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NVCCZ seeks to close startup funding gap

THE National Venture Capital Company of Zimbabwe (NVCCZ) will stimulate the country’s entrepreneurial ecosystem and drive economic growth, minister of Finance, Mthuli Ncube, says.Speaking at the launch of the company recently, Ncube said the initiative aims to address the critical funding gap often faced by startups and early-stage businesses, providing them with capital and support…

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Exports tick up

Prisca TshumaStaff WriterZIMBABWE’S exports rose by 29,7 percent to US$905,2 million in November 2024, up from US$698,1 million recorded in October 2024, according to the latest figures.Data from the Zimbabwe National Statistics Agency (Zimstat) shows that tobacco was among major exports.“Among the top ten products exported in November 2024 were semi-manufactured gold, which accounted for…

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Udcorp in talks for US$40mln line of credit

HOUSING minister Daniel Garwe says the Urban Development Corporation (Udcorp) is in advanced discussions to access US$40 million in lines of credit from pan-African housing development financial institution, Shelter Afrique. This comes as Shelter Afrique has signed an agreement with the Zimbabwean government to hold its 41st annual general meeting (AGM) in Victoria Falls this…

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Zimplow ‘cautiously optimistic’

ZIMPLOW Holdings (Zimplow) says it remains focused on delivering its strategy and targets, amid indications that prospects for the fourth quarter are bright. In a trading update last week, the diversified agro-industrial group said it will, however, continue to “trade cautiously given the challenging trading environment”. “The prospects of a good agricultural season, continued growth…

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