Cassava records 11% profit increase

Cassava records 11% profit increase

By Wellington Zimbowa CASSAVA Smartech registered a gross profit increase of 11 percent (%) and a 2% EBITDA margin in 2019 compared to the previous year, while the Agri-tech and Moovah revenues have been spurred by rising digital on-demand agriculture platform that encompasses both smallholder and large-scale commercial farmers, and the non-motor business for the short term insurance business unit. The group posted gross profit increases of 68% from 57%, in 2019, while the EBITDA margin rose to 29%, from 27% in the subsequent year, registering RTGS 4.6 billion revenue…

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Veld fires increase alarming

Veld fires increase alarming

By Staff Reporter ZIMBABWE has recorded a 31% upsurge in veld fires for the period between 31 July and 31 October compared to the same period last year, claiming at least three lives, the minister of Environment, Climate, Tourism and Hospitality Industry, Mangaliso Ndlovu has said. Veld fires have become one of the greatest environmental challenges of our time, causing unprecedented damage to Zimbabwe’s natural resources, forests, animal habitat and even leading to the loss of lives and valuable property. According to a recent Cabinet Briefing, “Cabinet was informed that…

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ZCTU blasts government’s salary increment

ZCTU blasts government’s salary increment

By Edward Mukaro THE Zimbabwe Congress for Trade Unions (ZCTU) has labelled Government as naïve, heartless as authorities announced the new basic teacher salary package of ZW$18 237 and a basic 10% risk allowance. Since the relaxation of the lockdown by Government and the subsequent reopening of schools, authorities have largely failed to agree with teachers on an attractive package leading to teachers absconding lessons. School children have been attending school, but erratically as teachers continue to defy government. Speaking in an exclusive interview with The BusinessConnect, ZCTU president Peter…

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National Development Strategy to accelerate economic growth

National Development Strategy to accelerate economic growth

By Staff Reporter GOVERNMENT has approved the National Development Strategy (NDS) 1 2021-2025 that is set to accelerate, high, inclusive, broad-based, and sustainable economic growth and development, Information Minister Monica Mutsvangwa, said during a Post Cabinet briefing on Tuesday. She said the Minister of Finance and Economic Development Professor Mthuli Ncube presented the NDS1 which is the government’s first of two 5-year Medium – Term blueprints running under the theme, “Towards a Prosperous and Empowered Upper Middle Income Society by 2030. “The National Development Strategy 1 outlines the policies, legal…

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GCF US$26 million project to benefit 2 million people

GCF US$26 million project to benefit 2 million people

By Edward Mukaro GOVERNMENT in partnership with the United Nations Development Programme (UNDP) are implementing a climate change adaptation, seven-year Green Climate funded project titled “Building climate change resilience to agriculture livelihoods in Southern Zimbabwe”, that will benefit an estimated two million people directly and indirectly, as the nation moves towards attaining Sustainable Development Goal (SDG) 13. SDG 13 urges nations, party to the UN Framework Convention on Climate Change (UNFCCC) to take action and combat climate change and its impacts. Zimbabwe like most nations on the globe has felt…

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Delta side steps COVID-19 to register 910% revenue growth

Delta side steps COVID-19 to register 910% revenue growth

By Staff Reporter BEVERAGE giant, Delta Corporation has recorded revenue growth of 910 percent (%) compared to the prior year, to stand at ZWL 10.6 billion driven by inflation-induced pricing across all product categories, according to the group’s audited financial results for the six months ended 30 September 2020. The group noted that the operating environment was largely restrictive due to the effects of the global pandemic, COVID- 19, as selling and distribution of beverages was curtailed by the restriction of movement and social gatherings, closure of on-premise consumption outlets…

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Dube’s rich football expedition

Dube’s rich football expedition

By Simbarashe Musaki THE narrative history of Zimbabwe’s finest goalkeepers will be a broken thread without the mention of former Warriors shot-stopper, Tafadzwa ‘Tadios’ Dube. He rose to stardom through the now-defunct, Lancashire Steel which placed him on the limelight. His rich journey propelled him to join, Dynamos, Caps United, FC Platinum, Manica Diamonds and Harare City, respectively, among a host of other several teams. In simpler terms, he is a football nomad. Dube is a player who grasped and mastered the skills of modern goalkeeping, from his role model,…

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