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British Investors Scramble for Zim

The United Kingdom’s Department for International Trade (DIT) is swamped with an overwhelming number of British businesspeople keen on exploiting business opportunities in Zimbabwe. The UK’s Trade Director for Southern Africa in the DIT, Ms Elena Williams, said her government was inundated with British businesspeople who are rushing for Zimbabwe. …

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Irrigation Scheme Stirs Tuli Farmers’ Hope

A view of a large lush green maize field at the Tuli-Lushongwe irrigation scheme in Gwanda district, about 160km southeast of Bulawayo, Zimbabwe’s second largest city, helped Pretty Ncube to stay positive even when she felt the whole world was falling apart at some point. It means a lot to …

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Forex Incentives Lure More Tobacco Farmers

More than 116 000 farmers have registered for the 2017 /18 marketing season, representing a 42 percent increase from 82 110 farmers who registered during the same period last year. At least 33 307 of the 116 000 farmers are new growers. The increase in registration has largely been influenced …

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Maridadi, Mandiwanzira Clash Over Telecel Stake

There were cheers in parliament this Thursday as opposition MDC-T legislator for Mabvuku Tafara James Maridadi exchanged tough words with ICTs minister Supa Mandiwanzira. The two clashed over the minister’s decision to lead government into purchasing a stake in the struggling mobile phone company Telecel. Mandiwanzira was appearing before the …

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Unilever Invests $8m in Operations

By Enacy Mapakame Food, home and personal care products producer, Unilever Zimbabwe, has invested $8 million into its operations in the country in the last five years, creating businesses for over 100 000 local enterprises across value chains. Unilever Africa president Bruno Witvoet, said his company’s emphasis was not only …

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Zim Attracts $3bn FDI in 7 Weeks – ED

By Cletus Mushanawani Zimbabwe has attracted over $3 billion foreign direct investment (FDI) in the past seven weeks, President Mnangagwa has said. Addressing thousands of Zanu-PF supporters from four districts of Mashonaland Central Province at Siyalima Primary School here yesterday at his inaugural provincial rally, the President said it was …

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SK Meets Italian Envoy

By Farirai Machivenyika A Zimbabwean business delegation will visit Italy this month to present investment opportunities to potential investors in the European country. This was revealed by Italian Ambassador to Zimbabwe Mr Enrico De Agostini when he paid a courtesy call on Energy and Power Development Minister Simon Khaya Moyo …

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Electronic Money Hits 96pc of Transactions

By Kudzanai Sharara Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobile money. While the use of electronic forms of payment came as a result of cash shortages, it puts …

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Remittances Down 11 Percent

Inward international remittances into Zimbabwe for the year 2017 amounted to $1,4 billion, an 11 percent decrease from $1,6 billion in 2016. Out of the $1,4 billion, Diaspora remittances amounted to $698,9 million. “The bank is encouraged by the trend where authorised dealers are investing in enabling technologies that broaden …

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