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A recent joint operation by the Consumer Protection Commission (CPC), the Zimbabwe Revenue Authority (ZIMRA), and law enforcement agents has uncovered widespread trade in smuggled goods at Harare’s downtown shops, commonly known as tuckshops.
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THE Confederation of Zimbabwe Industries (CZI) has reported strong interest from its members in establishing operations in the new capital city under development at Mt Hampden, Mashonaland West Province.
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Zimbabwe's largest producer of platinum group metals (PGMs), Zimplats, is facing financial pressure due to a significant decline in global platinum prices. In response, the company is offering voluntary redundancy packages to its employees in an effort to cut costs.
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Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue.
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The Bezos Earth Fund is pouring US$60 million into revamping alternative proteins as part of its push to make food more sustainable.
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South Africa expects efforts to boost its electric vehicle manufacturing to yield swift results, as manufacturers start to take advantage of tax incentives from early 2026.
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TSL Limited, a leading logistics and agricultural company, reported a 2 percent year-on-year increase in revenue for the quarter ending January 31, 2024. This growth was primarily driven by volume gains, particularly within the logistics business segment.
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Own Correspondent The 3rd Rwanda-Zimbabwe Business Forum, which opened yesterday in Kigali, marks another significant milestone under the economic diplomacy as the Second Republic gears up efforts to unlock economic opportunities in Africa. The high-level event, co-organised by ZimTrade and the Rwanda Development Board, brings together businesses, policymakers, and stakeholders from both countries to explore […]
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Enacy Mapakame Zimbabwe is in the process of tweaking its Securities and Exchange Commission (SECZ) laws to align them with international best practice. This initiative is part of efforts to attract more investment in the country’s capital markets, according to a senior government official. The update is also expected to promote investor confidence and offset […]
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Business Reporter Zimbabwe could see a rise in mergers and acquisitions (M&A) activity this year, driven by increased foreign investor interest exploring opportunities under the African Continental Free Trade Area (AfCFTA) and the attractiveness of mergers for firms seeking to adapt and remain competitive within this integrated trade environment. With Zimbabwe’s post-election period underway, a […]
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Disruption to internet services for millions of users in Africa could take weeks or even months to fix, following damage to undersea cables off the continent’s west coast. Eight West African countries were suffering a second day of major connectivity issues last Friday with users in South Africa also affected, after damage to four sub-sea […]
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President Cyril Ramaphosa has extended the term of South African Reserve Bank (Sarb) governor Lesetja Kganyago for another five years from November and appointed Mampho Modise as a new deputy governor of the bank, the presidency said on Friday. “The re-appointment of Governor Kganyago will ensure continuity and institutional stability at the Reserve Bank,” the […]
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Nigerian inflation surged to a 28-high in February after the authorities allowed the naira to weaken again, raising the specter of a 10th straight interest-rate hike at the end of this month. Consumer prices rose an annual 31.7% from 29.9% in January, the National Bureau of Statistics said Friday in a statement published on its […]
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After a spectacular bust, battery-metal lithium is showing tentative signs of life on speculation the retracement that convulsed the market last year has forced the conditions for a recovery. The spot price of lithium carbonate in China – the key material used to power electric vehicles – has rebounded to the highest level since December […]
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Fidelis Munyoro Chief Reporter State-owned Enterprises and parastatals put under the direct control of Mutapa Investment Fund are set to bounce back to profitability, or maintain profitability and build up the investment assets that belong to the people. Several State-owned enterprises that have been struggling were brought together, along with some already profitable enterprises, and […]