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Drought risk for Vic Falls

The flow at Africa’s biggest waterfall is at its lowest since 1995, highlighting the threat posed by a drought to tourism and electricity generation in Zimbabwe and Zambia. Flow has slumped to 109 cubic meters-per-second (3 850 cubic feet) at Victoria Falls, a 1,7-kilometre curtain of falling water at the …

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Zim sees big potential in sugar production

Martin Kadzere ZIMBABWE offers big potential for sugar production, a senior official has said, adding the Tugwi-Mukosi Dam provides the industry with new water resources that should increase land under irrigated sugarcane by between 17 000 and 25 000 hectares. “This opportunity has the potential to increase cane production by …

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Mimosa invests $10m

Zimbabwe’s second largest Platinum Group of Metals (PGM) Mimosa Mining Company, has invested in a new processing plant worthy US$10 million that is expected to shore up processing capacity and consequently production. The investment was announced by the company’s managing director, Mr Fungai Makoni, when he addressed journalists in Zvishavane …

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Prospect gets iron petalite export thumbs-up

Ishemunyoro Chingwere Business Reporter ASX-listed firm, Prospect Resources, has gotten product approval for its ultra-low iron petalite from two of the world’s largest glass-ceramic manufacturers based in Europe setting the stage for a pilot trial manufacturing product in large kiln. If successful, as Prospect anticipates, the miner will become one …

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US$14m funding for Gwanda solar

Business Reporter The 100 megawatt (MW) Gwanda solar project has received fresh impetus after a local infrastructure fund, African Transmission Corporation (ATC) Holdings, agreed to extend US$14 million to finance the first 10MW of the project under a phased construction model. ATC financed the 2,5MW Phase One of the 25MW …

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Zimra hits out at errant insurance firms

BY TAFADZWA MHLANGA THE Zimbabwe Revenue Authority (Zimra) has hit out to insurers who are not remitting insurance commission tax collected from freelance agents.In a statement published last week, Zimra said there were also insurers who are collecting commissions from unregistered short-term insurers. E-mail Big Files for Free The file …

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Insurance firms lag behind on technology

BY FIDELITY MHLANGA A HUGE chunk of Zimbabwe’s insurance firms do not have software to analyse and debunk risks associated with their business, a survey conducted by African Actuarial Consultants has revealed. The Hotel DirectoryBook hotels directly – without middlemen! The survey conducted under the Zimbabwe Integrated Capital and Risk …

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Pork value chain faces viability challenges

BY MTHANDAZO NYONI ZIMBABWE’S pork value chain is facing multiple challenges including poor nutrition and husbandry skills, lack of good quality breeds among others, that needed to be addressed as a matter of urgency. E-mail Big Files for Free The file is big? E-mail big files via Filebig.net ! In …

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Interbank rate stable in October

The Zimbabwe dollar remained largely stable in the month of October, with the interbank foreign exchange rate shifting by a marginal 3,1 percent from 15,1979 to the United States dollar on September 30, 2019 to 15,6467 and October 31, 2019. This could be pointing to the idea that the local …

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