FMP satisfied by performance

FMP satisfied by performance

By Varaidzo Zhakata FIRST Mutual Properties (FMP) performed fairly well in its property market, despite the impact of the Coronavirus induced lockdown and curfews that disturbed many sectorial operations nationwide. In a statement accompanying the results of the half-year ended 30 June 2020, the company stated that the market property was hampered by an excess supply of space. FMP added that pressure to align rental levels to inflation and exchange rates to maintain viability was disrupted by property owners and agents, who were cautious in lease negotiations, due to excess…

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POTRAZ defends mobile money services

POTRAZ defends mobile money services

By Wellington Zimbowa POSTAL and Telecommunications Regulation Authority of Zimbabwe (POTRAZ) is appealing to the government to acknowledge mobile banking’s efforts in enhancing financial inclusivity, through its generous accessibility by previously unbanked populations in the country. POTRAZ director-general Dr Gift Machengete expressed this in the recent telecommunications regulators 2020 second-quarter report update. “Mobile money services are expected to continue playing a key role in bridging the financial divide by providing convenient, safe, secure and cheap financial services in areas where many Zimbabweans have no access to formal banking systems,” he…

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Lafarge holds on to shareholders dividend

Lafarge holds on to shareholders dividend

By Wellington Zimbowa DESPITE a 27 percent (%) revenue jump to RTGS1.1 Billion, as announced in the first quarter 2020 business period, Lafarge Cement Zimbabwe Limited is not keen to declare a dividend for the half-year period ending 30 June 2020 as fears abound about the country’s economic outlook as the Covid-19 magnifies the business uncertainty Volumes for the Switzerland headquartered company for the period under review closed at 14.1 percent lower, as compared to the same period under review in the previous year, although the months of May and…

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Capacitated irrigation schemes, catalyst to a food secure Zim

Capacitated irrigation schemes, catalyst to a food secure Zim

By Edward Mukaro THE Centre for Conflict Management and Transformation (CCMT) has embarked on a governance-training spree of Small Holder Irrigation Schemes (SHIS) to improve the country’s food security, as Zimbabwe’s current drought and food security issues have remained dire over the past decade, exposing millions of people to food insecurity and poverty, despite the fact that the country has one of the highest proportion of irrigated land in the region. Currently, CCMT is in the Midlands Province, where three (3) Irrigation Management Committees (IMCs) are being trained on governance…

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Government, workers clash inevitable

Government, workers clash inevitable

By Edward Mukaro THE Zimbabwe Congress of Trade Unions has implored workers to join in the ‘Social Justice Struggle Day’, each Monday of the week, as a build-up to a grand ‘Stay Away’, in protest against what the workers’ body president Peter Mutasa called ‘authoritarianism and neoliberalism’. Speaking in an exclusive interview with The BusinessConnect, on the sidelines of a peaceful demonstration held by Zimbabwe Banks Allied Workers Union (ZIBAWU) and ZCTU, in Harare, Mutasa encouraged workers from all sectors of the economy to protest by observing the ‘Social Justice…

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