Business

Standard Chartered supports young people in Zimbabwe hit by Covid-19

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Standard Chartered Zimbabwe has launched a new community project to support young people inZimbabwe recover from the economic impact of the COVID-19…

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Business

ZCDC explains ballooning debt

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THE Zimbabwe Consolidated Diamond Corporation (ZCDC) says its failure to account for related party debts and investments was mainly a result of legacy debts it inherited from previous diamond mining companies.  This comes as the parliamentary portfolio committee on Mines demanded responses from ZCDC on allegations raised in the 2019 auditor-general’s report that was recently…

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Business

Finance manager in trouble over ‘US$65k swindle’

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A LOCAL non-governmental organisation, Environment Africa (EA),  has dragged one of its former employees to the High Court after he allegedly abused his position and stole over US$65 000. In the court summons, EA said that Shaibhi Million had taken advantage of his position as the finance and administration manager and transferred US$59 000 belonging to…

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Business

Better Brands in US$80 million gold haul

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BETTER Brands Jewellery (BBJ) has delivered 1,4 tonnes of gold — worth US$80 million — to Fidelity Printers and Refiners (FPR) against other agents’ aggregate 400 kilogramme haul so far.  This comes as Mines minister Winston Chitando has said several miners were working hard to fulfil President Emmerson Mnangagwa’s US$12 billion vision and group founder…

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Business

Seed Co launches new vegetable seed varieties

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ONE of the country’s leading seed manufacturing firms, Seed Co, yesterday launched new vegetable seed hybrid varieties it hopes will provide a cost-effective production solution for farmers.  The company launched two new cabbage seed varieties — SCV Dephine F1 and SCV Majesty F1 — at their Stapleford Farm headquarters in Mt Hampden. New tomato and…

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Business

Kuvimba’s in US$5.2m dividend payout

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COMMODITY trader and miner, Kuvimba Mining House has declared a US$5,2 million maiden dividend to its local shareholders following a solid performance during the financial year ended 31 March 2021. Zimbabwe expects a surge in foreign currency earnings from the mining sector this year, and has set an ambitious target to grow the mining sector to…

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