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Parastatals… graveyards of good intent?
Agriculture, Mechanisation and Irrigation Development Minister, Joseph MadeTHE perennial problem of poor agricultural production will not be solved by the creation of new parastatals, but having in...
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South Africa deports 10 000 Zimbabweans
President Robert Mugabe and South Africa’s president Jacob Zuma.JOHANNESBURG — Over 10 000 Zimbabweans have been deported from South Africa since last year, with the country’s neighbour north of the...
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Spike in prices
Industry and Commerce, Minister Mike Bimha•Election spending to get worse•Bond notes make little impactPRICES of most basic commodities have maintained a northward trajectory, dealing a body blow to...
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Zimbabwe, Sakunda sign US$63 million pact for gas exploration
Minister of Mines, and Mining Development, Walter ChidhakwaBy Godfrey Marawanyika and Brian LathamZIMBABWE and Sakunda Energy signed a US$63 million agreement to explore for gas in the southern African...
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Gershem Pasi resigns from Zimra
Gershem Pasi reigns from ZIMRA on Monday.SUSPENDED Zimbabwe Revenue Authority (ZIMRA) commissioner-general, Gershem Pasi, has resigned from the country’s revenue collector, saying he could not subject...
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Zimbabwe on edge over power crisis
Energy and Power Development, Minister Samuel Undenge… as coal producers cut back on suppliesSUPPLIERS of coal are tightening the screws on ZESA Holdings’ Hwange Power Station (HPS) due to non-payment...
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Stockfeed shortage looms
Agriculture, Mechanisation and Irrigation Development Minister, Joseph MadeZIMBABWE is destined for a serious shortage of stockfeed and edible oil after only 20 000 tonnes of soyabean were produced...
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NSSA rejects Cold Storage Company board
NSSA board chairperson Robin VelaTHE National Social Security Authority (NSSA) has thrown down the gauntlet by refusing to inject new money into the troubled Cold Storage Company (CSC) until a...
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ZANU-PF chefs scramble for assets
Masvingo Provincial Affairs Minister, Shuvai MahofaProperties around Tokwe-Mukosi Dam targetedZANU-PF bigwigs are rubbing their hands in glee, ready to pounce on prime commercial land around...
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RTG shareholders pull plug on rights issue
Rainbow Towers Hotel & Conference CentreA PROPOSED cash call by the Rainbow Tourism Group (RTG) board to clear debts and recapitalise the group has been rejected by key shareholders, the Financial...
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Germans take control of Gonarezhou
Gonarezhou National Park GOVERNMENT has surrendered management of the Gonarezhou National Park to a German based-firm, Frankfurt Zoological Society (FZS), after failing to contain rampant poaching...
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Nelson Banya appointed new Fingaz Editor
Newly appointed Financial Gazette Editor, Nelson BanyaSEASONED journalist, Nelson Banya, has been appointed editor of the iconic Financial Gazette (Fingaz) newspaper with immediate effect. He takes...
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ZANU-PF takes full advantage of incumbency
President Robert Mugabe… as ruling party and government are conflatedON this Thursday morning, something was certainly amiss. On a “normal” weekday, just after 0700 hours, traffic at the Mbudzi traffic...
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FMB buys Barclays Zimbabwe
George Guvamatanga, Barclays Bank Zimbabwe managing director… workers split over dealBARCLAYS Plc has sold its interest in Barclays Bank Zimbabwe Limited to First Merchant Bank (FMB) of Malawi, but...
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Zimbabwe averts power cuts after partial debt payment to South Africa
Energy Minister, Samuel UndengeZIMBABWE has paid US$10 million dollars out of the US$43 million dollars it owes South Africa’s power utility, averting potentially crippling power outages in the...
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Protect humankind’s common heritage – Mugabe
President Robert MugabePRESIDENT Robert Mugabe has appealed to the global community to allow his country to act freely and within the context of its own sovereignty. The nonagenarian was one of a...
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Irvines culls 140 000 birds after avian flu outbreak
Avian flu is a virus that occurs naturally among wild aquatic birds and affects domestic poultry and other birds and animals.ONE of Zimbabwe’s biggest poultry producers, Irvine’s Private Limited, has...
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Chrome miners raise alarm
Former mines and mining development minister, Obert Mpofu.ZIMBABWE’s small-scale miners have criticised the country’s chrome pricing regime, saying it had priced them out of the market by failing to...
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Urban councils in financial ruin
Local Government, Public Works and National Housing Minister Saviour Kasukuwere… as revenue collection declines to 52 percentBy Kenneth MatimaireMUTARE — Revenue collection by Zimbabwe’s urban councils...
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Government’s TB binge could trigger inflation crisis, experts say
Secretary in the Ministry of Energy and Power Development, Partson Mbiriri.THE disclosure by government this week that it had issued Treasury Bills (TBs) worth US$600 million to power utility ZESA...
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