All posts by: BBA Press

IPEC pushes for insurance inclusion

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The Chronicle Michael Magoronga, Business Correspondent THE Insurance and Pensions Commission (IPEC) will continue working towards promoting insurance inclusion and pension coverage to ensure all Zimbabweans, regardless of their financial status, are financially included. Government has embraced financial inclusion as an important priority for fostering socio-economic development. IPEC recently introduced a framework that ensures non-formal workers […]

President talks up Zimbabwe for investments

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The Chronicle Tendai Mugabe, in Dubai, United Arab Emirates International investors should consider investing in Zimbabwe as it has removed restrictions that hindered investment, President Mnangagwa said yesterday. He stressed that Zimbabwe was open for business and was implementing economic and political reforms to ensure investments were safe. Zimbabwe had already scrapped the Indigenisation and Economic […]

EcoCash upgrade ‘a success’

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The Chronicle Business Reporter ECOCASH has announced that it has successfully migrated to a new platform and is now addressing post-cutover stabilisation issues.  In a statement yesterday, Mr Eddie Chibi, the chief executive officer of Cassava Smartech Zimbabwe, the parent company of EcoCash, said:  “We successfully implemented the planned upgrade of EcoCash to a new, […]

Government, ILO design demo worksite for informal sector

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The Chronicle Oliver Kazunga, Senior Business Reporter GOVERNMENT and the International Labour Organisation (ILO) have partnered in creating a design for the demo worksite to be set up in Bulawayo to address the challenges faced by traders in the informal sector. Permanent Secretary in the Ministry of Women Affairs, Community, Small and Medium Enterprises Development Mr Melusi […]

Forex trading school targets 70 000 potential investors

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The Chronicle Oliver Kazunga, Senior Business Reporter  THE Forex Trading School Africa has launched a national campaign to impart online currency trading skills across the country targeting 70 000 potential traders.  Addressing a Press conference in Bulawayo last week, the Forex Trading School Africa chief trading officer, Mr Kuda Manzanga, said their vision was to promote […]

Live Talk

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UPDATE 1-Zimbabwe central bank halves main rate despite soaring inflation

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(Adds detail, background) HARARE, Nov 18 (Reuters) – Zimbabwe’s central bank said on Monday it would halve its main lending rate to 35% as it sought to boost an economy facing its worst crisis in a decade. The decision marked a sharp change in policy after September’s rate rise. The bank’s Monetary Policy Committee said […]

Zimbabwe central bank cuts main lending rate to 35% from 70% -statement

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HARARE, Nov 18 (Reuters) – Zimbabwe’s central bank cut its main lending rate to 35% from 70% effective Wednesday after a meeting of the monetary policy committee, which said the inflation outlook was positive despite a recent spike in prices. The month-on-month inflation rate soared to a four-month high of 38.75% in October from 17.7% […]