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‘Zim’s financial inclusion bearing fruit’

Kudakwashe Mhundwa and Michael Tome Business Reporters ACCESS to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which was introduced in 2016 has begun to bear fruit, a senior banking official has said. The Reserve Bank of Zimbabwe (RBZ) launched the National Financial …

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Vaya to introduce tractor, ambulance services

Business ReporterLISTED technology solutions firm Cassava Smartech Zimbabwe has unveiled plans to introduce tractors and ambulance services under its Vaya division. By the time the next planting season starts, farmers will be able to find a tractor within minutes, anywhere in Zimbabwe, said the company in an update yesterday. The …

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Forex shortages hit money transfer agencies

Bernard Yombayomba Business Reporter Money transfer agencies mainly Western Union, have become latest victims of foreign currency shortages as it emerged they are failing to access hard cash from local banks for onward transfer to receivers. A money-transferring agency transfers monies between two separate parties but of late, some local …

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‘TSP brilliant roadmap to Vision 2030’

Ishemunyoro Chingwere Business Reporter The major industrial lobby group, Confederation of Zimbabwe Industries (CZI), has thrown its weight behind Government’s key economic policy, the Transitional Stabilisation Programme (TSP), describing it as a brilliant roadmap towards achieving Vision 2030. The lobby group, however, said the roadmap needs to be robustly communicated …

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Smm to Restart Asbestos Production in July – Chitando

Government has expressed satisfaction with progress towards resumption of operations at Shabanie- Mashava Mines (SMM) with asbestos production expected to start in July this year when de-watering of flooded shafts is expected to be complete. Reconfiguration of machinery at the mine to enable it to process other minerals such as …

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Honeymoon Over for Reckless Directors

Employees and minority shareholders have edged closer to getting powers to take legal action against directors for breach of good faith when the Companies and Other Entities Bill, currently before Parliament and set to go through public hearings, becomes law. This comes as parliamentary portfolio committees for the Companies and …

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Artisanal Mining Needs Regulation, Support

In the past few years, artisanal miners have produced more gold than conglomerates, making their input in the national economy critical. The Battlefields national disaster has shone light on the risks facing artisanal gold miners as they search for the precious stone. The disaster of such a magnitude, calls for …

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CZI Lobbies for Currency Trading Platform

Zimbabwe’s industrial representative body, the Confederation of Zimbabwe Industries (CZI) is lobbying Government to avail a platform for businesses to legally trade currency to cushion them from foreign currency shortages that are chocking operations, CZI president Silefani Jabangwe has said. During the fourth quarter of last year several businesses had …

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