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‘Zim’s financial inclusion bearing fruit’

Kudakwashe Mhundwa and Michael Tome Business Reporters ACCESS to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which...

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Varun Beverages Gets Sez Status

Beverages manufacturer, Varun Beverages, has been declared a special economic zone, as Government seeks to incentivise the firm that is reportedly planning to put up a new $23 million plant. Varun...

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Stanbic Unveils U.S.$41 000 for Murehwa Bridge

Stanbic Bank Zimbabwe has availed $41 000 towards the construction of Shavanhowe Bridge in Murehwa, 90km north east of Harare. This adds to the financial institution’s list of high-impact community...

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Muradzikwa quits Nicoz Diamond

Equity Axis Distinguished insurance executive, Grace Muradzikwa is stepping down from NicozDiamond, Zimbabwe’s largest short-term insurer after 30 years with the company. Muradzikwa had been managing...

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Econet ‘housekeeping’ trades spur ZSE

BY FIDELITY MHLANGA THE Zimbabwe Stock Exchange (ZSE) on Tuesday recorded one of its biggest trades in the post-dollarisation era dominated by trades in Econet and Cassava, valued at a record $222,46...

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Foreign currency reconciled on RTGS

Tawanda Musarurwa Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the...

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Japan eyes Zim investment opportunities

Enacy Mapakame Business Reporter Japanese companies have expressed keen interest in investing in Zimbabwe saying there is renewed impetus for business and economic growth. This comes as the Japanese...

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Consumer Protection Bill to Be Reactivated

The Consumer Protection Bill that has been on the cards for nearly a decade, is set to be reactivated in the second quarter of this year, as the proposed law is expected to be presented during the...

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Cabinet Okays ZMDC unbundling

Ishemunyoro Chingwere Business Reporter Cabinet on Tuesday approved the unbundling of State mining arm — the Zimbabwe Mining Development Corporation (ZMDC) — into four mineral specific units as...

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SAZ aligns local standards with continent

Africa Moyo Senior Business Reporter The Standards Association of Zimbabwe (SAZ) is working on aligning local standards with those of the rest of the continent ahead of the coming into being of the...

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IPEC to announce compensation framework

Kudakwashe Mhundwa Business Reporter Insurance and pensions regulator, IPEC, is soon expected to announce a compensation framework to policy holders whose claims were eroded during the conversion of...

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‘Zim’s Financial Inclusion Bearing Fruit’

Access to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which was introduced in 2016 has begun to bear fruit, a senior...

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NetOne Mum On Dynamos

NETONE, who were the principal sponsors of Dynamos last year, have said they will not comment on reports that their partnership with the Glamour Boys is now on the rocks. DeMbare were one of the Big...

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SA rand gains

South Africa’s rand rebounded yesterday as traders bet that a budget released the day before would persuade ratings agency Moody’s not to downgrade the country’s debt to “junk” status next month....

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Netone, ZRP Sign MOU

Zimbabwe’s second-largest mobile network provider NetOne, yesterday donated four motorcycles, reflective jackets and rain suits to the Zimbabwe Republic Police (ZRP) Traffic Section for use while...

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Banking sector stable, but assets quality deteriorates

BY MISHMA CHAKANYUKA ZIMBABWE’S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the...

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Processed transactions value surge 62% to $151,75bn

BY FIDELITY MHLANGA Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by...

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Villagers Partner Ddf in Road Project

VILLAGERS in Marange have partnered the District Development Fund (DDF) to finance the completion of a 9,8km road that connects Bambazonke Business Centre and Bernhiwa Primary School. The construction...

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US$ remains the base currency for trading: Zimcodd

BY MTHANDAZO NYONI THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer...

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Meikles swindled $1,7 million

BY CHARLES LAITON LISTED conglomerate Meikles Limited has approached the High Court seeking an order compelling a local firm, Wide Free Investments (Pvt) Ltd T/A Core Solutions, to reimburse it over...

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