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The self-confessed mathematics nerd

BLESSING Mudavanhu has obtained a doctorate, worked on Wall Street, headed a bank and started his own financial advisory firm — all before reaching the age of 46. The self-confessed mathematics nerd founded Dura Capital in New York in 2006, initially to make African investments. Early this year he stepped …

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Metallon seeks fresh energy sources . . . as firm loses 428hrs

Africa Moyo Businessmen Reporter LOCAL industries need a US$4 billion resource envelope to retool, buy raw materials and build from the foundations of Government’s import restrictions, according to the Confederation of Zimbabwe Industries (CZI). Companies are struggling to attract fresh capital and lines of credit due to illegal sanctions imposed …

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US$525m spent on grain imports

Business Reporter GRAIN imports have haemorrhaged more than US$525 million from Zimbabwe’s economy in the two years to 2016, grain millers say. About 70 percent of the amount – US$390 million – was spent last year as Government reacted to the El Nino-induced drought. Overall, it is estimated Zimbabwe could …

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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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