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RBZ gets tough on exporters

HARARE – The Reserve Bank of Zimbabwe (RBZ) has imposed fines on exporters, accusing them of externalising up to $360 million. The…

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PPC to double output

HARARE – Pretoria Portland Cement (PPC)’s Zimbabwe unit Portland Holdings Limited (PHL) plans to double cement output to two million tonnes on…

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EIB to inject $135m

HARARE – The European Investment Bank (EIB) will inject nearly $135 million into Zimbabwe’s Small and Medium Enterprises (SMEs) sector, which has…

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Zisco workers appeal to Mugabe

HARARE – The Zimbabwe Iron and Steel Company (Zisco)’s — now NewZim Steel — workers have appealed to President Robert Mugabe for…

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AfrAsia Kingdom restructures

HARARE – AfrAsia Kingdom Zimbabwe Limited (AKZL) — formerly Kingdom Financial Holdings Limited — has restructured its board. The exercise follows the…

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ZABG seeks NIEEB bailout

HARARE – ZABG Bank Limited (ZABG) has approached the National Indigenisation and Economic Empowerment Board (Nieeb) for possible funding to help it…

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Zinara collects $28m

HARARE – The Zimbabwe National Roads Administration (Zinara) says it collected a total revenue of $28 million in the nine months to…

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