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Zim accumulates trade deficit of $32,15bn

BY MTHANDAZO NYONI ZIMBABWE has, since 2009, accumulated a trade deficit of $32,15 billion, a development that has left the country battling with persistent foreign currency shortages, a government official has said. Giving her welcome remarks at the ninth Buy Local Summit in Bulawayo yesterday, Bulawayo Metropolitan Provincial Affairs minister …

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President to lead buy local indaba

Natasha Chamba Bulawayo Bureau PRESIDENT Mnangagwa is expected to meet business executives from across the country at this year’s 2019 annual Buy Zimbabwe Summit to be held in Bulawayo. Proceedings will be held at the Zimbabwe International Trade Fair (ZITF) exhibition centre under the theme, “Enhancing local production, preference and …

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Katai Appeals for Help

By Cloud Fusire Promising junior swimmer Donata Katai’s quest to represent the country at her first FINA World Junior Swimming Championships hangs in the balance because of lack of sponsorship. The five-day event is slated for August 20 to 25 in Budapest, Hungary. Donata’s dream to represent Zimbabwe at the …

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Oil prices rise

LONDON. — Oil prices rose yesterday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains . Benchmark Brent crude was up 13 cents or 0,2 percent at $65,33 a barrel by 1238 …

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Oil prices mixed

Oil prices were mixed yesterday as prices were caught between concerns over global supply and fears that the US-Chinese trade conflict will hurt demand. Brent crude fell by 9 cents, or 0,1 percent, to $70,02 a barrel by 1245 GMT, with prices repeatedly veering above and below $70 in choppy …

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Firms urged to invest in digital marketing

Michael Tome Business Reporter Local companies should invest in digital marketing to overcome geographical boundaries in promoting their products and services to enhance competitive advantage internationally. This was said by the senior principal director in the Department of Public Affairs and Knowledge Management in the Office of the President and …

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Deafening silence on disability, Cyclone Idai

Laylee Moshiri Correspondent The rapid and comprehensive response by the national and international community to the devastation caused by Cyclone Idai is a true sign of the spirit of “Ubuntu” among the people of Zimbabwe and the world. However, amid the relief efforts, there has been little action on a …

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Government to leverage on equities market

Enacy Mapakame Business Reporter Government has said there is no ‘blanket prescription’ for the disposal of public assets, but will leverage on the Zimbabwe Stock Exchange (ZSE) to commercialise several state enterprises. It expects to raise US$350 million from the reform programme of state enterprise. Ministry of Finance and Economic …

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