Farm Downsizing Exercise Resumes
By Munyaradzi Musiiwa GOVERNMENT has resumed the farm downsizing exercise suspended in 2015 and is prioritising pieces of land that exceed the recommended maximum size or where beneficiaries have died...
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NSSA to buyout NicozDiamond minorities for $8, 5m
The National Social Security Authority (NSSA) is set to complete a plan to buy-out minorities in the country’s largest short term insurer, NicozDiamond. This comes after the pension fund increased its...
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NetOne to revamp OneWallet
State-owned mobile operator, NetOne says it is in the processes of revamping its mobile money platform – OneWallet, as it seeks to leverage on its new partnership with the National Social Security...
View ArticleMugabe’s #Zimbabwe gets busy creating ‘fiction money’
By Ed Cropley and MacDonald Dzirutwe | JOHANNESBURG/HARARE When President Robert Mugabe scrapped the Zimbabwe dollar in 2009, most of his people thought this meant the end of runaway money-printing and...
View ArticleBarclays in talks to sell Zimbabwe bank to Malawi’s First Merchant Bank
LONDON (Reuters) – Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank, the lenders said on Tuesday, as the British bank continues its exit from...
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Midlands Tops in Machete Deaths
Photo: Daily Nation (File photo). By Munyaradzi Musiiwa Midlands Province has recorded the highest number of murder cases involving weapons such as machetes, especially in areas associated with illegal...
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Zimplow narrows FY loss
HARARE – Zimplow posted a $2, 5 million loss for the year ended December 31, 2016, a 47 percent improvement from the $4, 8 million loss recorded in the prior comparable period. The reduced loss came...
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Agribank sets aside $1, 5m for smallholder farmers
HARARE -The Agricultural Development Bank of Zimbabwe (Agribank) says it is targeting to boost the capacity of small-scale fresh produce growers and has set aside a $1, 5 million facility for this...
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Zim raises cereal output projection as Govt secures $137m for maize purchases
HARARE – Zimbabwe has revised its cereal production projection for this season to 2,5 million tonnes from two million as signs are pointing to a bumper harvest, a cabinet minister said on Monday....
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Batoka feasibility studies to be ready by year-end
Harare– Updating of feasibility studies for the 2 400 Megawatt Batoka Hydroelectric scheme is now expected to be complete by December this year, Finance and Economic Development Minister Patrick...
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NMBZ achieves pre-tax profit of $6, 2 million
HARARE – NMBZ Holdings posted a profit before taxation of $6, 2 for the year ended December 31, 2016. Its banking subsidiary – NMB Bank – achieved after tax profit of $5, 1 million compared to $5, 5...
View ArticleSeed Project Changes Lives in Zaka
By Walter Mswazie Mrs Jenifer Makadho (46) of Maringirishai Village under Chief Nhema in Zaka is a widow with three children of school-going age.Her first son is at the Midlands State University while...
View ArticlePresident Assents to Appropriation Act
President Mugabe has assented to the Appropriation Act 2017 that will see the operationalisation of the $3,426 billion National Budget for this year. Finance and Economic Development Minister Patrick...
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It’s too late to adopt rand: Biti
By Blessings Mashaya Ex-Finance minister Tendai Biti has said it is too late for Zimbabwe to adopt the South African rand as a dominating currency. Tendai Biti Writing on his Twitter account, the...
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Concern over Zim’s multiple taxes
The raft of taxes imposed by the hard-pressed government could do more harm than good to Zimbabwe’s economy, as the move overburdens long-suffering citizens and threatens small businesses’ survival,...
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Farmers start winter wheat cropping preps
Kiyapili Sibanda, Business Reporter PREPARATIONS for the 2017 winter wheat cropping season have begun with the National Wheat Board (NWB) saying farmers have started securing inputs. NWB chairman, Mr...
View ArticleMicro-finance lender targets $1m loan book
Patrick Chitumba, Midlands Bureau Chief MICROFINANCE lender, Lic Finance (Private) Limited has opened a new branch in Gweru and plans to reach 100 percent loan book growth from $500 000 to $1 million...
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Big boost for Chapungu
Lovemore Zigara in Gweru CHAPUNGU received a major boost ahead of their opening Castle Lager Premiership encounter against Triangle at Ascot Stadium on Saturday after sealing a sponsorship package...
View ArticleSeed Project Changes Lives in Zaka
By Walter Mswazie Mrs Jenifer Makadho (46) of Maringirishai Village under Chief Nhema in Zaka is a widow with three children of school-going age.Her first son is at the Midlands State University while...
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Air Zim pilots frustrated’
By Blessings Mashaya Air Zimbabwe pilots are working under appalling conditions, Parliament has been told. Air Zimbabwe Presenting a parliamentary portfolio committee report on Transport and...
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