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Financial inclusion among MSMEs

A FINSCOPE survey of 2014 on financial inclusion in Zimbabwe revealed that only 23 percent of the rural population is formally banked compared to 46 percent of the urban population, and only 14 percent of people in the sector are banked. In addition, there is low financial literacy rate and …

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Zimra imports more fiscalised devices

Dumisani Nsingo, Senior Business Reporter THE Zimbabwe Revenue Authority will start supplying fiscalisation machines to tax payers to improve availability of the gadgets that improve revenue collection by the taxman, an official has said. In an interview, Zimra acting commissioner-general Mr Happias Kuzvinzwa said the Government in consultation with the …

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Caritas small grains programme hailed

Dumisani Nsingo, Senior Farming Reporter A small grains programme by Caritas Zimbabwe in Umzingwane District, Matabeleland South Province has been described as a success towards enhancing household food security in the drought prone area. The Catholic Relief Organisation distributed small grains to 1 546 households in five wards in October …

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Tourism players hail Minister Mzembi

Walter Mzembi Dickson Mangena, Business Reporter PLAYERS in the tourism and hospitality industry have expressed satisfaction at the fighting spirit exhibited by the Minister of Tourism and Hospitality Dr Walter Mzembi trying to assume one of the highest offices in world tourism. African Union-sponsored candidate Dr Mzembi narrowly lost to …

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Kariba power generation depressed

Mr Mbiriri Dickson Mangena, Business Reporter POWER generation at the Kariba hydro-power station has remained depressed with the facility generating at just 50 percent of the installed capacity as the dam did not receive much water inflow from the just ended rainy season. Permanent Secretary in the Ministry of Energy …

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More brain less brawn, please!

OBVIOUSLY incensed by the stubbornness and indiscipline of truant players in the market, the Reserve Bank of Zimbabwe (RBZ) – in typical spare the rod and spoil the child mood – is now seriously considering wielding the rattan cane. A fortnight night ago, the central bank’s directive for all foreign …

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Dependence is holding Africa back

THERE are a lot of contrived statistics and research that seek to cast Africa as an economic backwater, a continent that remains stubbornly mired in poverty. Well, while this might be understandable, it is definitely not justifiable.  The New York-headquartered Global Finance Magazine, for example, claims that 19 out of …

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Bitcoin as a currency solution

DESPITE the monetary and fiscal interventions that have been made so far to address the current cash crunch, the market is still grappling with shortages. Arguably so, because the cash crisis in Zimbabwe is inextricably linked to structural challenges affecting the economy which, ordinarily, take time to address. Admittedly, solving …

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