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Data providers in bruising rat race

AS mobile broadband service providers compete for the hearts and wallets of local consumers, a bruising rat race is gradually developing in the sector, raising hope prices might decline to reasonable levels by regional standards. While ZOL Zimbabwe, a unit of Liquid Telecom, is locked in a race with State-owned …

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DNA Tests for Bus Crash Victims

Photo: New Zimbabwe Victims of the horrific accident were reportedly burnt beyond recognition. By Munyaradzi Musiiwa Government has started Deoxyribonucleic Acid (DNA) tests on 20 passengers who were burnt beyond recognition following a horrific accident that happened when a South Africa-bound Proliner Bus was sideswiped by a haulage truck and …

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RBZ pays $120m in export incentives

Minister Chinamasa Oliver Kazunga, Senior Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has so far paid out about $120 million to local exporters under the bond note export incentive scheme introduced towards the end of last year. The payments also include incentives on Diaspora remittances. In March 2016, the …

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Govt mulls Birchenough Bridge rehabilitation

Birchenough Bridge Tinashe Makichi Business Reporter Government is weighing the possibility of building a new bridge at Birchenough Bridge after a feasibility study showed that there was a marginal gap between funding for a replacement structure or rehabilitation. This comes after a feasibility study revealed that Government would require $35 million …

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IDBZ seeks partners for $250m capitalisation

Infrastructure Development Bank of Zimbabwe (IDBZ) Business Reporters THE Infrastructure Development Bank of Zimbabwe says it is looking at partnering international development finance institutions to meet the $250 million desired capitalisation target by end of next year, but this will largely depend on the ongoing re-engagement between the Government and …

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$1bn to be set aside for Command Agric

Deputy Minister Marapira Michael Tome Business Reporter GOVERNMENT plans to fund crop and livestock production to the tune of $1 billion over the next five years. Addressing farmers at a field day held at Seed Co’s Rattray Arnold Research Station, Deputy Minister of Agriculture Davis Marapira said the funds would be …

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Bank-Shy Businesses to Lose Licences – Minister

Photo: Nehanda Radio Zimbabwe’s Finance Minister Patrick Chinamasa. By Zvamaida Murwira Government will withdraw trading licences for businesses that will be convicted of failing to deposit their daily sales with financial institutions, a Cabinet Minister told Parliament yesterday. Finance and Economic Development Minister Patrick Chinamasa said they were crafting a …

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ZCTU Picks Judge to Draft Labour Bill

By Kudzai Kuwaza AS the fallout from government’s decision to handpick labour lawyer Rodgers Matsikidze to draft proposed amendments to the Labour Act continues, the Zimbabwe Congress of Trade Unions has contracted a retired judge to draft its own amendments to the Act, businessdigest has established. Matsikidze presented the proposed …

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A Look Into South Africa Credit Rating Downgrade

COLUMNBy Tinashe Kaduwo South African Finance minister Pravin Gordhan was sacked by President Jacob Zuma in a cabinet reshuffle and S&P Global cut Africa’s most advanced economy’s credit rating to junk status. What a week for Zimbabwe’s largest trading partner! The developments in South Africa sent the rand into turmoil …

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Stop the Rot in Parastatals!

COLUMNBy Lloyd Gumbo Sometimes one wonders if corruption in Government institutions will ever end. And whether corporate governance will ever work in Zimbabwe. How about institutions that are in place to fight corruption, are they there to fight graft or to exacerbate it? Do people get into public institutions to …

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