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Tobacco auction floors for Mash West

Michael Tome Business Reporter The Tobacco Industry and Marketing Board (TIMB) says it is has received an application to open auction floors in Mashonaland West Province in a bid to decongest the traditional Harare auction floors. Tobacco sales floors have constantly been overwhelmed with (tobacco) farmers from across the country …

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Listed entities stick to USD reporting standards

Zimbabwe Stock Exchange listed companies that have released their financial results to date, have resorted to the use of old reporting standards as they await detailed guidelines from various regulators, Business Weekly has established. The need to change reporting standards was necessitated by the long awaited decision by the Reserve …

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ZimTrade, Schweppes win Sadc awards

Business Reporters National trade development and promotion body, ZimTrade and a local beverage processor, Schweppes Zimbabwe Limited, were on Wednesday awarded Southern African Development Community (Sadc) accolades for coming out tops in different categories at an event held in Windhoek – Namibia. ZimTrade was awarded the Sadc Annual Quality Award …

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Beitbridge-Harare Road Rehab On Track

Government through the Central Mechanical Equipment Department (CMED) has procured a US$700 000 road reclaimer to quicken the rehabilitation of the Beitbridge-Harare-Chirundu Road. Speaking in Beatrice where the Department of Roads have started rehabilitating the highway after completing a three-kilometre detour, Transport and Infrastructural Development Minister Joel Biggie Matiza said …

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Non-performing parastatals warned

Africa Moyo recently in BEITBRIDGE President Mnangagwa has warned parastatals that continue to under-perform despite Government support saying days of perennial poor performances and failure to complete projects they would have embarked on are over. The President said this in Beitbridge on Wednesday during the commissioning of the National Backbone …

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Gold Deliveries Up 30 Percent

GOLD deliveries to Fidelity Printers and Refineries (FPR) have recorded a 30 percent increase for the months of January and February this year compared to the same period last year, an early indication that the 40 tonnes annual target set by Government could be achieved. Government has this year set …

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Tobacco to Boost Foreign Currency Inflows

Zimbabwe’s 2019 tobacco marketing season commences on Wednesday next week according to the Tobacco Industry and Marketing Board (TIMB) amid high expectations the golden leaf will boost foreign currency inflows. Traditionally, the marketing season kicks off in February, but was delayed this year due to late planting resulting from late …

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40 Tonnes Gold Target Attainable – Fidelity

State gold buying arm, Fidelity Printers and Refineries (FPR), is confident deliveries of the yellow metal will this year hit the 40 tonnes target set by Government as deliveries started picking up in the month of February after a lethargic start in January. Government has this year set an ambitious …

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Econet Launches International Business Process Outsourcing Centre

The Econet group today unveiled the OmniContact – a standalone ‘business process outsourcing’ (BPO) unit that will offer local and foreign businesses, both private and public enterprises, a wide range of specialized outsourced services, designed to free them to focus on their core activities as well as reduce their capital …

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Data Charges Expected to Drop By 40 Percent

The commissioning of National Backbone Optic Fibre Link connecting Harare, Bulawayo, Masvingo and Beitbridge will necessitate data charges to drop by 40%, Information Communication and Technology minister Kazembe Kazembe has said. Kazembe was addressing delegates who gathered for the commissioning of Telone Backbone Fibre Optic Links by President Emmerson Mnangagwa …

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