Graeme Sharp to hoist Zim flag at Dakar Rally

Graeme Sharp to hoist Zim flag at Dakar Rally

By Anyway Machani GRAEME Sharp is expected to raise the country’s flag high when has his first ‘dance in the sand’ at the forthcoming 2020 Dakar Rally scheduled for Saudi Arabia The 33 year old is aiming to be the first Zimbabwean to hit the final hurdle of the Dakar on a motorbike; he is the second Zimbabwean to enter the event. Graeme however says he will be holidaying on his KTM bike, but will give the competitive event his best shot Racing the Dakar Rally has always been the…

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ART in 18% volume slump

ART in 18% volume slump

By Varaidzo Zhakata Zimbabwe Stock Exchange listed firm, ART Holdings recorded an 18% slump in overall volumes clawed down by continued shortage of foreign currency and the persisting liquidity constraints, the group said in its recently published results for the year ended 30 September 2019. Revenues for the period increased to $267 million due to price increases effected in response to the increased cost of production. Export volumes for batteries and paper increased by 4% and 7% respectively on the back of consistent product availability and increased selling effort in…

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Seedco solidifies footprint on continent

Seedco solidifies footprint on continent

By Anyway Machani SEEDCO regional director Dennis Zaranyika says the seed firm continues to make inroads in all African markets, solidifying the brand in most agro based economies Speaking at a media luncheon held at the company’s headquarters Zaranyika said the company is now present in Harare 17 African countries and has managed to attain the stakeholders’ seal of approval through provision of high quality seeds. “As Seedco we have been providing high quality seeds. We have been making sure that the country is seed secured not only in Zimbabwe;…

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ED goes after multiple farm owners

ED goes after multiple farm owners

By Tendai Sahondo His Excellency, The President, Dr Emmerson Dambudzo Mnangagwa has vowed to rectify anomalies of the land reform program, which saw some individuals amassing multiple farms and large swathes of land. Officially opening the 18th ZANU PF Annual National People’s Conference at Goromonzi High School yesterday, the President said irregularities would be rectified once the land audit has been completed, resulting in downsizing of farms which will be redistributed to deserving cadres keen on growing the economy, towards Vision 2030. “The ongoing Land Audit will result in a…

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Take advantage of government’s 25% olive branch: Nyoni

Take advantage of government’s 25% olive branch: Nyoni

Staff Reporter SMALL and Medium Enterprises (SMEs) have been urged to take advantage of the Act that allows SMEs to be allocated 25 percent (%) of all tenders floated by Government, in order to boost their businesses, which in turn would lead to economic growth towards Vision 2030. Government has been making policies that enable business people to operate conducively and viably, in order to boost production in many sectors of the economy. Speaking in an interview, Minister of Women’s Affairs, Community, Small and Medium Enterprises Development, Dr Sithembiso Nyoni…

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PRAZ transforming government procurement systems

PRAZ transforming government procurement systems

THE Procurement Regulatory Authority of Zimbabwe (PRAZ) has embarked on an ambitious drive to digitise procurement processes in the country as part of the ease of doing business initiative, which is being championed by the Office the President and Cabinet. Speaking in an exclusive interview with the Business Connect, PRAZ Chief Executive Officer, Nyasha Chizu (NC) said the country stands to reap multiple benefits from the digital transformation which will usher in a new age of transparency and improved efficiency. Varaidzo Zhakata (VZ) sat down with the CEO to hear…

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New empowerment policy on cards

New empowerment policy on cards

By Tendai Sahondo   A new economic empowerment policy will be unveiled by the ruling party in the first quarter of next year, ZANU PF head of Economic Empowerment, Dr Mike Bimha has said. In an interview with The ZANU PF Business Bulletin, Dr Bimha said the blueprint which will succeed the controversial indiginisation and economic empowerment policy will be cascaded to government for implementation, subject to periodic evaluation. “We will finalise the new economic empowerment policy in the first quarter of 2020 after it has gone through the requisite…

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Nyoni appoints new ZWMB board

Nyoni appoints new ZWMB board

By Varaidzo Zhakata Government yesterday appointed a nine-member Zimbabwe Women’s Microfinance Bank (ZWMB) board of directors which is expected to steer the bank to greater heights. The board will be chaired by former board member Mr Matthews Kunaka. Kunaka will be supported by Ms Chipo Bhebhe, Mrs Ntokozo Mkandla, Ms Nomagugu Ncube, Ms Rumbidzai Ninga, Mr Obert Ngwenya, Mr Lysias Kunaka, Mr Bright Magura and Mrs Mandas Marikanda as board members Speaking at the event, Minister Nyoni urged the board to execute their duties diligently and objectively. “As Board Members l…

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Hopley GBV mobile centre launched

Hopley GBV mobile centre launched

By Varaidzo Zhakata The United Nations Population Fund (UNFPA) in conjunction with the Government of Zimbabwe last week launched the Gender Based Violence mobile one stop centre in Hopley. In her speech the United Nations Population Fund (UNFPA) Country Representative, Dr Esther Muia said the prevalance of GBV is worrisome. “Gender Based Violence remains a huge problem in the Country. The Zimbabwe Demographic Health Survey for 2015 confirms that violence against women and girls remains a huge problem. At least 1 in every 3 women aged 15-49 having experienced physical…

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ZSE, GetBucks sign MOU

ZSE, GetBucks sign MOU

By Anyway Machani THE Zimbabwe Stock Exchange (ZSE) and GetBucks Microfinance Bank Limited recently tied the note with a view to breathing life into the long anticipated alternative exchange. In a statement, ZSE expressed excitement at the partnership that will deliver the platform aimed at empowering Small to Medium Enterprises in the country. “The Zimbabwe Stock Exchange Limited (“ZSE”) wishes to advise stakeholders on the signing of a Memorandum of Understanding (“MOU”) between the ZSE and GetBucks Microfinance Bank Limited (“GetBucks”). The partnership will entail the two parties working together…

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