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CZI president Busisa Moyo

CZI supports imports restrictions

Confederation for Zimbabwe Industries (CZI) president Busisa Moyo Wednesday said the industrial body welcomes measures by Government to remove certain products from the open general import licence adding this will spur local industry’s productivity. Addressing journalists in Bulawayo, Moyo said the country’s economy is not ...

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Bulawayo Mayor Councillor Martin Moyo and other officials during the launch of the Green Zone

“Green Zone to reduce cost of financial services,”- Dr Dhliwayo

Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Charity Dhliwayo says the establishment of the Old Mutual Group of Zimbabwe’s Green Zone initiative is expected to result in the reduction of the cost in providing financial services to bank customers in the country. Speaking in ...

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Govt keen to reopen ZimCam

MINISTER of State for Matabeleland South, Abednico Ncube has appealed to the government to rehabilitate and re-open ZimCam, a once thriving beef canning factory in the province. Ncube said the West Nicholson based company must also resume export of beef products. ZimCam was once regarded ...

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Zim/SA sign MoU on taxation

ZIMBABWE and South Africa have entered an agreement to avoid double taxation for companies that operate in either of the countries in a bid to promote investment with each other. The two neighbours have signed a memorandum of understating (MoU) on Avoidance of Double Taxation ...

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Small scale miners urged to create links with mining firms

SMALL scale miners will have to make use of this year’s Mine Entra to create synergies with established mining firms as the international exhibition kicks off in Bulawayo. Zimbabwe International Trade Fair Company (ZITF) Board Chairman, Bekithemba Nkomo, said  small scale miners have made significant ...

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Public Debt Management Bill gets backing

Economic analysts in Bulawayo have thrown their weight behind the Public Debt Management Bill saying it has the potential of abating the country’s ballooning domestic and external debt if it is passed into law. The Parliamentary Portfolio Committee on Finance and Economic Development recently concluded ...

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Zimbabwe phasing out inflation-battered local currency

Zimbabwe is phasing out its local currency, the central bank says, formalising a multi-currency system introduced during hyper-inflation. As inflation hit six years ago, foreign currencies like the US dollar and South African Rand came into use. From Monday, Zimbabweans can exchange bank accounts of ...

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Excessive tariffs stall independent power projects

The excessive tariffs being imposed on Independent Power Producers (IPPs) by several government departments are preventing energy projects from taking off, an industry expert has said. Zimbabwe, whose current power generation capacity can only meet half its peak electricity demand of 2,200MW, needs IPPs to ...

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TelOne, NetOne unwilling to settle debt: Econet

TELECOMMUNICATIONS giant Econet Wireless Zimbabwe is owed $26,3 million in interconnect fees by government owned network providers, Tel One and NetOne. According to the company’s audited abridged financial results for the year end 28 February 2015, Tel One and Net One have been failing to ...

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Nettcash spreads its wings

New mobile money transfer company , Nettcash is spreading its wings to the rest of the country as there are plans to open an office in Bulawayo as part of its strategy to increase its subscriber base. Nettcash, launched early this year enables users to ...

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