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Will ZANU-PF Cave In To IMF Advice?

AFTER a two-week-long visit, the International Monetary Fund (IMF) has called upon Harare to review its indigenisation policy and slash its wage bill by nearly 80 percent. The demands have put ZANU-PF between a rock and a hard place. Long known to favour populist policies ahead of implementing pragmatic solutions, …

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Mugabe to meet business leaders

PRESIDENT Robert Mugabe is expected to meet with business leaders before year end to get an understanding of the challenges that the industries are facing as the sector continues on a free-fall, a Cabinet official has said. BUSINESS REPORTER Speaking at a Confederation of Zimbabwe Industries breakfast meeting yesterday, Industry …

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No Oil Reserve in Zimbabwe

HARARE – Zimbabwe has no proven oil deposits, deputy Mines minister Fred Moyo has said. His remarks come on the back of media reports that the land-locked country could be having oil and gas reserves, according to an exploration exercise performed about two decades ago. However, Moyo — a former …

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NetOne re-invents Call Box

NetOne marketing director Memory Ndoro said the chatter box uses a NetOne SIM card and all one need to do is to insert your card in the machine and then follow instructions on the screen. The Chatter Box works exactly like the cellphone except that it is wired to the …

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Econet launches EcoSchool

ECONET Wireless Zimbabwe is targeting to register 70% of local university students on its digital education platform within 18 months, an executive said. BUSINESS REPORTER Speaking at the EcoSchool national launch in Harare yesterday, Econet Services chief executive officer Darlington Mandivenga said the product was not a solution for Zimbabwe …

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Diamond Leakages at Chiadzwa

ILLEGAL diamond activities have soared at Chiadzwa amid reports that underpaid workers at the firms are supplying several carats of the precious mineral to a new crop of foreign buyers that have flooded Mutare. A month-long investigation by this paper has shown that disgruntled employees at the mines who are …

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Coinage system vital for Zim economy

IF government manages to deliver on its promise that US$20 million worth of special coins will be in introduced into the Zimbabwean economy next month or in December, hard-pressed local consumers will at least go to Christmas with something to smile about even if that will only make transactions easier, …

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Zimbabwe seeks Infrastructure funds

Zimbabwe is seeking financial assistance from the PTA Bank to help spearhead infrastructure development in the country. Finance minister Patrick Chinamasa last week pleaded with the Eastern and Southern African Trade and Development Bank to release more money into infrastructure development in the investment-starved country. “My challenge is to address …

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