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  • Recapitalisation of Lancashire Steel

    Recapitalisation of Lancashire Steel

    Industry and Commerce Minister Mike Bimha said government is working with the Reserve Bank of Zimbabwe to recapitalise Lancashire Steel to revive its operations. Minister Bimha told ZiFM Stereo News that Lancashire Steel will be importing raw materials from South Africa. He said the operationalisation of Lancashire Steel will enable government to pay off some

  • Chinamsa calls for the establishment a Credit Reference Bureau

    Chinamsa calls for the establishment a Credit Reference Bureau

    Finance and Economic Development Minister Patrick Chinamasa said banks will soon be sharing information of their clients through the establishment of the Credit Reference Bureau. Minister Chinamasa said some people are in the habit of accessing loans from banks and failing to pay then move on to another bank to do the same. Banks have

  • Government cracks whip on Farmers World

    Government cracks whip on Farmers World

    Government has instituted a debt recovery plan against private firm, Farmers World, which owed the China Exim Bank close to $23million. The government had to repay the loan on behalf of the firm in order to maintain relations with the Chinese. The revelations were made by the minister of Finance and Economic Development, Patrick Chinamasa