Stories

Courier service provider DHL Zimbabwe says an increase in tobacco exports to Belgium following  the European Union (EU) easing of sanctions on the country has spurred growth in volumes, and necessitated the company’s expansion.

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Government’s domestic borrowing increased by nearly 30 percent to $549.18 million in February compared to the same period last year, latest central bank figures have shown.

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The veterinary services department in the Midlands has suspended cattle trade in parts of the province due to a suspected outbreak of foot and mouth disease, an official said today.

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The Civil Aviation Authority of Zimbabwe (CAAZ) is struggling to attract new airlines to its new look Victoria Falls International Airport because of poor traffic to the tourism hotspot, an official has said.

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Munyaradzi Kereke, the local representative of a shadowy prospective Tetrad Investment Bank investor today met and assured restive creditors that a deal to rescue the financial institution was being finalised with government.

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The international Monetary Fund has said Zimbabwe’s economic prospects remain difficult as growth has stalled and is now expected to weaken further this year on debt distress, fiscal challenges and difficulties in policy implementation.

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The poultry industry in Zimbabwe recorded a 22 percent growth in the first quarter of 2015 after producing 17 million broiler day old chicks, an industry official has said.

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Harare firm Paramount Garments has finally taken over Archer Clothing Manufacturers after bickering between creditors delayed the acquisition for over a year.

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Harare City Council says it is looking for development partners to fund the upgrade of 70 ‘slum settlements’ that are spread across the city.

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An arbitrator has ordered Zimbabwe’s largest health insurer – Premier Services Medical Aid Society (PSMAS) to pay its former chief executive Cuthbert Dube outstanding salaries amounting to $3 million, after ruling that his employment contract was not terminated.

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