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Inflation hits post-dollarisation high

THE year-on-year inflation rate stood at 5,39 % in September, the highest since dollarisation, latest data from the Zimbabwe National Statistical Agency (ZimStat) shows. BY FIDELITY MHLANGA This is the highest figure since the country abandoned its own currency and adopted a multicurrency basket anchored on the United States dollar …

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AMH, govt patch up

ALPHA Media Holdings (AMH) chairman Trevor Ncube yesterday described the media house as a patriotic stakeholder in the country, with a duty to help the country realise its long-awaited prosperity. BY OBEY MANAYITI FROM LEFT: Alpha Media Holdings (AMH) chairman Trevor Ncube, Information minister Monica Mutsvangwa, her deputy Energy Mutodi, …

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Listed property firms gain ground

Enacy Mapakame Property Reporter Zimbabwe Stock Exchange (ZSE) listed property firms last week recovered from losses they incurred in the first half of the year with gains sustained by increased demand experienced across the bourse. All the four listed property concerns except for Dawn, recorded significant gains last week. There …

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Cement sector has excess capacity: Lafarge

Bulawayo Bureau Zimbabwe cement industry has excess capacity to meet the 1,3 million tonnes annual domestic demand as the sector has an installed capacity of 2,4 million tonnes, an official has revealed. Last month the market experienced cement shortage, which the country’s largest cement producer, PPC Zimbabwe, attributed to annual …

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Mnangagwa, Chamisa talks stall

PRESIDENT Emmerson Mnangagwa and opposition MDC Alliance leader Nelson Chamisa have taken hardline stances to political engagement, which has stalled progress towards interparty dialogue seen as critical to pulling the southern African nation out of international isolation and launching economic recovery, the Zimbabwe Council of Churches (ZCC) has said. BY …

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