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International investor service Moody’s has said that the balance of payments situation in Zimbabwe is unlikely to improve in the next 12-18 months’ in spite of the Reserve Bank of Zimbabwe’s efforts with the export incentive and the push towards productivity.
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Tokyo. — Oil prices extended declines yesterday after non-Opec producers made no specific commitment to join Opec in limiting oil output levels to prop up prices — a stance that suggested they wanted Opec to solve its differences first.
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BRUSSELS. — The euro zone economy grew at the same slow pace in the third quarter as the second and core inflation dipped in October, reinforcing expectations that the European Central Bank will decide to extend its asset-buying programme in December.
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Tinashe Makichi: Business Reporter Zimbabwe’s largest platinum producer, Zimplats has completed a bankable feasibility study for the development of 2,2 million tonnes per annum replacement portal system for Rukodzi and Ngwarati mines.
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Jeffrey Gogo: Climate Story The Inter-governmental Panel on Climate Change (IPCC) – the most authoritative body on the science – has often faced criticism over the under-representation of African views (research) by African contributors, both in its reports and processes.
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Business Reporter Unilever has been certified as the Top Employer in Africa for the third time in a row. Unilever’s Top Employer status in Africa was solidified when the company was certified in Zimbabwe for the first time and achieved No.1 status in Ghana, Nigeria and Kenya.
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Business Reporter Government is in the process of crafting a new five-year Industrial Development Policy to replace the current blueprint which expires in December this year. The drafting of the new policy is being driven by the Ministry of Industry and Commerce assisted by a consultant.
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Technological advancements witnessed in recent years have led to rapid globalisation with individuals, communities, cities and nations more linked and interconnected as never been seen before. As a consequent of the development of faster, safer and more reliable modes of transport, globe-trotting has become the order of the day.
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Business Reporter GOVERNMENT has expressed strong reservations over the proposal by international commodities company, Olam to manage Cottco Holdings. The Government is understood to have “shot down” the proposal and insisted on the ongoing recapitalisation of the company. Olam had submitted the proposal to manage the former Zimbabwe Stock Exchange company, through its local unit.
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Golden Sibanda:: Senior Business Reporter BOND notes will be released into circulation gradually and sparingly to ensure that they retain a critical characteristic of currency — scarcity — the Reserve Bank of Zimbabwe has said.
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Tinashe Makichi: Motoring Comfortable on long journeys, sporty on rural roads and efficient in everyday use the new Mercedes Benz GLC comes with unquestionable superiority among its peers. I had an opportunity to take a closer feel of the vehicle recently at Zimoco where GLC 250 was on show. The vehicle exhibited an elegant look that has […]
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Walter Muchinguri recently in Kadoma RioZim yesterday launched its $10 million Cam and Motor Mine gold processing plant, which will triple production putting it on course to becoming the biggest gold miner in the country.
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Enacy Mapakame: Business Reporter BARCLAYS Bank of Zimbabwe has set aside a $20 million facility for women and youths as part of efforts to grow the small to medium enterprises sector. The facility also seeks to boost women-led businesses in the country with a bias towards agriculture.
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The current drought has had devastating effects in many communities around the country. Zimbabwe, like other Southern African countries, received below normal rainfall as a result of El Nino. This resulted in huge crop losses on the part of farmers while a large number of cattle was also lost due to lack of water and […]
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Business Reporter A local internet based firm has set up an investment portal that will provide available opportunities to people in the diaspora. Kupfumisana Investment Portal seeks to pave way for possible joint ventures and partnerships for Zimbabweans to enrich each other while also creating structured inflow of foreign currency for the economy.