Business

Founder of the Econet Group and billionaire Mr Strive Masiyiwa has been appointed to the board of trustees of the National Geographic Society.
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State power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power Station, which BCC claims to own.
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South African gold producers have asked Zimbabweans who used to work there as mine workers in the 1970s and contracted the fatal lung diseases silicosis and tuberculosis to come forward and benefit from a $400 million compensation fund.
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The burial of music superstar Oliver “Tuku” Mtukudzi — the first musician to be accorded national hero status -— was unprecedented in many respects.
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The price of maize meal is set to go up after the rise in the cost of fuel by over 150 percent, with grain millers saying transport costs for outside deliveries and raw materials have shot up by over 80 percent.
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The Civil Aviation Authority of Zimbabwe (Caaz) and the National Handling Services (NHS) are resigned to the possibility of losing $68,8 million they were owed by Air Zimbabwe when it was placed under judicial management.
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First Capital Bank, formerly Barclays Bank Zimbabwe has indefinitely suspended the proposed unbundling of non-core assets for listing on the Zimbabwe Stock Exchange (ZSE).
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Long fuel queues were once among the most common sights on Zimbabwe’s busy streets, but the snaking lines of cars waiting to refuel have disappeared in the past week following a 150 percent price hike.
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Zesa Holdings is seeking to raise $128 million to finance construction of the 30 Megawatts Gairezi hydro power project, where little progress has been registered since the tender was awarded in 2015.
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The Zimbabwe Revenue Authority (Zimra) is targeting to establish virtual border posts where travellers and their cargo will be cleared in less than five minutes.
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