Business
‘Innovation, collaboration keys to sustainable mining industry’
COLLABORATION and innovation in the mining value chain are critical in promoting a sustainable industry, which is vital for economic growth, Ministry of Mines and Mining Development Permanent Secretary Mr Pfungwa Kunaka has said. The mining industry is one of Zimbabwe’s economic mainstays with the sector presently contributing about 70 percent of the country’s foreign […]
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High hopes as Mine Entra kicks off
THE 26th edition of the mining, engineering and transport expo (Mine Entra) kicks off in Bulawayo today amid optimism that the exhibition will amplify the country’s quest for value addition and beneficiation of its minerals in order for citizens to benefit more from their natural resources. President Mnangagwa will officially open the specialised three-day exhibition […]
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US$3,4bn investments secured in 3rd quarter
Zimbabwe secured investments worth US$3,4 billion during the third quarter of the year, as the Second Republic’s policies centred on “the ease of doing business”, continue bearing fruit. The Zimbabwe Investment and Development Agency (ZIDA) revealed this in its third quarter report tabled in Harare yesterday. Further, investments did not take a nosedive during the […]
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Retailers index prices in USD
The RBZ foreign currency exchange rate system requires that prices be given in both local and foreign currency with boards showing the exchange rate used displayed in each store for the benefit of customers. In terms of Statutory Instrument 185 of 2020, it is an offence not to display prices in both the Zimbabwe dollar […]
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Axia’s DGA casts out some key customers
Distribution Group Africa (DGA) Zimbabwe, a business unit of Axia Corporation, has stopped supplying some of its major customers in the formal sector over delays in payments, opting to exploit demand from informal traders. DGA-Zimbabwe is a distribution and logistics concern, and its core areas of expertise lie in inbound clearing and bonded warehousing, ambient […]
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RTG focuses on maintaining, enhancing profit margins
HOSPITALITY concern Rainbow Tourism Group (RTG) has expressed optimism on the resurgence of the hospitality sector in the second-half of the year which usually contributes around 60 percent of the total business led by conferencing and foreign leisure business, group chairman, Mr Douglas Hoto has said. Mr Hoto said the focus will be on maintaining […]
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IMF reviews GDP growth projections for Zimbabwe to 4.8%
The visiting International Monetary Fund (IMF) has reviewed upwards growth projection for Zimbabwe in 2023 to 4.8%. Previously Zimbabwe’s Gross Domestic Product (GDP) was estimated to grow by 3.2%. The team which was led by Wojciech Maliszewski, ended its mission to Zimbabwe and released its findings. The IMF team visited Harare between October 18–25, 2023 […]
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Marketers indaba kicks off
THE 14th edition of the Marketers Association of Zimbabwe (MAZ) annual convention started in Victoria Falls yesterday amid calls for marketers to embrace new technologies and innovation skills to remain relevant. This year’s conference is being held under the theme: “The Future is now-marketing, PR and communications winning through sustainability and innovation.” It is being […]
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World Bank appoint Eneida Fernandes as new Country Manager for Zimbabwe
The World Bank (WB) has appointed Ms. Eneida Fernandes as the new country Manager for Zimbabwe. The WB released a statement to that effect last Friday. “Ms. Eneida Fernandes has officially begun her assignment in Zimbabwe as the new World Bank Country Manager,” read the statement. The country Manager is responsible for leading the Bank’s […]
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Zimbabwe to host conference of African Ministers of Finance, Planning and Economic Development in Victoria Falls
ZIMBABWE is set to host the fifty-sixth session of the Economic Commission for Africa (ECA) Conference of Africa Ministers of Finance, Planning and Economic Development in Victoria Falls early next year. The conference is scheduled to run from 28 February to 5 March 2024. Preparations to host the conference have started. Established by the Economic […]
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