News about Zimbabwe that you can use
Zimbabwe is among the most restrictive African countries in the trade of financial services with policy and regulatory shortcomings inhibiting the growth of the services sector in the southern-African country, a United Nations report has shown.
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The government has completed an audit of its civil service and this time, Public Service Minister Prisca Mupfumira has promised to release the results.
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The faulty equipment that was supplied to Hwange Colliery by an Indian company is properly warranted and guaranteed and was bought through a tender system, Deputy Minister of Mines Fred Moyo, told the Senate this week.
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Altfin Insurance, whose licence was cancelled at the beginning of this year, will now be liquidated with some creditors likely to recover 20 percent of the amount they are owed as the company’s liabilities exceed assets.
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Tourism Minister Walter Mzembi says Zimbabwe must open its borders and skies if it wants to achieve the $5 billion tourism economy within five years.
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The local unit of VimpelCom, Telecel Zimbabwe, sees data and overlay services contributing half of revenues within the next two years driven by a gradual growth in smartphone penetration, new chief executive officer Angeline Vere said.
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Zimbabwe’s social security agent should reduce its exposure on the capital markets and balance its investment portfolio with infrastructure projects and employment creation to help offset an underperforming economy, labour minister Priscah Mupfumira said today.
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The City of Harare says it is owed up to $80 million in unpaid water bills which have accrued since 2013 as water revenue continues to decline and expects the introduction of prepaid water meters to bolster its revenue base.
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Fresh from dismissing founding chief executive Kalaa Mpinga last month, resources group Mwana Africa has fired several staff, including consultants with more to come in a shake-up the company says is designed to lower overhead costs and change its working culture.
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Former Mwenezi East Member of Parliament Kudakwashe Bhasikiti’s case in which he was challenging his expulsion from the Zimbabwe African National Union-Patriotic Front was yesterday thrown out after Judge Chinembiri Bhunu ruled that Bhasikiti had jumped the gun and should have approached the party’s central committee to appeal against his expulsion instead of approaching the court.
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