Stories

Zimbabwe is likely to meet its projected target of 220 million kilograms of tobacco this season despite experiencing erratic rainfall, an industry official has said.

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President Robert Mugabe who stumbled yesterday and nearly fell after addressing people that had come to welcome him from the African Union where he was elected chairman of the continental body last week was back at work today to chair a cabinet meeting.

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The microfinance sector is optimistic of increased donor support this year, riding on the back of thawing relations between government and the western world but is worried about the ability of struggling civil servants, who form the sector’s core client base, to repay their loans, an official has said.

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The chief whip of the Morgan Tsvangirai faction of the Movement for Democratic Change Innocent Gonese yesterday said that the Member of Parliament for Bikita West, Munyaradzi Kereke, must be booted out of Parliament because he had crossed the floor to rejoin the Zimbabwe African National Union-Patriotic Front.

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The judicial manager of the now defunct diamond mine, Gye Nyame Resources says he is awaiting approval from the mines ministry to enable him to auction the company’s diamonds later this month and pay off mounting administration costs.

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Finance Minister Patrick Chinamasa today said Zimbabweans are overtaxed and shot down a proposal by some legislators for government to introduce a levy to mobilise resources in the fight against cancer.

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Agro-industrial conglomerate CFI Holdings will receive $26 million in compensation for its land that was compulsorily acquired by the government in 2013, court papers show.

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Zimpost is now handling over $4 million in third party financial transactions per month since it launched its money transfer service in 2013, Zimpost managing director Douglas Zimbango has said.

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The Reserve Bank of Zimbabwe (RBZ) is negotiating with Time Bank over $15 million that was raided from its Foreign Currency Accounts (FCA) by the central bank and have the…

Tobacco exports for January have risen by more than 300 percent year on year to 23.6 million kilogrammes, earning $181.7 million, the latest  Tobacco Industry and Marketing Board (TIMB)  report has shown.

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