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Stakeholders’ roles in veld fire management

Veld fires have become one of the most topical environmental issues with terminal effects in Zimbabwe. Over the years, infrastructure and property worth millions of dollars have been lost in inferno. Agricultural produce such as maize, soyabean and wheat have been burnt down by fires thus compromising the nation’s food …

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SMEs still largely unbanked

Enacy Mapakame Business Reporter Emerging small to medium enterprises (SMEs) are still lagging behind in financial inclusion accounting for only 1 percent of the total bank accounts as at the quarter to March 2018. Figures from the Reserve Bank of Zimbabwe (RBZ) show that as of March 31, 2018, total …

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Move to beneficiate cotton, farmers urged

Livingstone Marufu Zimbabwe Farmers Union (ZFU) has demanded more  small scale cotton farmers’ participation in the processing of raw cotton into lint in order to improve their lives and productivity on farms as they would earn more money. This comes after private ginners have illegally bought Government contracted cotton from …

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IBWO hails ED’s policies

Golden Sibanda Senior Business Reporter INDIGENOUS Business Women Organisation (IBWO) has hailed President Mnangagwa’s policy thrust saying his proposed cocktail of reform measures and programmes, some already being implemented, will turn around the economy, transform the lives of poor people, create employment and grow exports among others. IBWO president Jane …

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POS machines population rises

Business Reporter Zimbabwe’s point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country’s number of automated teller machines (ATMs), in line with the Reserve Bank of Zimbabwe’s drive to …

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Ecobank to source more funds for critical imports

Ishemunyoro Chingwere  and Martin Kadzere ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling with serious shortage of foreign currency partly due to subdued exports resulting from low …

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fastjet increases flights on Harare-Vic Falls route

Low-cost carrier, fastjet will add two flights between Harare and Victoria Falls next month amid growing demand for the service. BY BUSINESS REPORTER The additional flights will see the airline serving the route with twice-daily frequency, six days a week, with the only exception on Saturdays where the schedule remains …

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‘Domestic debt to haunt Zim’

ZIMBABWE’S huge domestic debt, which runs into billions of dollars, is a big challenge in the post-election period, Finance deputy minister Terence Mukupe has warned. Zimbabwe is set to hold general elections on July 30. BY MTHANDAZO NYONI “The issue of the debt, I don’t think the external debt is …

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Save for a rainy day, Insurance commission

The Insurance and Pensions Commission (Ipec) has said the public should save for retirement and insure their assets against future losses. BY FREEMAN MAKOPA Addressing the public during an Ipec roadshow in Mount Darwin on Saturday, Ipec manager Nhau Chivingira said, “We would also like to encourage you to save …

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Expert calls for commodity-backed currency

ZIMBABWE should re-introduce its own currency backed by commodities since bond notes and dollarisation has failed, financial expert Persistence Gwanyanya has said. Speaking during the CEO Africa Roundtable discussion in Bulawayo on Friday, Gwanyanya said the government needed to go back to the drawing board and come up with a …

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