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Galloping Inflation – Miners Meet Again for Wage Talks

By Kudzai Kuwaza The Associated Mine Workers’ Union of Zimbabwe and the employers’ body, the Chamber of Mines, will negotiate an increase in the minimum wage for a third time this year as a result of the continuous erosion of earnings by runaway inflation, businessdigest has learnt. This comes as …

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Mnangagwa Cues New Afreximbank Arrangement

By Kuda Bwititi President Mnangagwa yesterday negotiated a fresh financial package for Zimbabwe from the African Export-Import Bank (Afreximbank) after meeting the bank’s president, Professor Benedict Okey Oramah. The President met Prof Oramah on the sidelines of the Tokyo International Conference on African Development (TICAD) underway here. Speaking to Zimbabwean …

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First Lady Pilots Castor Bean Project in Kanyemba

By Tendai Rupapa in Kanyemba PREVIOUSLY marginalised Doma people of Kanyemba in the Zambezi Valley are having their lives changed through engaging in income-generating projects and building of conventional houses, courtesy of First Lady Auxillia Mnangagwa’s efforts. In the past, the Doma people used to sleep in tree houses and …

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‘Workers’ Welfare Our Priority’

By Farirai Machivenyika Government has put in place several measures to cushion its workers against the rising cost of living that include a pay rise effective this month and other non-monetary benefits. In a statement yesterday, the Minister of Public Service, Labour and Social Welfare, Dr Sekai Nzenza said Government …

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Currency Reform Slows Property Development

By Melody Chikono Property investment firm Mashonaland Holdings Limited says Harare’s central business district (CBD) is facing further decay owing to deferment of rehabilitation works hampered by trading in the Zimbabwean dollar, which has resulted in rental incomes failing to match inflation rates. In June this year, the government put …

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Zimbabwe’s Country Risk Stifles Bnc Projects

By Melody Chikono THE unstable situation in Zimbabwe is frustrating mining giant Bindura Nickel Corporation (BNC) which is failing to access more than US$500 million it needs for major capital projects with potential offshore financiers continuously citing the heightened sovereign political risk, businessdigest has established. The country is reeling from …

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Workers Bear the Brunt of Power Cuts

By Chipa Gonditii In a bid to mitigate the impact of the crippling power cuts, companies have taken drastic measures with employees working throughout the night so as to make the most of the electricity when it is restored, businessdigest has learnt. A welder works during the night so as …

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Hwange Colliery Probe Called Off

By Andrew Kunambura Hwange Colliery Company (Hwange) administrator Bekithemba Moyo has offered an olive branch to the company’s suspended senior executives after he called off corruption investigations against them, it emerged this week. Company sources said Moyo decided not to pursue corruption investigations against the senior officials after discovering that …

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Load-Shedding Back to Stage 2

By Joseph Madzimure Zesa HOLDINGS has reverted to Stage Two load-shedding schedule hardly two weeks after assuring consumers of significant relief. Zesa spokesperson Mr Fullard Gwasira earlier this month said they had downgraded load-shedding from Stage Two to Stage One after it started receiving 400MW from Eskom of South Africa. …

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