2 900 new firms register with NSSA
Business Reporter The National Social Security Authority in 2016 registered 2 887 new companies employing more than 18 192 people, statistics show. While some companies voluntarily register with NSSA,...
View ArticleRBZ adds US$20m to gold facility
Livingstone Marufu Business Reporter THE Reserve Bank of Zimbabwe has doubled its small-scale gold support facility to US$40 million to help the sector reach the 28-tonne target for 2017. This year,...
View ArticleSMEs Bank on track
Business Reporter GOVERNMENT has started licensing the SMEs Bank after securing US$10 million in capital for the institution. Small and medium-sized enterprises employ 60 percent of Zimbabwe’s...
View ArticleBreak invisible barriers to greatness
Milton Kamwendo Hunt for Greatness WHAT is stopping you? Who is stopping you? What barrier stands between you and your greatness? What could you do if you knew you could not fail? You are destined for...
View Article‘More research on seeds needed’
Business Reporter THE African Seed Trade Association (AFSTA) — a grouping of private seed companies on the continent — wants to work closely with the agricultural value chain to bolster food security...
View ArticleStrife rises in Bakers Inn oven
Africa Moyo Business Reporter DISGRUNTLED Bakers Inn employees have petitioned Government and Innscor Africa Limited’s management over allegations of unfair labour practices at the firm. Bakers Inn, a...
View ArticlePensioners one step closer to closure
Livingstone Marufu THE first draft report on the conversion of pension and insurance values during the transition from the Zimbabwe dollar to the multi-currency system was submitted to Government last...
View ArticleBanks spend millions on ‘beauty treatment
Business Reporter STANDARD Chartered Bank Zimbabwe has invested US$9 million on refurbishing nine of its 21 branches and revamping its digital banking platform across the country. The work will reduce...
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Trade on the Streets, and Off the Books, Keeps Zimbabwe Afloat
HARARE, Zimbabwe — Dusk falls and thousands of vendors fan out across central Harare. Through the night, they hawk their wares — vegetables, clothes, kitchen utensils, cellphones — from carts,...
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Ease of Doing Export Business rectified
Minister Bimha Enacy Mapakame Business Reporter THE Government is amending at least 16 export regulations identified as impediments to ease of doing export business under the Ease of Doing Export...
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ZETDC recovers $35m from defaulters
Over 37 000 customers were disconnected for debt totalling $150 million The Zimbabwe Electricity Transmission and Distribution Company (Zetdc) says it has so far recovered $35 million in debt after...
View ArticleNOIC anticipates drop in oil pipeline fees
Kudakwashe Mhundwa Business Reporter The National Oil and Infrastructure Company of Zimbabwe says it anticipates a marked increase in the usage of the Feruka oil pipeline in the second quarter of the...
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Comesa equips Zim SMEs
White Site Engineering sales/marketing manager Charity Mudhubiwa (left), Minister of Small to Medium Enterprises and Cooperative Development Sithembiso Nyoni (centre) and White Site Engineering...
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Zim earns $170m in tobacco sales
Oliver Kazunga, Senior Business Reporter ZIMBABWE has earned over $170 million since January from 32,5 million kilogrammes of tobacco that have so far been exported to different countries across the...
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ZB, Transnational resolve long standing dispute
Oliver Kazunga, Senior Business Reporter ZB Financial Holdings says it has resolved its long standing dispute with Transnational Holdings Limited (THL) over the control of Intermarket Holdings...
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Choppies Zim basks in profit
REGIONAL retail group Choppies says its Zimbabwean operations have returned to profitability despite the difficult economic conditions that have slowed down consumer spending. The...
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Cost of living declines
Oliver Kazunga, Senior Business Reporter THE cost of living declined by 0.92 percent last month to $585,07 due to sales promotions by some supermarkets and the confidence brought by the introduction...
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SA chicken import wars: Wake up call for Zim
Prosper Ndlovu THE South African poultry industry is in serious distress due to the heavy influx of cheap chicken imports mainly from Europe. Recent media reports from the neighbouring country...
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Quality standards key to economic growth
Ms Sithembile Pilime Leonard Ncube in Victoria Falls DELEGATES at the just ended 2nd African Regional Standardisation (ARSO) conference have recommended the establishment of a Pan African quality...
View ArticleMotorists pay toll fees to #Zimbabwe’s pothole entrepreneurs
Potholes are a common and serious hazard on Zimbabwe’s roads. But jobless youths have seized on the problem as an opportunity. They fill the potholes with rocks, broken bricks and soil, and ask...
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