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KIGALI — Rwanda government and Ericsson have signed a breakthrough agreement for the launch of a national interoperability switch based on the Ericsson M-Commerce Interconnect solution on the sidelines of the World Economic Forum. “Mobile payment technology has the potential to advance financial inclusion and help people build savings while giving government, as well as the […]
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A variety of principles are used in environmental management. They help guide and shape the way people interact with the environment as nations develop. These principles include:
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Conrad Mwanawashe : Business Reporter “Axia also becomes the third company to be listed from the Innscor stable through a dividend in specie after Padenga and Simbisa, which ZSE views as a vote of confidence from the group which has been on the ZSE’s official list over the years.” Axia Corporation listed on the Zimbabwe Stock Exchange […]
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GOVERNMENT will soon launch a web portal which will be the internet based entry point to all Ministries as the state moves towards electronic governance, an official said on Tuesday. Speaking at the Zim-Asset Stakeholders Communication Support Workshop, Office of the President and Cabinet head of public affairs and knowledge management, Mary Mubi said the website […]
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Golden Sibanda : Senior Business Reporter THE Minerals Marketing and Exploration Corporation Bill, which is set to become law, will give the Government authority to probe irregularities in mineral exports including before the new law came into force. Already there is deep seated suspicion that Zimbabwe is losing millions of dollar through under declaring the amount and […]
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Abu Dhabi. — Reports that Dubai private equity firm Abraaj was putting together a consortium to bid for up to 35 percent of Barclays Africa’s shares did not excite markets, with observers holding out for an announcement of firm discussions from the bank or its parent. The Abraaj-led consortium would compete with a similar consortium led […]
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Tinashe Makichi : Business Reporter The High Court has dismissed Zimbabwe Stock Exchange’s application for exception in a case where the local bourse is facing a $50 million lawsuit for damages by listed diversified group, Meikles Limited. The ZSE in 2013 suspended the trading of Meikles shares and the suspension was carried out without affording Meikles Limited […]
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Mines and Mining Development Minister Walter Chidhakwa has appointed a board of directors for Hwange Colliery Company Limited (HCCL) tasked with turning around the fortunes of loss making coal miner. Mimosa Mining Company executive chairman Winston Chitando chairs the eight member-board, whose immediate task is to address HCCLs $160 million debt and boost declining production.
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JOHANNEBURG. – Vasari, a leading consumer focused investment group has reached an agreement to acquire 100 percent of KWV Group’s operational assets for R1,15 billion. Vasari has over three decades of experience in owning and operating branded consumer goods companies across Africa, Asia and Europe.
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Martin Kadzere : Senior Business Reporter Zimbabwe should start looking at ways of tapping into the approximately $7 billion informal industry by establishing retirement savings schemes for the informal sector, Alexander Forbes (Kenya) chief executive Sundeep Raichura said. Addressing delegates at the Zimbabwe Association of Pension Funds annual conference last week in Johannesburg, Mr Raichura said the […]
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Golden Sibanda : Senior Business Reporter DEMAND for power in the mining sector is projected to increase by an estimated 25 percent to 150 megawatts, assuming mining firms undertake more investments in the sector. In fact, demand for electricity in the mining sector is projected to grow incrementally from 2016 through to 2020 by almost 82 percent […]
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Business Reporter PENSION funds should start considering alternative investments in hedge funds, private equity and venture capital for better yields, a senior executive said last week. MMC Capital executive director Itai Chirume told Zimbabwe Association of Pension Funds delegates attending the association’s annual conference held in Johannesburg, South Africa last Friday that of late, yields from […]
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Business Reporter INNSCOR Africa Limited’s Axia Corporation will today become the second counter to list on the Zimbabwe Stock Exchange this year. Unbundled from the Innscor Group, Axia Corporation operates in the specialty retail, distribution and logistics sectors through its three operating subsidiaries, Distribution Group Africa (50,01 percent), Innscor Credit retail t/a TV Sales and Home […]
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Business Reporter Over 25 women entrepreneurs will participate in an Export Awareness Seminar to be conducted by ZimTrade May 20 2016, in Bulawayo. The seminar, which is part of ZimTrade’s women empowerment initiatives, is aimed at developing and enhancing the export skills of women in business to become effective exporters.
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The Zimbabwe government adopted the Communal Areas Management Programme for Indigenous Resources concept in the early 80s as a way of encouraging communities living adjacent to national parks to live in harmony with wild animals, which sometimes attacked them as well as destroyed their crops. Campfire director Charles Jonga told Parliament that there serious conflict between […]