffrey Gogo Climate Story SINCE last October, torrential rains have pounded much of Zimbabwe, causing rivers, including Save, the country’s biggest, to overflow, with dozens of dams spilling, and thousands of acres of cropland swamped. By the first week of February, more than 100 people had died, over 1 000 …

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Stanbic launches ‘Host to Host’ banking service

Business Reporter STANBIC Bank has launched an innovative financial solution called “Host to Host” for its corporate clients in Zimbabwe. The bank says the innovative approach is a response to the desire to meet specific needs of clients by providing a service that is “fit for purpose”. “Host to Host …

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Millers want 40% import tariff on maize, mealie-meal

Mr Tafadzwa Musarara THE Grain Millers’ Association of Zimbabwe (GMAZ), which represents the country’s major milling companies, wants the Government to impose a 40 percent tariff on imports of maize and mealie-meal because it is struggling to compete with cheaper South African equivalents grown from genetically modified seeds. The imports …

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$10 million package for exporters

Ms Sithembile Pilime Oliver Kazunga, Senior Business Reporter THE national export promotion agency, ZimTrade, is mobilising a $10 million export revolving fund to be availed to local firms before the end of this year towards boosting the country’s exports. In an interview on the sidelines of a seminar on how …

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