POWER utility, Zesa Holdings (Zesa), says private sector participation in power generation would provide the answer to the country’s perennial deficit, as the state entity, which is owed $15 billion …
finance
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THE government plans to use part of the nearly US$1 billion in special drawing rights (SDR), which Zimbabwe recently received from the International Monetary Fund (IMF) to guarantee loans to …
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MINERS’ representative body, the Chamber of Mines of Zimbabwe (CoMZ), has asked the government to charge taxes, royalties and for electricity bills among other statutory obligations in the Zimbabwean dollar (ZWL), …
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THE bulk of fuel imported into Zimbabwe during the first eight months of 2021 was funded by free funds, latest official statistics have shown. Two decades of economic turmoil has …
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CABLE manufacturer Cafca Holdings (Cafca) is forecasting a slowdown in the growth of its sales volumes amid uncertainty around foreign currency availability in Zimbabwe. The company’s volumes grew by 49 …
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INNSCOR Africa (Innscor) is engaging local banks to negotiate for lower borrowing costs to fund expansion works within the group. In an annual report for the year ended June 30, …
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STEWARD Bank (Steward) is reaping rewards of revenue generated by interest-bearing assets against the cost of servicing liabilities, after its net interest income rose to $706 million for the half …
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THE Zimbabwe Association of Pension Funds (ZAPF) says the industry’s long-standing challenges with prescribed asset ratio compliance could be eased by opening up investment opportunities in the mining and rail …
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ZIMBABWE is targeting a local content threshold of 80 percent for the raw materials used in every locally-manufactured product under a rating and certification system that was launched in September. …
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SILVERBACK Asset Management Company has launched Mombe Mari Trust a fund created as an investment vehicle in the Zimbabwe beef industry by identifying businesses that will contribute to the growth …
