Incentives spur farmers- Outgoing TIMB boss

Incentives spur farmers- Outgoing TIMB boss

By wellington Zimbowa OUTGOING Tobacco Industry Marketing Board chief executive officer, Dr Andrew Matibiri leaves a happy man after over a decade successful tenure at the helm of the state controlled tobacco regulation and advisory board. Credited with turning the fortunes of the dipiladating, but once vibrant sub-economic sector Dr Matibiri recalls that he gave his office due attention and has a parting lesson for the country. “My feeling is that, after serving as CEO for TIMB for 12 years, I have given the industry all that I had to…

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Zimbos inline for COVID- 19 jab

Zimbos inline for COVID- 19 jab

Reporter AS the world continues to fight the new Covid-19 variants, a numbers of different vaccines have been developed and among them they is Moderna, OxfordAstraZeneca, Pfizer-BioNTech, Jonhson and Jonhson, as well as the Sinopharm, which the country recently received from China. Zimbabwe has recorded a total number of 35 710 cumulative cases with 3 783 active cases, 31 972 recoveries and 1430 deaths as of 17 February 2021. Health workers will be the first to get the jab, as the government awaits other deliveries from the United Kingdom, Russia…

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Almost 2 billion people depend on health care facilities without basic water services

Almost 2 billion people depend on health care facilities without basic water services

Around 1.8 billion people are at heightened risk of COVID-19 and other diseases because they use or work in health care facilities without basic water services, warn WHO and UNICEF. “Working in a health care facility without water, sanitation and hygiene is akin to sending nurses and doctors to work without personal protective equipment,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “Water supply, sanitation and hygiene in health care facilities are fundamental to stopping COVID-19. But there are still major gaps to overcome, particularly in the least developed countries.” The…

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OK posts 684% revenue increase

OK posts 684% revenue increase

By Wellington Zimbowa RETAIL giant, Ok Zimbabwe Limited’s active response against the global COVID- 19 pandemic has paid dividends as the retailer’s annual revenue increased by 684 percent (%) compared to the previous trading year, according to the company’s trading update for the six months ending 30 September 2020. The increase in revenue was recorded despite an alarming 680.6% hike in overhead costs for the period under review. OK, Zimbabwe has a total of 65 shops nationwide and two wholly subsidiaries according to the update. In the period under review,…

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UKTP to spur horticulture growth – ZimTrade

UKTP to spur horticulture growth – ZimTrade

By Edward Mukaro THE United Kingdom Trade Partnership (UKTP) will boost Zimbabwe’s horticulture sector, while also enhancing the capacity of new players, ZimTrade has said. Zimbabwe recently signed a landmark deal with the UK that will see local horticulture products being exported to the European nation, boosting the Southern African nation’s revenue income from exports. Speaking in an interview with The BusinessConnect newspaper, ZimTrade corporate communications manager, Danai Majaha expressed the organisation’s optimism of the recent agreement between the two nations, saying it will go a long way in building…

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Covid-19: Africa lobbies for harmonized travel order

Covid-19: Africa lobbies for harmonized travel order

By Wellington Zimbowa THE African Union and the Africa Centres for Disease Control have launched a new initiative to harmonise travel restrictions across the continent, in the wake of rife confusion and conflicting travel regulation by individual countries in the wake of the COVID- 19 pandemic. Individual countries across Africa have implemented their own travel restrictions since the onset of the COVID- 19 pandemic, leading to a complex patchwork of competing regulations and confusion over when travellers should complete a test prior to arrival. Titled Saving Lives, Economies and Livelihoods,…

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Gloomy economic outlook for the region

Gloomy economic outlook for the region

By Wellington Zimbowa ZIMBABWE’s population majority is sinking in poverty, topping the regional list, according to a recent African Development Bank (AFDB) report, which also warns that rife youth unemployment in the region poses a major peace and stability threat. The COVID- 19 pandemic spurred the challenge, redoubling efforts to deal with unemployment and inequality. Titled “Coping with the COVID- 19 pandemic”, noted that Southern Africa has the highest unemployment levels, averaging 12.5 percent (%) between 2011 and 2019, followed by North Africa averaging 11.8% over the same period. The…

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ZSE’s e-platform to improve ease of doing business

ZSE’s e-platform to improve ease of doing business

By Varaidzo Zhakata THE Zimbabwe Stock Exchange (ZSE) has gone a mile further in creating a conducive environment of conducting business, as the bourse launched online trading that is set to promote the ease of doing business, as it will enable the retail sector and independent investors to trade, while they can now also access features that were previously inaccessible. Launching of the trading platform by the ZSE allows investors’ admittance to the market for trading; their individual portfolios, as well as market information via a web portal. Unlike the…

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ZTA warns noncompliant stakeholders

ZTA warns noncompliant stakeholders

By Varaidzo Zhakata THE Zimbabwe Tourism Authority (ZTA) has commended the Ministry of Health and Child Care, and all relevant stakeholders, including the government at large for showing commitment towards the recovery of the tourism industry, but warned uncompliant players in the industry of the dire consequences upon failure to adhere to the set COVID- 19 preventative guidelines. Following the gradual and partial opening of the tourism sector, the ZTA has emphasized on the need for all players in the tourism industry to sternly observe and adhere to the set…

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New dispensation characterized by macro-economic dislocation and instabilities – analysts

New dispensation characterized by macro-economic dislocation and instabilities – analysts

By Simbarashe Musaki MACRO-ECONOMIC dislocation and instabilities characterizing the new dispensation are the main toxicities affecting the country’s economic main pillars leading to economic woes facing the country, economic experts have said. Economic guru Vince Musewe in an exclusive interview with Business Connect generously reminded the President Emmerson Mnangagwa led new dispensation essential economic and monetary fundamentals being overlooked by his think tanks implementable to resuscitate the economy. “If the government wants the economy to recover there is need for a total relook at our macro-economic stabilities, the pillars being…

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