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Econet Sets the Record Straight

Econet Wireless has issued a statement denying reports that its network faces collapse due to the non-payment of a foreign debt to a network platform supplier. “Econet Wireless is aware of an inaccurate message doing the rounds on some social media groups, quoting unnamed sources who claim that the company …

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Botswana Based Company Commits to Revive Defunct Parastatal

A Botswana based Indian company, which signed a five year deal to revive the moribund government owned Lancashire Steel has said it is committed to revive the parastatal once government signs the requisite agreements. A year since Whinstone Enterprises and Lancashire Steel signed a deal to revive the wire manufacturing …

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Miners’ Body Applies for Fuel Import Licence

The Zimbabwe Miners’ Federation (ZMF) has applied for a licence to import fuel for its members. In an interview last week, ZMF chairman Mr Makumba Nyenje said the move will ease pressure on service stations which have been battling to supply fuel. “We have applied for the licence because miners …

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Sand Abstraction Can Boost Zim’s Irrigation Potential

Most of the country’s low rainfall areas are prone to seasonal droughts resulting in acute water supply problems for both humans and animals. In these dry and arid parts, people and animals are forced to travel long distances in search of water. Agriculture in most areas in the country is …

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Amandla Brands explores new markets

By Moses Mugugunyeki Amandla Brands, a local food processing start-up which won CBZ’s Youth Entrepreneurship Programme (YEP), says it is exploring new markets, with the introduction of a new product range designed to bring convenience to the traveller. The company’s managing director, Sympathy Sibanda-Mazuruse, told NewsDay that the new range …

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Support soyabean production to increase output: OEAZ

OIL Expressers Association of Zimbabwe (OEAZ) says the country’s soyabean production needs urgent support so as increase output and cut reliance on imports. Zimbabwe requires at least 400 000 metric tonnes of soyabean annually, but the country produces a paltry 60 000 matric tonnes. OEAZ chairman Busisa Moyo told delegates …

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Africa’s 2019 business outlook

The following article is a summary of Dr Martyn Davies’ presentation at Deloitte’s recent Africa in 2019 Outlook Conference, which took place in Johannesburg. South Africa-based Davies is managing director for emerging markets and Africa at Deloitte. At the 2018 Africa Outlook conference key trends unfolding on the continent at …

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