Inflation skyrockets as mobile transactions come under close scrutiny- again!

Inflation skyrockets as mobile transactions come under close scrutiny- again!

By Wellington Zimbowa RAMPANT illegal currency dealing now mainly effected through mobile money platforms, which have triggered skyrocketing inflation have jolted government into action as the Currency Stabilisation Task Force (CSFT) has been immediately set up to instill discipline in the financial order of the hard currency hit country. The move brings fresh limelight on mobile money platforms, sparking the 2019 fears over disruption of the financial system that many Zimbabweans have resorted to, due to the high liquidity challenges being experienced in the country. The task-force is expected to…

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Timely child labour statistics key to tame child labour- UN Child Agency

Timely child labour statistics key to tame child labour- UN Child Agency

By Varaidzo Zhakata THE timeous release of child labour statistics ensures that children’s rights and welfare are safeguarded in a sustained manner that advances their quest, the United Nations’ children arm has noted during the launch of the 2019’s Labour Force and Child Labour Survey (LFCLS) conducted by the government’s statistics agency. The agency, ZIMBABWE Statistics Agency (ZIMSTAT) 2019 survey indicates a child labour prevalence around 28 percent (%) (round figure from 27, 9%, reflecting a 21, 86% decrease from 49, 86% that was recorded in 2014. ZimStats conducts these…

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COVID -19: High profile awards ceremony postponed

COVID -19: High profile awards ceremony postponed

Reporter THE much anticipated Zimbabwe Achievers Awards (ZAA) 10th Anniversary Celebrations and Awards Gala that had been slated for Victoria Falls this April has been rescheduled to December, as part of wider protective measures taken in the interest of public health, in light of the spread of the Coronavirus (Covid -19), organisers of the event have said. The Zimbabwe Achievers Awards (ZAA) is a global-leading, independent organisation that was founded in 2010 by Conrad Mwanza. Founded by a Zimbabwean in the diaspora Conrad Mwanza, ZAA seeks to recognize, reward and…

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Zim records first Coronavirus case

Zim records first Coronavirus case

BREAKING NEWS By Edward Mukaro ZIMBABWE has recorded its first case of Coronavirus (Covid-19) after a foreigner living in the resort town of Victoria Falls tested positive, yesterday. The infected person, who is originally from the United Kingdom (UK), had been in and out of the southern African country, recently. Speaking on state broadcaster, ZBC Tv last night, Minister of Health and Child Care Dr. Obadiah Moyo said, “ This evening, Friday, March 20, 2020, the National Reference Laboratory at Sally Mugabe Central Hospital confirmed that a suspected case of…

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Battle against Covid -19 still on

Battle against Covid -19 still on

NO doubt, the fatal Coronavirus (Covid -19) is influencing events and economies everywhere around the world, affecting key calendar events in the business, sport and social spheres. As the virus swept across Europe, major teams from various sporting activities had to play in empty stadiums, but as the broader picture deteriorated, all matches had to be postponed, as per government and sporting associations’ orders, following the United Nations World Health Organisations (WHO) recommendations. Having originated in China last December and spreading to the United Kingdom, Italy and the like, Covid…

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Zimbabwe, Rwanda collaboration to boost exports: Zimtrade

Zimbabwe, Rwanda collaboration to boost exports: Zimtrade

By Varaidzo Zhakata THE Rwanda-Zimbabwe Investment and Trade Conference will explore all accessible trade and investment opportunities between Zimbabwe and Rwanda to advance economic collaboration between the two countries. According to Zimtrade chief executive officer (CEO) Mr. Allan Majuru, Zimbabwean businesses can get export opportunities in Rwanda in areas that can be visibly seen to be in their early stages of development. “There are export opportunities for Zimbabwean businesses in Rwanda, in areas such as agriculture, health, education and manufacturing, pharmaceutical, ICT, packaging, clothing and textile, construction and engineering, and…

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Lafarge US$25m expansion project underway

Lafarge US$25m expansion project underway

By Varaidzo Zhakata ZIMBABWE Stock Exchange listed Lafarge Cement Zimbabwe Limited has completed a US$2.2 million project the first phase of the US$25 million expansion project – a three-pronged project – which will see the firm doubling cement capacity, tripling of agricultural lime capacity and automation of the dry motors plant, respectively. Once completed, the project – which was accorded a National Project Status in 2019 – will enable Lafarge to double its operations by 2022. Addressing delegates at the ground-breaking ceremony in Manresa, Harare, the Minister of Finance and…

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State-of-the-art plant to boost Lafarge production by 1000%

State-of-the-art plant to boost Lafarge production by 1000%

By Wellington Zimbowa LAFARGE Cement Zimbabwe’s ambitious project to conquer the market has been set rolling following the historic groundbreaking ceremony for a US$2 million dry mortar mix plant (DMX) that will boost cement and agriculture lime production capacity by close to 1000 percent (%) by mid this year. The DMX project is the first leg of the LafargeHolcim subsidiary’s massive US$25m Limited Expansion Project, as that is expected to double business size by 2022, while contributing to the country’s Vision 2020 agenda. The historic project was approved by the…

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Precious Murena – Nyika, steering Lafarge to greatness

Precious Murena – Nyika, steering Lafarge to greatness

By Wellington Zimbowa JUST two weeks in the office as Lafarge Cement Zimbabwe chief executive officer, Precious Murena – Nyika faces a mammoth task of spearheading the giant cement manufacturer’s vision 2022. According to the company’s board chair Mr. Kumbirayi Katsande, the vision is to double the size of business, chiefly through the current US$25 million Expansion Project. This entails adopting a vicious growth agenda, not merely adopting a plain survival mode, such as, tantamount with most companies given the suffocating economic environment. For many, this is a tall order…

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Spare a thought and helping hand for Cyclone Idai victims and survivors

Spare a thought and helping hand for Cyclone Idai victims and survivors

WITHOUT taking much from the continued preparations and steps to stop, and curb the spread of the deadly Coronavirus (Covid -19), whose spread in the region, already seems like an eventuality. Some have even suggested it’s not a question of ‘if’, but rather ‘when’ the virus would filtrate within the country’s borders. However, that’s a story for another day, as suddenly, the nation has been seized with Covid -19’s imminent threat, while in the process forgetting the tens of thousands, who are homeless and languishing in poverty after the horrendous…

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