finance

Zim targets investors at Energy Week

AUTHORITIES say the Sadc Sustainable Energy Week in Victoria Falls later this month will present an opportunity for the country to court energy investors. This comes as the government is intensifying efforts to end power outages, having set an ambitious target of generat­ing 6 000 megawatts by 2030. Speaking to the media in Harare yesterday,…

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Zim committed to tourist satisfaction, Manyaya

THE government says it is committed to ensuring that the well-being and satisfaction of tourists in Zimbabwe is strictly safeguarded. This follows an incident where police officers fined a South African tourist US$30 at a roadblock in Chipinge, Manicaland, for allegedly failing to carry four emergency warning triangles. The encounter came to light after the…

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Industrial growth set for record highs

THE country’s economy is expected to maintain its growth trajectory this year, with companies expanding production and using more of their capacity, the minister of Industry and Commerce, Mangaliso Ndlovu, revealed yesterday. Addressing the media in Harare yesterday, Ndlovu said industrial capacity utilisation, which reached 57 percent last year, is projected to surpass 60 percent…

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‘Local toothpaste makers need protection’

THE Competition and Tariff Commission (CTC) has proposed a temporary safeguard duty on toothpaste imports, citing evidence that rising inflows of low-priced products have severely undermined local manufacturing. In a determination published in the Government Gazette, the commission recommended a temporary trade remedy. The recommendation follows an investigation which found that a sharp surge in…

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