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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Zimbabwe losing gold glimmer to South Africa

Zimbabwe losing gold glimmer to South Africa

By Tendai Sahondo MUDDY bodies troop from a hollow gold tunnel in Mazowe, central Zimbabwe. Exhausted and desperate, they stagger to one of the numerous Chinese gold mills and pin their hopes on fate. Luck favors them and they salvage rich pickings from their ore tonnage, however before they can plunge into reckless merry-making, they face a dilemma – sell their gold to government and receive half of their payment in a weakening local currency or get paid exclusively in United States Dollars (USD) from unauthorised gold dealers. Unsurprisingly, they…

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Mthuli supportive of 12 billion mining dream

Mthuli supportive of 12 billion mining dream

By Anyaway Machani The minister of Finance and Economic Development, Professor Mthuli Ncube says he fully supports the vision to achieve a USD12 billion mining sector by 2023. Speaking at a mining conference held at Meikles Hotel, Ncube commended the blueprint. “I am a fan believer in the USD 12 billion issue, I can see it, I can feel it and I am impressed on what is being built, bit by bit, deal by deal, mineral by mineral we are already there,” said Ncube. The minister of finance was excited…

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AfSun in US$25mln refurbishment

AfSun in US$25mln refurbishment

By Anyway Machani AFRICAN Sun limited has embarked on a US$25 million revamp for its properties, the listed firm confirmed in its latest trading update for the nine months and third quarter ended 30 September 2019. Properties targeted for facelifts include Troutbeck Resort and Great Zimbabwe hotel. “We have commenced the refurbishment of Troutbeck Resort, Carribea Bay Resort and Great Zimbabwe Hotel albeit at a much slower pace as funding commitments and long term planning have been hampered by the 20% foreign currency surrender, as well as the thirty (30)…

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ZTA OUT TO POSITION ZIMBABWE AS A MICE DESTINATION AT IBTM

ZTA OUT TO POSITION ZIMBABWE AS A MICE DESTINATION AT IBTM

In its drive to promote Zimbabwe as a Meetings, Incentives, Conferences and Exhibitions (MICE) destination, the Zimbabwe Tourism Authority will this week participate at Incentive Business Travel and Meetings World Exhibition to be held from 19 – 21 November 2019 in Barcelona, Spain. Zimbabwe has identified strategic business tourism shows which provide platforms for engagements. This year’s IBTM World is targeted to deploy the country as a first choice MICE destination. IBTM World is the leading global event for the meetings, incentives and business travel industry. The Zimbabwe Tourism Authority…

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Mthuli’s embarrassing gaffe

Mthuli’s embarrassing gaffe

By Tendai Sahondo Finance minister, Professor Mthuli Ncube was left with egg on his face earlier this week when the Chinese embassy claimed he had understated the assistance that the country received from Beijing by a yawning margin in his budget statement. According the embassy, China provided support to Zimbabwe amounting to US$136.8mln and not the US$3.7mln claimed by government. “The Embassy of the People’s Republic of China in Zimbabwe has taken note of the release of 2020 National Budget Statement by the Zimbabwean government. The Embassy appreciates the positive…

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Border Timber volumes slump

Border Timber volumes slump

By Tendai Sahondo   Listed Concern, Border Timbers sales volumes for the 3 months to September slumped to 18, 973m3 in comparison to 22,183m3 achieved in the prior year. In a trading update, Judicial Manager Peter Lewis Bailey said volumes had been affected by low production at the Charter sawmill, caused mainly by machine breakdown and power outages. Production for the period stood at 17,986m3 in comparison to 19,776m3 achieved in the comparable period. “The low production had a knock-on effect on sales volume as this resulted in lower sales…

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Investigate USD10 billion contentious debt: ZIMCODD

Investigate USD10 billion contentious debt: ZIMCODD

By Anyway Machani  The Zimbabwe Coalition on Debt and Development (ZIMCODD) says government should investigate the country’s contentious US$10bln debt rather than overburden the taxpayer. Speaking at a post budget workshop held in the capital, ZIMCODD Campaign and Advocacy Officer, Confidence Tendai Bobo said corrupt government officials responsible for the debt should be held accountable for their actions. “There is the US10billion over expenditure by different line ministries and government departments and we are saying as a nation we need to audit where this debt came from because it cannot…

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FOOD POVERTY LINE JUMPS 53%

FOOD POVERTY LINE JUMPS 53%

By Staff Reporter  The October Food Poverty Line (FPL) jumped 54% to $271.48 from $176.61 recorded in September; latest figures from the Zimbabwe National Statistics Agency have shown. The FPL represents the minimum consumption expenditure necessary to ensure that each household member can (if all expenditures were devoted to food) consume a minimum food basket representing 2 100 calories. An individual whose total consumption expenditure does not exceed the food poverty line is deemed poor. Statistics also showed that the October 2019 FPL for an average of five persons in…

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