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Dairibord Mulls Malawi Business Closure

By Enacy Mapakame Milk processor, Dairibord Holdings Limited, will make a decision on the fate of its Malawi division in the next six months after the unit continued on a perennial loss making path. Finance director Mercy Ndoro, told an analysts briefing on Wednesday that Dairibord Malawi had continued to …

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CBZ Targets SMEs As Profits Rise

CBZ Holdings, Zimbabwe’s biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 percent to 27,8 million in the year to December 2017. The financial services group said it will …

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President Mnangagwa Exposes Externalisers

Harare — President Mnangagwa has this morning named and shamed corporates and individuals that externalised money and ignored his call to return the loot in the past three months. The published list is dominated by individuals and companies in mining, agriculture, manufacturing and cross border freight business. Established mining companies …

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Agribank Optimistic As Govt Re-Engages Foreign Lenders

AGRIBANK has commended the government for seeking re-engagement with international financiers saying this would help boost agricultural productivity and sustainability. The bank’s chief executive Somukhosi Malaba recently told the parliament’s indigenisation thematic committee that the last 15 years have been difficult for banks in terms of securing loans for agriculture. …

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Tobacco Farmers to Win Big

Scores of tobacco farmers are this year are set to benefit from a promotion aimed at empowering growers with essential inputs, equipment and machinery needed to increase yields. Speaking at the launch of the Ethical Leaf Tobacco Top Prize Tractor promotion on Friday, ELT general manager Doesmatter Muvimbi said farmers …

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Tsholotsho Victims’ Long Wait for Decent Houses

By Luyanduhlobo Makwati There is a ray of hope for Tsholotsho villagers after government finally moved to start construction of their houses, which were for the umpteenth time destroyed by recurrent floods last year. Njabulo Mathema said life had been unbearable for the last two decades as floods kept on …

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Jury Still Out On Bond Notes

By Ndamu Sandu The introduction of bond notes led to an increase in exports but the surrogate currency has not alleviated Zimbabwe’s foreign currency shortages, analysts have said. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya told a parliamentary portfolio committee last week that the bond notes project had been …

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President Meets IMF, World Bank Chiefs

President Mnangagwa held high-level meetings with top officials from the world’s top multilateral financial institutions on the sidelines of the 48th World Economic Forum (WEF) in Davos, Switzerland, as he continued with his drive to re-engage with the international community last month. He met top officials from the International Monetary …

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