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ASX-listed firm eyes Zim lithium

AUSTRALIAN Stock Exchange-listed Latitude Consolidated Ltd has entered into a binding agreement to acquire a 70% interest in the Mbeta Lithium Project in Gwanda Mbeta comprises 13 mineral claims with a combined area of 18-square kilometres and lies in gently-undulating, lightly cropped terrain with good access from Gwanda via tarmac …

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FMHL, Nicozdiamond Deal Approved

The Competition and Tariff Commission (CTC) has approved a deal that would see First Mutual Holdings Limited (FMHL) acquiring NicozDiamond Insurance Ltd total issued share capital. The merger with Tristar Insurance Company (TICL) has already started following its successful acquisition by FMHL last year. Last year, FMHL acquired an 80% …

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Nissan Clover Leaf launches latest X-TRAIL

Designed with state of the art technology, Nissan X-TRAIL’s intuitive cockpit makes you feel one with the vehicle, further fuelling your passion for driving. Launched by Nissan Clover Leaf Motors last week, the Nissan X-TRAIL delivers with best in class front head room and the supreme comfort of fatigue reducing …

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ZETDC fights infrastructure vandalism

Africa Moyo Business Reporter The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has deployed its loss control officers in some parts of the country — particularly in areas hard hit by vandalism on key infrastructure — to contain the menace. This comes as ZETDC, which is Zesa Holdings’ electricity distribution …

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Seed Co invests $22m in research

ZIMBABWE’s biggest crop seed producer, Seed Co, says it invested $22,16 million in research from 2010 to 2016, as the listed company sought to stay abreast with modern trends in the seed industry as well as ensure food security and high yield varieties. This was said by Seed Co managing …

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EMA confiscates 400 000 kaylites

The Environmental Management Authority (EMA) has confiscated at least 400 000 kaylite containers, known as Expanded Polystyrene Foam (EPS) since December last year, as it moved to stop use of the banned packaging, an official said on Wednesday. Last year, the Zimbabwe Government started implementing Statutory Instrument 84 of 2012 …

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Banks sit on RBZ business facilities

Oliver Kazunga Bulawayo Bureau A NUMBER of Reserve Bank of Zimbabwe (RBZ) funding schemes are not accessible to businesses due to banks’ reluctance to disburse them, an official has said. The apex bank has acknowledged lack of effective disbursement, which is blamed for frustrating economic recovery. This is despite the …

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‘High Export Fees Frustrate Farmers’

By Prince Sunduzani Farmers have raised concern over the cumbersome export process they said was also expensive and had proved to be a barrier to competitive trade. This emerged at a Dubai market survey information dissemination workshop conducted in Bulawayo on Tuesday where farmers called for a downward review of …

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ZB Bank Introduces Branch Self-Service Centres

ZB Financial Holdings is on a drive to renovate its branches across the country in line with regional and international standards saying they want to provide their customers with world class financial services. This comes after the group have included in their designs a self service centre- equipped with an …

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Spain Pledges Support, Keen to Invest

By Zvamaida Murwira Spain yesterday pledged to support President Mnangagwa’s administration and is already exploring investment opportunities in Zimbabwe. This was said by the Spanish ambassador to Zimbabwe Mrs Alicia Moral after paying a courtesy call on Energy and Power Development Minister Ambassador Simon Khaya Moyo at his offices in …

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