Tag Archives: Business

‘Byo industries require revival first’

Once the industrial hub of the nation, Bulawayo has suffered de-industrialisation effects over the past two decades, with over 100 firms closing down leaving thousands jobless. In a bid to revive the local industry, the government has designated the city as a Special Economic Zone for leather and textile. NewsDay (ND) business reporter, Mthandazo Nyoni interviewed businessman and industrialist, Delma

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Surging wages lead to monetary tightening in Central Europe

BUDAPEST — Mounting labour shortages and surging wages across central Europe are nudging inflation higher, prompting some central banks in the fast-growing region to tighten policy after years of monetary easing. The Czech central bank already delivered a first small rate hike in August and markets expect a further increase next month, with unemployment at an all-time low of 3,8%

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Africa needs a resilient investor: Dangote

AFRICA’S richest man, Aliko Dangote, has said a resilient investor can overcome the continent’s challenges of fluctuating commodity prices, infrastructure gap, weak rule of law and corruption. BY FIDELITY MHLANGA Giving his keynote speech in Nigeria at the Tony Elumelu Entrepreneurship forum (TEF) last week, Dangote said despite Africa’s impediments the continent was laden with a lot of opportunities. “Several

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NSSA eyes CSC equity

THE National Social Security Authority (NSSA) says its $18 million investment deal to revive Cold Storage Company (CSC) was on course, with positive engagements underway that will culminate in the eventual issue of equity in its favour. BY MTHANDAZO NYONI The State-run pension fund intends to pour in $18m to recapitalise CSC in an equity investment deal. NSSA acting chief

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Love for imports create internal economic challenges

BUY Zimbabwe says the country’s love of imports has created the internal economic challenges prevalent today which has led to a highly imbalanced economy. BY BUSINESS REPORTER In a statement on Tuesday, Buy Zimbabwe said the existence of markets directly influences industrial performance. “The existence of markets directly influences industrial performance and love for imports has created internal economic challenges

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