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US$292.4m boost for exporters
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US$292.4m boost for exporters

Zimbabwe’s exporters have pocketed a total of US$292.4 million during the first half of the year from incentives unveiled by the Reserve Bank of Zimbabwe to boost local production. Gold producers are the biggest beneficiaries of the incentives on the back of a rise in exports, according to the central bank latest data. The rise...

Government keen on reviving NRZ
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Government keen on reviving NRZ

The government took a giant step towards the resuscitation of the National Railways of Zimbabwe (NRZ) by signing an agreement with the Diaspora Infrastructure Development Group (DIDG). The agreement has seen DIDG commencing operations to manufacture railway slippers at a plant set in Working with a local company Avenge Infraset, the DIDG Group has started...

Nedbank’s profits and revenue on the low
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Nedbank’s profits and revenue on the low

Harare. — Nedbank Zimbabwe has said its after tax profit for the first six months to June 30, 2018 rose 61 percent to $4,4 million from $2,7 million reported in the comparable period last year, on the back of increased non-interest revenue. The financial institution, formerly MBCA Bank, is a subsidiary of South  Africa’s Nedbank group....

Asking fundamental questions
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Asking fundamental questions

Street markets or roadside food markets have remained a permanent feature in most developing countries. The fact that these markets continue to flourish alongside emerging shopping malls shows they occupy a unique position in commercial activities. Informal markets were previously designed for disadvantaged, low income households with ad hoc incomes who were considered not able...

Rand gain value
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Rand gain value

JOHANNESBURG. — South Africa’s rand gained more than 2 percent yesterday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3 percent stronger on the day and more than 11 percent...

700 more residential stands target in Plumtree
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700 more residential stands target in Plumtree

Diversified financial services group, ZB Financial Holdings will place over 700 residential appears in the marketplace in Plumtree prior to finish of this 12 months. This is section of the group’s efforts towards alleviating casing shortages in the nation as several other tasks have been arranged throughout the country. National casing backlog is estimated in...

Econet takes over as the ZSE giant from Delta
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Econet takes over as the ZSE giant from Delta

Econet spokesperson Fungayi Mandiveyi said the Class A shares will not be trading on the ZSE but will now be included in the company’s market capitalisation, which “is not the same as having them listed”. Delta with a total market capitalisation of $2 522 billion now sits second on the hierarchy of top 10 companies....

Proplastics sees slow operations growth after elections
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Proplastics sees slow operations growth after elections

The company’s chief executive Kuda Chigiya told an analyst briefing yesterday that he was optimistic normalcy would prevail in the post-election period for the betterment of the economy. “Post-election, we think operations to full recovery will still be slow and painful. The foreign currency situation inevitably will bite us going forward,” he said. The demand...

‘$120K for YOUTH ENTREPRENEURSHIP PROGRAM’-CBZ
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‘$120K for YOUTH ENTREPRENEURSHIP PROGRAM’-CBZ

CBZ group marketing and business affairs executive Laura Gwatiringa said recently that the particular programme was executed to offer coaching services to entrepreneurs along with the capacity to maintain and grow them. “Funding will follow after cementing the ideas with enough two-day training workshops, yet basically, there is furthermore a competition aspect that will see...

Seed Co’s BSE listing to increase visibility: Nzwere
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Seed Co’s BSE listing to increase visibility: Nzwere

Local seed manufacturer, Seed Company Limited claims listing regarding its regional procedures about the Botswana Stock Swap (BSE) will be determined in a month’s moment, after shareholders approved typically the proposal yesterday. Speaking in the group’s yearly general meeting inside Harare yesterday, group key executive officer Morgan Nzwere, said everything was about course as they...