Business

Fidelity Gold Monopoly Challenged

By Ishemunyoro Chingwere Fidelity Printers and Refineries’ (FPR) monopoly in the buying and marketing of the country’s single biggest foreign currency earner, gold, has come under spotlight with parliament recommending the liberalisation of the industry. The recommendation was made by Parliamentary Portfolio Committee Chair on Mines and Mining Development Honourable …

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Mimosa Invests U.S.$10 Million

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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NetOne, Chapungu FC in Schools Anti-Drugs Tour

By Delicious Mathuthu and Evidence Chipadza Mobile network operator NetOne in partnership with Premier Soccer League (PSL) side Chapungu Football Club held the second edition of their anti-drug campaign aimed at encouraging aspiring high school future footballers to desist from drug abuse. Speaking during a tour of Chaplin High School …

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Embrace Smart Agriculture, Farmers Urged

By Columbus Mabika Agriculture stakeholders have been called to embrace smart agriculture practices to cushion farmers against the effects of climate change ahead of the 2019-2020 farming season. Smart agriculture is a cocktail of new ways that help to guide actions required to modify and reorient agricultural systems to effectively …

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Company Demands U.S.$2,7 Million From IDBZ

By Fungai Lupande Southend Cargo Airlines (Pvt) Ltd has sued the Infrastructure Development Bank of Zimbabwe (IDBZ) at the High Court demanding US$2,7 million over an overpaid loan. Southend Cargo Airlines, Steven Jacobs Chituku and Patience Fadzai Chituku are claiming US$2 768 428,63 or equivalent at the interbank rate. “Plaintiffs’ …

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RBZ Removes ‘Bond Note’ Inscription On New Currency

By Leopold Munhende The Reserve Bank of Zimbabwe (RBZ) has released the main features of the country’s new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating the only major difference will be the removal of the words “bond note”. The new …

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Harare City Council Clinic Nurses Down Tools

By Robert Tapfumaneyi The situation in Harare’s health institutions has worsened following the decision by Harare City Council clinic nurses to stop reporting work citing incapacitation. Harare City Council nurses and other health staff claim they are unable to report for work because the salaries they are getting are nolonger …

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Chief Chipuriro Blames Biting Economy for Moral Decay

By Lovejoy Mutongwiza Chief Chipuriro of Guruve has blamed social and moral decadence which has become a thing of the days in his area on the worsening economic situation which he said is forcing people into indulging in immoral behaviour. The tongue lashing traditional leader said most young girls and …

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Nurses Strike Illegal, Council

By Paidamoyo Chipunza The Harare City Council has ordered its nurses who withdrew labour yesterday citing incapacitation to terminate the mass job action and report for duty today arguing that their action was illegal. In an internal memo dated November 4 2019, Harare City’s acting human capital director Retired Major …

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Bakers Fret Over Bread Syndicates

By Kudzanai Gerede The baking industry has raised concern over the capture of the market by street vending cartels engaging in money-spinning schemes by hoarding bread using electronic payments then resale it at cheaper price in cash before trading the cash at high premiums at a time authorities are grappling …

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