News

Telecel Zimbabwe, the country’s third largest mobile operator, has vowed to fight the decision by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) to cancel its licence with effect from yesterday.

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The elimination of tariffs within the Southern African Development Community (SADC) has failed to spur intra-regional trade economic development, President Robert Mugabe said today, adding the bloc needs a long-term industrialization strategy anchored on value addition of unprocessed goods to reduce poverty.

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The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has cancelled the operating licence of Telecel Zimbabwe with effect from 28 April 2015.

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Kwekwe and Gokwe councils are mulling bio gas projects from waste material to mitigate crippling power cuts, with some companies already showing interest in the project, an official said on Monday.

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Platinum miner Mimosa’s revenue for the third quarter ended March 31 remained flat at $32 million despite a six percent dip in production.

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The United Nations Food and Agriculture (FAO) has forecast Zimbabwe’s maize production for the 2014/15 season at 950 000 tonnes, over a third lower than the previous season due to a prolonged dry spell.

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Chinese government-owned construction company, China Civil Engineering Construction Corporation (CCECC) has announced that it has signed a nearly $2 billion contract for a housing project with the government.

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Cigarette manufacturer British American Tobacco (BAT) says weak demand for its products due to higher taxes has forced it to maintain production volumes at last year’s levels.

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SADC leaders are this week expected to endorse a long-term industrialisation plan that could help Zimbabwe reverse the collapse of its productive sector and plug an influx of cheap imported goods.

(239 VIEWS)