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Government Eases Zimbabwe Visa Requirements

Zimbabwe has announced a new visa regime which sees visitors some 29 more countries applying for visas on entry. The development is part of ongoing government efforts to improve the country’s accessibility in order to boost economic growth. The visa regime has three categories; Group A which does not require …

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Unpacking the New Monetary Policy

By Persistence Gwanyanya The 2018 Monetary Policy Statement (MPS) was couched on the “open for business” narrative, which places the obligation on everyone to conduct business in a manner that promotes investment in the country. This narrative suggests that lack of investment, which is itself occasioned by capital constraints, is …

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ED’s Botswana Trip Bears Fruits

President Mnangagwa’s working visit to Botswana could bear early fruits after the Zimbabwean business delegation that accompanied the President was offered opportunities to export agricultural produce to that country. The mineral rich country imports the bulk of its food requirements, shipping in an estimated $500 million annually worth of agricultural …

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Business to Meet Kagonye, Mangudya

Captains of industry will meet Labour minister Petronella Kagonye as well as Reserve Bank Governor John Mangudya next month which will help them to strategise going forward, businessdigest has learnt. This is a follow-up to the meeting held between the Employers’ Confederation of Zimbabwe and Kagonye last month. The meeting …

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Cash Shortages Affecting ZB Financial Holdings

Cash Shortage have led to minimized borrowing from customers which in turn led to the decrease in net earnings from lending and trading activities by 15%, from US$17.5 million to US$14.8 million, ZB Financial Holdings has revealed. According to the Group Chairman. Ronald Mutandagayi’s financial report for the year ended …

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Time to Beneficiate Our Diamonds

Zimbabwe’s potential to become one of the world’s top suppliers of diamonds has never been in doubt since the Marange diamond rush in 2005. What has, however, been in doubt is its capacity and capability to extract full value out of the resource. Just like any novice in the business, …

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‘Kariba South Cost Not Inflated’

By Golden Sibanda State power utility Zesa Holdings has reiterated the factors behind the $178 million cost disparity between extensions to Kariba South and Kariba North power stations, saying this was due to auxiliary works and other inescapable development expenses. Zesa, through its generation arm, Zimbabwe Power Company, signed a …

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Ipec Closes Down 224 Pension Funds

The Insurance and Pension Commission (IPEC), an industry regulator, has closed down more than 224 occupational pension funds in the past 13 months as they had become unviable. Occupational pension funds usually manage collective retirement schemes, which help employees when they retire. In order to consolidate the industry and safeguard …

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From NetOne With Love

By Eddie Chikamhi Football’s all-weather partner NetOne delivered a perfect Valentine’s Day present when they unveiled a $1 million sponsorship package for the country’s Big Three Clubs — Dynamos, Highlanders and CAPS United — in Harare last night. The giant mobile telecommunications company made the commitment to serve domestic football …

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Court Nullifies Property Attachment

By Cyril Zenda The High Court has reversed the attachment of an upmarket Harare property after the wife of the debtor, who is the co-owner of the house, challenged the process on the basis that her own share had been unlawfully included in the attachment. Olivia Mukoko successfully challenged the …

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