TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 October 2019

FINANCIAL SERVICES

Agribank workers seek US$-indexed salaries

AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation.Agitated workers at the banking institution have rejected a recent...

By Staff reporter | Published: 07 October 2019

INDUSTRIALS & ENERGY

Padenga in bid to improve crocodile skins quality

STOCK exchange-listed, Padenga Holdings Limited says it has invested in a research laboratory with aims to improve the crocodile skins quality as the company seeks to maintain and grow its hold on the...

By Staff reporter | Published: 07 October 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

TRANSPORT & TOURISM

Air Zimbabwe acquires new Boeing 777 planes

STRUGGLING national airline, Air Zimbabwe, will take delivery of two new Boeing 777 planes before the end of the year, Transport minister Biggie Matiza has said.Speaking to journalists in Harare yeste...

By Staff reporter | Published: 06 October 2019

TELECOMS & TECHNOLOGY

Zimbabweans dump internet bundles

INTERNET data bundles and voice call purchases have experienced a sharp decline as cash-strapped Zimbabweans now opt for the cheaper short message service (SMS), Postal and Telecommunications Regulato...

By Staff reporter | Published: 06 October 2019

INDUSTRIALS & ENERGY

Cottco completes ZAMCO loan repayment

The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...

By Staff reporter | Published: 06 October 2019

TELECOMS & TECHNOLOGY

NetOne's back-to-basics strategy pays off

NETONE CEO Lazarus Muchenje believes the state-owned mobile phone operator is on the road to recovery because of a back-to-basics strategy.Muchenje (LM) told Alpha Media Holdings chairman Trevor Ncube...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

ZCDC targets 6,12m carats production in 2020

The state-controlled Zimbabwe Consolidated Diamond Company (ZCDC) says it expects to double its diamond production to 6,12 million carats next year up from the 3,1 million carats projected for 2019.At...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Zimplats records slump in production

Zimbabwe's largest platinum producer Zimplats recorded a 36,1% slump in production volumes to 415,72kg in August as rising inflation, coupled with power cuts and foreign currency shortages, took a tol...

By Staff reporter | Published: 06 October 2019

INDUSTRIALS & ENERGY

Foreign currency shortages derail Paramount Garments

LEADING textile firm, Paramount Garments' exports have dropped by 14 percent while prospects of growing its Bulawayo clothing manufacturing unit, Archer Clothing Manufacturers are in limbo due to adve...

By Staff reporter | Published: 06 October 2019

LANDS & AGRICULTURE

Consortium provides feed and water for Matabeleland South cattle

A group of non-governmental organisations have initiated a programme called Sizimele in Matabeleland South aimed at providing survival stock feed and drilling boreholes pumped by solar to save livesto...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Zimbabwe starts repossessing idle mines

THE Government has started implementing the "use it or lose it" policy, which will see thousands of individuals or companies having their mining rights taken away for holding onto them for speculative...

By Staff reporter | Published: 06 October 2019

LANDS & AGRICULTURE

Agric preps begin

Government will start moving agricultural inputs for Command Agriculture to several parts of the country this week as it pushes farmers to plant early to maximise on imminent rains.Logistical arrangem...

By Staff reporter | Published: 06 October 2019

INDUSTRIALS & ENERGY

Zesa to review power tariffs monthly

Zimbabwe Electricity Supply Authority (ZESA) holdings acting group chief executive officer, Engineer Patrick Chivaura says electricity tariffs will be now reviewed monthly at inter-bank market rates a...

By Staff reporter | Published: 05 October 2019

CONSTRUCTION & PROPERTY

Sawanga Shopping Mall space uptake 95%

ZIMRE Property Investments (ZPI) says about 95 percent of space at its Sawanga Shopping Mall in Victoria Falls has been taken up due to the growing confidence in the upmarket project.ZPI completed the...

By Staff reporter | Published: 05 October 2019

INDUSTRIALS & ENERGY

Lafarge Zimbabwe defies economic challenges

ZIMBABWE Stock Exchange listed cement producer, Lafarge Zimbabwe Limited, swung to profitability in the six months to June this year against a loss in the prior comparative period thanks to good volum...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

'Bureaus not allowed to transact with corporates'

Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

Morgan & Co launches research app

Morgan & Co, a securities firm yesterday launched a research app that offers interaction between the capital markets and investors.The Morgan & Co Research App is meant to simplify the investm...

By Staff reporter | Published: 05 October 2019

TELECOMS & TECHNOLOGY

Zimbabwean mobile operators enhance security at base stations

Zimbabwean operators have tightened security at their base stations amid rising numbers of cases of theft, vandalism, robberies and assaults on personnel at the sites, 263Chat reported. Mobile network...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

BNC disposes majority stake

AN unnamed local investor has snapped up majority shareholding amounting to 74,73 percent at Bindura Nickel Corporation (BNC) through a sale and purchase agreement. BNC company secretary, Mr Muchadeyi...

By Staff reporter | Published: 04 October 2019

FINANCIAL SERVICES

RBZ floats $300m additional TBs

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...

By Staff reporter | Published: 04 October 2019

LANDS & AGRICULTURE

Cassava launches Vaya tractor services

Zimbabwe Stock Exchange-listed entity Cassava Smartech has once again, in its series of platforms, launched the Vaya tractor services to add to its Eco-farmer portfolio. The service was officially lau...

By Staff reporter | Published: 04 October 2019

INDUSTRIALS & ENERGY

Another Zesa tariff hike looms

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has applied to the Zimbabwe Energy Regulatory Authority (Zera) seeking another adjustment of electricity tariffs, saying the curr...

By Staff reporter | Published: 04 October 2019

INDUSTRIALS & ENERGY

Petrotrade declares $1.5 million dividend

Government-owned oil company, Petrotrade declared a $1.56 million dividend at the end of its 2018 financial year after managing to improve its profitability during the period, the company said on Thur...

By New Ziana | Published: 04 October 2019
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