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ZFU Distributes 300 Phones to Agriculture Extension Officers

The Zimbabwe Farmers’ Union, (ZFU) through support from Technical Centre for Agricultural and Rural Cooperation (CTA) is distributing 300 Android mobile phones to Agricultural Extension officers who will be information contact persons, disseminating important information on Climate Smart Agriculture practices from the Union to the farmers. The three hundred extension …

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Oil prices rise

Oil prices rose yesterday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling US crude inventories. Brent crude futures were up 97 cents, or 1,4 percent, at $72,72 a barrel at 7:21 a.m. ET (1121 GMT). Brent, the international benchmark …

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Water conservation: Time to up the game

Water is a very important resource giving life to humans, plants and animals. Water is quite a strategic resource that is also at the centre of socio-economic activities that include agriculture, health, energy, manufacturing, tourism, transport and construction among others. However, it must be appreciated that water is a finite …

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Gold prices slip

Gold slipped yesterday, pressured by technical selling after repeatedly failing to breach $1 300 this week, though US sanctions on Chinese telecoms company Huawei dented risk appetite and limited bullion’s losses. Spot gold was down 0,2 percent at $1 294,31 an ounce, holding in a relatively narrow range of about …

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US$800m to oil interbank market

Tawanda Musarurwa Senior Business Reporter Fiscal and monetary authorities are working to enhance the effectiveness of the interbank foreign exchange market by taking steps that will release around US$800 million into the market, Finance and Economic Development Minister Mthuli Ncube has said. The interbank market was introduced this February to …

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Zim realises $455m from mineral sales

BY MTHANDAZO NYONI ZIMBABWE realised about $455 million from mineral sales, excluding gold and silver, in the first quarter of the year, with chrome being the biggest contributor, an official has said. “The first quarter was not bad for all our minerals. In total, the country produced about 399 000 …

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Govt’s erratic payments affect procurement

BY TATIRA ZWINOIRA GOVERNMENT procurement processes are being weighed down by delays in releasing payments for goods and services, NewsDay has learnt. “The issue of arbitrage pricing mainly comes from the lack of confidence the private sector has in government. Government was a bad debtor. It was known that when …

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Restrictive economic environment hits Afdis

BY MTHANDAZO NYONI SPIRITS and wine maker African Distillers Limited (Afdis) says it has not resumed cider exports into the region due to the prevailing restrictive economic environment. The currency distortions are making it hard for Afdis to price its products. Afdis had been exporting into the region after it …

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Medtech records $1,4m profit after tax

BY MISHMA CHAKANYUKA MEDTECH Holdings posted a profit after tax of US$1,4 million in the year ended December 31, 2018 from a loss of US$459 279 in 2017, but the company has warned of imminent stock outs emanating from failure to pay debts owed to foreign creditors. In a statement …

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Restrictive economic environment hits Afdis

BY MTHANDAZO NYONI SPIRITS and wine maker African Distillers Limited (Afdis) says it has not resumed cider exports into the region due to the prevailing restrictive economic environment. The currency distortions are making it hard for Afdis to price its products. Afdis had been exporting into the region after it …

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