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Minister announces new ZIA board

Dr Obert Mpofu THE Government is concerned with the lack of coordination in the manner in which the country is receiving investors, a Cabinet Minister has said. Macro-Economic Planning and Investment Promotion Minister Dr Obert Mpofu said this when he announced a new board for the Zimbabwe Investment Authority (ZIA). …

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AfDB approves $400m facility for SMEs

Senior Business Reporter THE African Development Bank (AfDB) has approved over $400 million to financial institutions across Africa for on-lending to small and medium enterprises (SMEs) across the continent. The regional financier said it provides significant financial resources to reach SMEs including through its non-sovereign operations. “In 2016 alone, the …

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Mzembi leads Zim delegation to ITB Berlin

Dr Walter Mzembi Business Reporter TOURISM and Hospitality Industry Minister, Dr Walter Mzembi is leading a Zimbabwe delegation to the International Travel Bourse (ITB) to be held in Berlin, Germany this week. The expo, which has attracted over 185 countries, kicks off tomorrow ending on Sunday. Zimbabwe Tourism Authority (ZTA) …

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Companies Act review on course. . . To be ready H1 2017

Dr Ray Ndhlukula THE amendment of the country’s Companies Act (Chapter 23:04) is progressing well with the bill set to be promulgated within the first half of this year, an official has said. The review of the Companies Act is part of broader initiatives by the Government to improve the …

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Quality standards key to economic growth

Ms Sithembile Pilime Leonard Ncube in Victoria Falls DELEGATES at the just ended 2nd African Regional Standardisation (ARSO) conference have recommended the establishment of a Pan African quality standardisation policy to promote harmonisation of economic activity on the continent. Participants resolved last Friday that quality standards were key to economic …

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SA chicken import wars: Wake up call for Zim

Prosper Ndlovu THE South African poultry industry is in serious distress due to the heavy influx of cheap chicken imports mainly from Europe. Recent media reports from the neighbouring country indicate that imports have put a strain on dozens of poultry farmers who feel at risk of losing business amid …

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Cost of living declines

Oliver Kazunga, Senior Business Reporter THE cost of living declined by 0.92 percent last month to $585,07 due to sales promotions by some supermarkets and the confidence brought by the introduction of bond notes. According to a survey conducted by the Consumer Council of Zimbabwe (CCZ) based on an urban …

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Choppies Zim basks in profit

REGIONAL retail group Choppies says its Zimbabwean operations have returned to profitability despite the difficult economic conditions that have slowed down consumer spending. The Botswana-headquartered grocer will release its half year financial results ended December 31 on March 14. Chief executive officer Ramachandran Ottapathu said in a statement ahead of …

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ZB, Transnational resolve long standing dispute

Oliver Kazunga, Senior Business Reporter ZB Financial Holdings says it has resolved its long standing dispute with Transnational Holdings Limited (THL) over the control of Intermarket Holdings Limited. In October 2006, the Group adopted a new monolithic brand and formally changed its name to ZB Financial Holdings Limited. This change …

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