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Steward Bank oils the SME-lending market, secures $15m

STEWARD Bank said on Tuesday it would start lending to the country’s small to medium scale enterprises (SMEs) from a pool of funds sourced from development finance institutions and internal resources. About US$15 million has already been raised for SMEs, the bank said, noting that it would continue to scout for funding to develop the SMEs sector. The bank, which ...

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Strengthening Zimbabwe’s institutional landscape to support the use of research evidence in policy making

  By Ronald Munatsi and Rejoice Ngwenya Evidence informed policy making is now a very topical feature in the global discourse and there is no dispute over the importance of using evidence to inform policymaking. The mandate of Zimbabwe Evidence Informed Policy Network (ZeipNET) is to develop and coordinate overarching national processes that support the use of research evidence in ...

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PIMC champions a Business Conference – “A solutions perspective”

Zimbabwean consultancy company Proxel International Management Consultancy are planning to host a business conference on 11 March, 2016 themed ‘Business challenges; a solutions perspective’ to be held at the Rainbow Towers, Harare. Key points of the conference will address topics such as; How to remunerate the streamlined staff in a deflationary economy, Survival techniques in the current economic environment, The ...

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ZEIPNET filling a critical gap in Zimbabwe’s policymaking environment.

In an environment where Zimbabwe is experiencing an increasingly tightening economic squeeze and decreasing foreign investor confidence due to an unstable political environment, policy inconsistencies and misplaced development priorities there is need to link and harmonise the different players in the policy-making process. These include think-tanks, members of the public the media including academic and research institutions and of-course the ...

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Astro Mobile fresh drive propels Tech World

When Munyaradzi Gwatidzo won the latest award in the Astro mobile trophy cabinet in Morocco recently, it would have been a great feather in the cap to seal a working year and possibly something to pop the champagne for and plan for a new year. Not so! The Zimbabwean tech company would not let the award get to its head ...

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ZESA woes reprieve as ZETDC secures $150m fund

CAIRO headquartered trade finance institution; African Export- Import Bank (Afreximbank) has extended US$150 million to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to settle its outstanding debts. The development comes at a time when ZETDC, a subsidiary of ZESA Holdings is saddled by US$373,8 million debt , which it has not been servicing. Efforts to get a comment from ...

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Zimbabwe Fashion Week UK debut show: Post event

The weekend, while America celebrated their independence Day, The Zimbabwe Fashion Week UK debuted is Britain’s second biggest city Birmingham.  Founded by Chiedza Dawn Ziyambe who herself is a passionate fashion creative, running a lingerie line, Miss Chii Lingerie which did not disappoint on the runway. The show was hosted by the multi-award winner radio and television presenter Kevin Ncube alongside ...

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Bondcoins worthless just like the US Dollar!

I know most of you may be tempted to concur with me on the worthless of bond coins, but as for the US dollars you are probably thinking ‘what is this guy saying? ‘Anyway brace yourself for a brief history lesson by the end of this you will understand why i have espoused the above remarks. Before money was invented ...

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RBZ unveils new coins to be operational December 18

THE new Zimbabwe coins were unveiled by the central bank, but will only start circulating in the country on December 18 2014. Reserve Bank of Zimbabwe governor John Mangudya said the country will receive $10 million worth of bond coins between now and March which translate to 2% of total banking deposits. Speaking at the unveiling of the coins yesterday, ...

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Civil Aviation Authority of Zimbabwe (CAAZ) bills AirZim passengers directly

THE Civil Aviation Authority of Zimbabwe (Caaz) has resolved to collect service charges directly from passengers on Air Zimbabwe (AirZim) flights after being frustrated by the national carrier’s constant failure to remit the money after collection as it is reportedly now amounting to over US$1 million in arrears. “The passenger service charge (PSC) and Aviation Infrastructure Development Fund (Aidef) are ...

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