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RBZ secures $100m to ease forex payments

RBZ governor John Mangudya Harare Bureau THE Reserve Bank of Zimbabwe has moved to ease foreign payments bottlenecks after it drew-down $100 million on the $150 million African Export-Import Bank loan facility on Tuesday. The central bank said apart from the Afreximbank facility, the release of the funds was made …

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Chicken Inn to open more branches in Gwanda

Richard Muponde, Gwanda Correspondent FAST-FOOD retail chain Chicken Inn plans to open two more outlets in Gwanda due to growing demand for its products in the mining town. Simbisa Holdings chief executive officer Mr Warren Meares revealed the proposed expansion during a meeting with council officials in Gwanda last week. …

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EcoSure, EcoCash services integrate

Business Reporter ECONET Wireless Zimbabwe has integrated its EcoSure and EcoCash services as part of measures to promote cashless transactions and give customers convenience through acceptability of mobile money payments to access funeral services. Econet assistant to the executive Mr Lovemore Nyatsine said the move has come in handy in …

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Forex shortage cripples Nust DNA lab

Chief Technician Aleck Maunganidze tests samples from the clients at the Nust Applied Genetics Testing Centre Nqobile Tshili, Chronicle Correspondent THE prevailing foreign currency shortage is hampering operations at the National University of Science and Technology (Nust) Applied Genetic Testing Centre (AGTC) laboratory resulting in  crucial tests being delayed. The …

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Zimasco ceded exhausted chrome claims’

Minister Jason Machaya Lovemore Zigara, Midlands Correspondent THE Government says it will return exhausted and inaccessible chrome claims which were surrendered to it by ferrochrome producer, Zimbabwe Mining and Smelting Company (Zimasco). Midlands Minister of State for Provincial Affairs, Jason Machaya, said 80 percent of chrome claims ceded to Government …

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