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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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Decisive Action Needed On Debt Collection

By Zvamaida Murwira Harare City Council should make a decisive action on strategies to recover the money it is owed by business and residence so that it can use the revenue generated in various developmental projects for the residents who are yawning for improved service delivery. Mr Speaker Sir, Harare …

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Broke Zim Government Buys Fuel Firm

President Emmerson Mnangagwa’s impecunious government paid an undisclosed amount to buy fuel company Trek Petroleum last week, which was recently encumbered by a $45 million tax liability, raising questions about the motives behind the transaction. Although Energy and Power Development Minister, Simon Khaya Moyo, made the disclosure in Parliament on …

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Zim, UK in Discussions Over Technical Support

By Ndakaziva Majaka Britain’s Department for International Development (DFID) says it is in discussions with the government for the UK agency to avail technical assistance, as Zimbabwe works on economic reforms. Head of DFID Zimbabwe, Annabel Gerry, last week told The Financial Gazette that the British government was “very keen” …

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Africa Albida Tourism Announces New General Manager

Africa Albida Tourism hospitality group is delighted to announce the appointment of Dustin Kennedy as General Manager of its Victoria Falls Safari Lodge estate. Mr Kennedy, who took up his new position in Victoria Falls on February 12, replaces Jonathan Hudson who left in October 2017. Africa Albida Tourism (AAT) …

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ED’s ‘Open for Business Call’ Charms Investors

President Mnangagwa’s call that Zimbabwe is open for business is already bearing positive fruits with renowned South African company Radiant Lighting signing a partnership agreement with Nations Hardware and Electrical for the supply of industrial and home lighting solutions in the country. In his inaugural speech on November 24, 2017, …

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Parly – Councils Blast Zinara Over Snow Graders

Local Rural district councils have blamed the snow graders scandal on parastatal Zimbabwe National Roads Administration’s (Zinara) failure to consult them before procurement. At least 40 motorised snow graders worth $8 million were bought from a company called Univern in 2012 by the roads authority for onward distribution to councils. …

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