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Gold deliveries up 30 percent

Ishemunyoro Chingwere Business Reporter GOLD deliveries to Fidelity Printers and Refineries (FPR) have recorded a 30 percent increase for the months of January and February this year compared to the same period last year, an early indication that the 40 tonnes annual target set by Government could be achieved. Government …

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Tobacco to boost foreign currency inflows

Kudakwashe Mhundwa Business Reporter Zimbabwe’s 2019 tobacco marketing season commences on Wednesday next week according to the Tobacco Industry and Marketing Board (TIMB) amid high expectations the golden leaf will boost foreign currency inflows. Traditionally, the marketing season kicks off in February, but was delayed this year due to late …

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ICT infrastructure key to vision 2030

Africa Moyo in BEITBRIDGE THE setting up and deployment of information communication technology infrastructure is critical to the attainment of President Mnangagwa’s vision of an upper middle income economy by 2030. This was said here yesterday by Information Communication Technology and Courier Services Minister Kazembe Kazembe during the official commissioning …

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Zim Currency Reforms – Old Mutual Left Counting Losses

Currency reforms undertaken by Zimbabwe during Third Quarter of 2018 have left Old Mutual Limited, the holding company of Old Mutual Zimbabwe counting losses, the company’s latest results published Monday reveal. The South African insurance giant’s overall results from operations (RFO) slid by four percent to R9.963 billion in 2018 …

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ED to Commission Telone’s Beitbridge Fibre Backbone Link

President Emmerson Mnangagwa will today officially commission TelOne fibre backbone links which connects Beitbridge to Bulawayo, Masvingo and Harare routes. TelOne rolled out the project two years ago under a National Broadband Project financed under the China Exim Bank loan facility which was implemented by Huawei Technologies. The project has …

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3 000 Youths Benefit From Yep

Nearly 3 000 youths have so far undergone training under the Youth Entrepreneurship Programme (YEP), an initiative co-sponsored by CBZ Bank and designed to equip young people with skills to start business. Speaking at the award giving ceremony held in Harare last week, CBZ chief executive Dr Blessing Mudavanhu said …

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Beef Supply Under Threat

Manicaland has registered a significant decrease in beef supply as farmers continue to battle disease outbreaks and limited funds to combat diseases. Provincial livestock production and development officer Mr Joshua Zveutete said more than 75 percent of beef in Manicaland comes from communal farmers who have been failing to acquire …

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SA to Implement 45 MOUs

Presidents Mnangagwa and Cyril Ramaphosa yesterday agreed to accelerate implementation of agreements covering various sectors of the economy during the third session of the Zimbabwe-South African Bi-National Commission held in Harare. President Ramaphosa arrived in Zimbabwe on Monday for the BNC summit. Zimbabwe and South Africa signed 45 deals covering …

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Senior Doctors Down Tools At Parirenyatwa Hospitals

Senior doctors at Zimbabwe’s foremost health facility Parirenyatwa Hospital have downed their tools in protests against shortage of essential drugs and equipment. In a letter to Health Minister Obadiah Moyo and copied to permanent secretary Gerald Gwinji as well as other senior officials, consultants at the hospital said they had, …

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Gold Heads Lower

Gold futures retreated modestly yesterday, pulling back from a psychologically significant $1,300 mark, after bullion rose sharply to end last week. April gold GCJ9, -0,43 percent shed $4,70, or 0,4 percent, at $1 294,60 an ounce, after bullion rose 1 percent on Friday and briefly exceeded $1 301 intraday, capping …

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