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Business Reporters REVENUE at the Zimbabwe National Roads Authority surged by more than 50 percent in the last two months feeding from the authority’s partnerships with insurance companies in the computerisation of insurance cover notes In the past insurance cover notes were issued manually and were subject to abuse which deprived Zinara of significant revenue.
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LONDON. — Legendary investor George Soros has warned of “serious consequences” for British jobs and finances if the country leaves the EU. Writing in the Guardian, he said sterling would “decline precipitously” if the Leave camp won Thursday’s vote. Mr Soros made a fortune betting against the pound on Black Wednesday in 1992, when Britain left the […]
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Waste management is one of the most topical environmental issues in Zimbabwe’s urban centres, growth points as well as rural service centres. Most cities, towns and growth points are characterised by litter and illegal solid waste dumps on street corners and along sanitary lanes. According to Practical Action Southern Africa (2006), more than 2.5 million […]
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Conrad Mwanawashe : Business Reporter The Zimbabwe Consolidated Diamond Company has since March this year sold about 513 000 carats valued at about $21,5 million from two of the diamond operations it took over in March this year. According to production statistics presented to the parliamentary portfolio committee on Mines and Energy by ZCDC acting chief executive […]
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Total imports in the five months to May amounted to $2,07 billion, a decline of 12 percent compared to the same period last year. According to the latest data released by Zimstat, there was, however, an increase of 16 percent in month on month imports in May to $413,6 million from $356,4 million in April when […]
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Enacy Mapakame recently in LOME, Togo PAN African banking group, Ecobank has unveiled a plan that aims to boost financial inclusion for those currently unbanked across Africa. The plan mainly targets people in rural areas and emerging small to medium enterprises. Speaking on the sidelines of the launch in Lome last Friday, Ecobank group CEO Mr […]
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Melody Mashaire : Business Reporter The retail sector has embraced the proposed introduction bond notes and the use of plastic money as a panacea to the current cash shortages bedevilling the economy. The sector also called for the regularisation of the retail sector in order to create a formalised system that is able to embrace banking of […]
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Golden Sibanda : Senior Business Reporter THE Zambia River Authority will soon embark on market sounding over the $4 billion Batoka Gorge hydro power project to inform and gauge market expectations before finalising the feasibility study and putting the project to tender. ZRA will sound out the financial markets in Lusaka (Zambia), Harare (Zimbabwe), Paris (France) and […]
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JOHANNESBURG — MTN Group named Vodafone Group’s Rob Shuter as CEO, turning to a seasoned executive to lead Africa’s biggest mobile-phone company following the settlement of a record fine in Nigeria. Shuter, a South African who leads Vodafone’s European cluster as CEO, will start by July 1 2017, MTN said in a statement yesterday. He will replace […]
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Business Reporter Unilever Zimbabwe celebrated the sixth year of the Unilever Sustainable Living Plan (USLP) with the Ministry of Health and Child Care, UNICEF, OXFAM and other valued partners at a plenary session on sustainability and business. In 2010, Unilever launched its blueprint on sustainable growth, the Unilever Sustainable Living Plan. The business has ambitious plans to […]
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Business Reporter Life companies wrote $86 million in net written premiums in the first quarter to March 31, 2016 reflecting an 18 percent growth from $73 million recorded in the same period last year, the Insurance and Pension Commission has said. In the Commission’s first quarter report for life assurance companies, 81 percent ($70 million) of […]
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Cape Town — If about 25 percent of the food lost or wasted globally could be saved, it would be enough to feed about 870 million people around the world. According to the UN’s Food and Agriculture Organisation (FAO), 33 percent of food produced in the world for human consumption is either lost or wasted. This […]
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Africa needs to increase its investment in science and technology to become more efficient and competitive in agriculture and reduce costs of importing food, an expert has said. In a statement, African Development Bank president Dr Akinwumi Adesina said the continent had great potential which needed to be unlocked. “Africa’s potential that requires being unlocked is massive […]
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JOHANNESBURG — LAND policy uncertainty and the drought in the Southern African Development Community (Sadc) region are driving down confidence levels in the agribusiness sector. Confidence levels in the first quarter of 2016 show that Southern African business confidence contracted to 42,87 points compared to 42,91 in the last quarter of 2015. This is according to the […]
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Glen Gooding By definition, an immune system is the network of biological structures and processes within an organism that protect it against disease. A weak immune system that cannot effectively fight off attacks is not just a threat to its host, but also to others surrounding it. This concept can likewise be applied to cybersecurity: Organisations […]