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Dawn in $200m housing project

Michael Tome Business Reporter Zimbabwe Stock Exchange-listed Dawn Properties Limited has started construction of the $200 million housing development of Marlborough Sunset Views in Harare. The project entails the delivery of 354 stands with the first phase of 70 houses to be completed by December 2019, while selling is scheduled …

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Zimra recovers $77m under whistleblower facility

THE Zimbabwe Revenue Authority (Zimra) has recovered about $77 million under the whistleblower facility since 2009 to June this year, an official has said. In a bid to recover lost revenue through various ways, government came up with the whistleblower facility, administered under the Revenue Authority Act, Chapter 23:11, section …

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Agric show experiences low turnout

THE Zimbabwe Agricultural Society (ZAS) has experienced a low turnout year, largely attributed to the worsening economic environment which has sharply eroded the income of Zimbabweans. A survey by NewsDay Business shows that there was low traffic since the show commenced as compared to previous years. Tongaat Hulett corporate affairs …

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Homelink aims to support start-ups

FINANCIAL services entity, Homelink, says it has come up with a programme to support the growth of micro enterprises as part of its initiative to boost economic growth. The company has come up with a Homelink Rural Business Women’s Village geared towards promoting communities venturing in diverse types of business. …

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BAT posts $8,5m, bemoans tough environment

BRITISH American Tobacco (BAT) recorded a 14,6% increase in profit-after tax to $8,5 million during the six-month period ended June this year, buoyed by increased revenue generation. In June last year, the company posted $7,4 million profit. Revenue was 48% higher than last year at $ 29,4 million, driven by …

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Govt Eyes More Power Imports From Mozambique

Government is negotiating with Mozambique for up to 400MW of electricity to continue alleviating power outages facing the country, Energy and Power Development Minister Advocate Fortune Chasi has said. Zimbabwe is presently getting 50MW from its eastern neighbour, and is keen to access anything between 150MW and 400MW. “We are …

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Govt to Court Investors at Japan Indaba

The 2019 Tokyo International Conference on African Development (TICAD 7), where Zimbabwe is expected to sign some memoranda of understanding with players in the Japanese economy and court investors from the Asian country, will kick-off on Wednesday in Yokohama, Japan. One of the memoranda of understanding will be between Zimbabwe’s …

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Sasai, Ecocash Bureau De Change to Marry

Sasai App, a product of Cassava International and the first of its kind in Africa with several integrations and via three main functions of pay, chat and explore has integrated the newly launched Ecocash bureau de change to improve on remittances. The integration will see remittance charges being slashed from …

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Call to End Tongaat Hulett Monopoly

Nearly 1 000 indigenous sugar cane farmers in the Lowveld have called for an end to Tongaat Hulett Zimbabwe’s unrivalled monopoly in the local sugar value chain for them to also benefit from the multimillion-dollar industry. Tongaat has maintained a firm stronghold on the local sugar industry, with the South …

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Cold Storage Company Remains in the Doldrums

Struggling beef processor Cold Storage Company (CSC) has terminated contracts of a number of employees as its United Kingdom-based investor Boustead Beef (Pvt) is struggling to revive the company. Boustead Beef promised to bring back to life struggling CSC after affirming to inject a total of US$400 million over the …

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