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Power Blackouts Force Zim Firms to Shut Down

By Kudzai Kuwaza, Kudzai Kwinjo and Chipa Gonditii Zimbabwe’s economy could grind to a halt if power outages gripping the nation persist as production plunges, exports decline, companies lay off staff and disposable incomes shrink, after it emerged that manufacturing companies are going for up to 18 hours without electricity. …

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ICC Suspend Zim, Freeze Funding and Put All Tours On Hold

By Eddie Chikamhi A DARK cloud hung over Zimbabwe Cricket yesterday after the International Cricket Council suspended the country from its membership and outlawed it from all activities held under their banner. The ICC, who concluded their annual conference in England yesterday, voted unanimously for the suspension of Zimbabwe Cricket, …

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GMB Maize Monopoly Challenged

By Bridget Mananavire Two local businesspeople have approached the High Court seeking the invalidation of Statutory Instrument (SI) 145 of 2019 which gave the Grain Marketing Board (GMB) a monopoly over the importation and sale of maize in the country. Through the legislation, the government last month made GMB the …

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Airzim Gets Fresh Hope for International Flights

By Andrew Kunambura STRUGGLING flag carrier Air Zimbabwe (AirZim) might regain its wings to fly internationally after a Netherlands-based company, Knighthood Capital (Knighthood), recently tabled an offer to partner the airline in a deal which, if successful, will see the company facilitating the parastatal’s access to leased planes. The Zimbabwe …

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Mthuli Ordered to Disclose Real Debt

By Bridget Mananavire Parliament has given Finance minister Mthuli Ncube up to September 30 to disclose the terms and conditions of all public loans and loan guarantees that have not been published, with legislators casting doubt over the country’s foreign debt, which they say is grossly understated. In its first …

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