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Everybody Wants a Share of the Cake

President Mnangagwa’s stance on downsizing large farms to accommodate other land seekers should be applauded. The need to equitably distribute farming land in Zimbabwe is still a cause for concern as some blacks are still marginalised, while others have had more than their fair share of the national cake with …

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Gweru Gets $2,6m for Roads

By Mukudzei Chingwere The Zimbabwe National Roads Administration (Zinara) has allocated an additional $2,6 million to Gweru City Council for its road rehabilitation programme. The local authority has been rehabilitating major roads linking the Central Business District and the suburbs. Gweru Mayor, Councillor Charles Chikozho, confirmed that the city had …

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Fuel Prices Trek Upwards

Fuel prices have marginally increased in the country — by between 1c and 4c in the last two weeks — despite a recent drop in prices of up to 15 percent on the international market. Oil prices shot to $66 per barrel on the international market on January 25 prompting …

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Afdis H1 Net Income Up 57pct

Wine and spirits maker African Distillers (Afdis) reported a 57 percent rise in after tax profit to $2,8 million in the six months to December, 2017 from $1,8 million in the prior comparable period. Revenue rose 18 percent to $16,5 million from $13,98 million in the same period in the …

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Essar Deal Haunts Ziscosteel Workers

The collapse of a Government and Essar Africa Holdings $750 million deal meant to revive Ziscosteel is still haunting employees of the steel giant who are reeling in debt due to loans they accessed from banks when the deal was signed in 2010. When the deal was signed, the Essar …

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Audit Launched At Zimdef

By Abigail Mawonde Government has appointed PricewaterhouseCoopers to carry out a forensic audit at the   Zimbabwe Manpower Development (Zimdef), with the firm expected to come up with a report at the end of this month. Zimdef falls under the Ministry of Higher and Tertiary Education, Science and Technology Development. It …

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Govt to Revive Abrasives Firm, Says Minister Ncube

Governement has intervened to revive Caridorn Abrasive, the country’s sole producer of abrasives, sand papers and explosives, which stopped operations due to water and electricity disconnections. The company stopped operations in 2010 after failing to pay its water and electricity bills when the owners Murray and Roberts left unceremoniously, leaving …

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Lands Committee to Downsize Farms

By Fungai Lupande Mashonaland Central’s Mazowe District lands committee yesterday resolved to identity large and underutilised farms for redistribution. This follows an address by President Emmerson Mnangagwa in Mvuma recently where he said big farms should be downsized to enable more people to benefit from land redistribution. Some of the …

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Zimtrade, Botswana Investment and Trade Centre Sign MOU

The national trade development and promotion body, ZimTrade, last week signed a MoU with Botswana Investment and Trade Centre (BITC) during the Zimbabwe-Botswana Business Forum held in Gaborone last week. The Forum was attended by the President of Zimbabwe, and senior government officials and business people from Botswana and Zimbabwe. …

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Botswana Set to Sign Diamond Deal – Report

Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone. According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit. Mnangagwa toured the world …

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