Business

Vic Falls Sez Blueprint Crafted

THE Government has started crafting a blueprint to guide the operationalisation of the greater Victoria Falls Special Economic Zone (SEZ). Cabinet a few months ago approved the Integrated Development Programme/Conceptual Development Framework for the Victoria Falls-Hwange — Binga SEZ whose idea is to integrate economic activities, catapult growth and improve …

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Covid-19 Reduces Gold Deliveries

Gold deliveries to Fidelity Printers and Refineries (FPR) declined 43 percent in October compared to the same period last year as production plunged due to lock-downs imposed by many jurisdictions to curb the spread of Covid-19. The travel restrictions curtailed movement of consumables and hard cash, major components needed to …

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Potraz Extends Second Hackathon Scope

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), has widened participation in its second Hackathon, which will be held in Bulawayo next month, to the generality of Zimbabweans. The event, which brings to the fore new innovations, follows the successful inaugural Hackathon that was held earlier in February, which …

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Gender Mainstreaming in the AfCFTA Crucial

The McKinsey Global Institute reports that globally, women constitute half of the working age population and yet they contribute only 37 percent to the global GDP. This is a setback for global economic growth as it cannot take advantage of the potential inherent in this demographic dividend. Women economic advancement …

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Ema Favours Restoration to Replace Insignificant Fines

THE Environmental Management Agency (EMA), says fining offenders including corporates and local authorities for environmental crimes is not deterrent enough as the amounts have been eroded by inflation and is instead advocating for restoration penalties. At the moment offenders are made to pay fines for crimes ranging from level one …

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Company to Explore Rushinga Iron Deposits

A Chinese investor is looking at exploring for iron deposits in Rushinga District in Mashonaland Central province where preliminary studies have confirmed the presence of a massive resource, an official said. The investor, which already runs steel smelters in China’s city of Handani where mills are under pressure to cut …

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‘US$70bn Economy Possible By 2030’

ZIMBABWE could build a US$70 billion economy by 2030 from the current level of US$21 billion, which will require a consistent annual growth of 10 percent in the coming years, according to the Zimbabwe Investment and Development Agency (ZIDA). Already the Treasury, with concurrence of the International Monetary Fund (IMF), …

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Sasai Extends Talent Promotion Show

Cassava Fintech International (CFI), has extended its #African&Talented promotion to November 29, 2020, due to public demand. The talent show promotion, which seeks to identify and support talent across the continent, was initially launched in September on the Sasai app. However, according to the company, it has been hugely popular …

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Covid-19 – AfDB Postpones Investment Forum to 2021

THE African Development Bank (AfDB) has postponed to 2021 this year’s Africa Investment Forum that was slated for Johannesburg, South Africa this month. The forum has been rescheduled due to the ongoing Covid-19 pandemic. In a statement, AfDB said the decision follows a careful evaluation of the impact and evolution …

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Zim Imports 600mw to Cover Power Supply Gap

THE country is importing up to 600MW of electricity from regional producers so as to cover the supply gap, which is created by subdued energy generation capacity mainly by ageing thermal power stations. Zimbabwe is producing an average of about 900MW electricity daily against a demand of between 1400MW and …

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