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Econet launches car-tracking service

Earlier today we attended the very elaborate launch of mobile operator Econet’s new service called the Econet Connected Car which is part of a new range of products that Econet is calling Connected Lifestyles. The main delivery was by Dorothy Zimuto, the COO for Econet Connected Car, who outlined Econet’s …

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State Procurement Board in tender furore

THE State Procurement Board (SPB) has been caught in the eye of the storm once again amid revelations that it breached procurement regulations by restricting a tender for the construction of 300 megawatts (MW) solar plants in Matabeleland South Province to six bidders who had earlier participated in a failed …

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Tanganda diversifies

MUTARE, October 14 – Zimbabwe’s largest tea producer, Tanganda says it will invest $2 million in the construction of an avocado pack house at its Avontuur Estate to boost revenue as the company completes its diversification programme. The facility, to be constructed in two phases is, expected to be completed …

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West jealous of Zim-China ties

Western countries that imposed illegal economic sanctions on Zimbabwe, are threatened by China’s growing business ties with Zimbabwe and other African countries and are making spirited efforts to scuttle the Asian country’s deals through a media onslaught, Chinese Ambassador to Zimbabwe, Mr Lin Lin has said. Responding to questions while …

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Unity of purpose crucial for economic turnaround: Gono

HARARE – Former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has called for unity of purpose if the country entertains any hopes of turning around the economy that is on a downward spiral. Speaking at a speech and prize-giving ceremony at Daramombe High School in Chikomba District at the …

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Zim rushes to create sovereign fund

Sovereign Wealth Funds have been attracting a lot of attention in recent years as more countries establish funds and invest more capital in a wide range of assets. Nesbert Ruwo At least US$6 trillion in assets are being held by these funds globally. But the question is, should every country …

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AfrAsia Finally Pays Nigel Chanakira

MAURITANIAN group, AfrAsia Holdings Limited, has finally paid for Nigel Chanakira’s 30 percent stake in financial services group, AfrAsia Zimbabwe Limited (AZL). Zimbabwe Investment Authority chairman, Nigel Chanakira. Zimbabwe Today can exclusively reveal that Chanakira was paid about US$2,5 million in line with a shareholder resolution for his forced exit from …

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Will ZANU-PF Cave In To IMF Advice?

AFTER a two-week-long visit, the International Monetary Fund (IMF) has called upon Harare to review its indigenisation policy and slash its wage bill by nearly 80 percent. The demands have put ZANU-PF between a rock and a hard place. Long known to favour populist policies ahead of implementing pragmatic solutions, …

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Mugabe to meet business leaders

PRESIDENT Robert Mugabe is expected to meet with business leaders before year end to get an understanding of the challenges that the industries are facing as the sector continues on a free-fall, a Cabinet official has said. BUSINESS REPORTER Speaking at a Confederation of Zimbabwe Industries breakfast meeting yesterday, Industry …

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No Oil Reserve in Zimbabwe

HARARE – Zimbabwe has no proven oil deposits, deputy Mines minister Fred Moyo has said. His remarks come on the back of media reports that the land-locked country could be having oil and gas reserves, according to an exploration exercise performed about two decades ago. However, Moyo — a former …

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