NetOne swings to profitability
Enacy Mapakame Business Reporter State-owned mobile network operator NetOne swung to profitability in the eight months to August 31, 2018, as profit rose 105 percent to $1,3 million from a loss of $26...
View ArticleDIDG ropes in Diasporans to harness funds
Africa Moyo Senior Business Reporter The Diaspora Infrastructure Development Group (DIDG), which won the tender to recapitalise the National Railways of Zimbabwe (NRZ) to the tune of $400 million, is...
View ArticlePrice hikes seasonal: CZI
Golden Sibanda Senior Business Reporter Zimbabwe’s two major business member groups say price increases witnessed recently across a range of basic goods are largely seasonal but other increases for...
View ArticleIMF Offers to Help Govt Clear Arrears
By Hebert Zharare and Martin Kadzere The International Monetary Fund (IMF) yesterday said it was ready to help Zimbabwe craft a debt clearance strategy anchored on fundamental economic reforms. This...
View ArticleIndustry – Zim Has Too Many State Universities – Most Add No Value to the...
Victoria Falls — Captains of industry have urged the government to cut on the number of state universities, saying some of them are adding no value to the economy. Industry representatives who attended...
View ArticleOld Mutual Joins Cholera Fight
Old Mutual Zimbabwe, one of the largest financial services companies in the country, has availed $400 000 towards the fight against cholera. Speaking after presenting the cheque to President Mnangagwa...
View ArticleAsylum Seekers Say Officials Keep Their Passports Until They Buy Tickets to...
By Ray Mwareya Rejected asylum seekers have accused Home Affairs officials at the Desmond Tutu Refugee Centre at Marabastad, Pretoria, of refusing to return their passports unless they show a...
View ArticleNetOne Swings to Profitability
By Enacy Mapakame State-owned mobile network operator NetOne swung to profitability in the eight months to August 31, 2018, as profit rose 105 percent to $1,3 million from a loss of $26 million in the...
View ArticleCurrency Reform Answer to Economic Woes
By Bongani Ngwenya THE success of the new Government’s effort to transform the country’s economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of...
View ArticleSDA to construct $4m community centre
Michael Tome Business Reporter Adventist Services Industry (North Zimbabwe Conference) plans to build a $3,9 million office and community centre in Sandton Park, Mount Hampden. The centre will house...
View ArticleBitumen World extends helping hand to Harare
Golden Sibanda Bitumen World says it has undertaken additional works to improve environmental aesthetics around the traffic circle at the intersection of Harare Road, Gaydon Road and Rolf Avenue at no...
View ArticleProperty sector struggles with high rent defaults
Property Reporter The country’s property market in the first half of the year was characterised by high rent default levels and also low absorption rates of rental space, despite the improving general...
View ArticlePre-owned car imports surge 40pc
Beitbridge Bureau The Zimbabwe Revenue Authority (Zimra) has recorded a 40,9 percent increase in imports of pre-owned vehicles at Beitbridge border post in the last eight months, it has emerged....
View ArticleOil hit 4-year high
LONDON. – Oil prices jumped more than 2 percent to a four-year high yesterday after Opec declined to announce an immediate increase in production despite calls by US President Donald Trump for action...
View ArticleZB in talks for $30m line of credit
ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions. BY...
View ArticleZim courts US investors
Golden Sibanda and Michael Tome President Mnangagwa says foreign direct investment will play a key role in Zimbabwe’s quest for middle income status by 2030 and Harare will accelerate the pace of its...
View ArticleTours planned to revive business relations with US
Local think-tank, CEO Africa Round Table, says it will be touring the United States to revive company-to-company business relations with the world’s largest economy. BY KUDZAI MUCHENJEKWA The US...
View ArticleEntrepreneurial participation of youths key to sustainable tourism
patron of the Zimbabwe Youth in Tourism, First Lady Auxilia Mnangagwa, has called for the greater entrepreneurial participation of youths and women in the tourism sector to drive its growth. BY...
View ArticleQ2 egg production tumbles 12%
ZIMBABWE’S egg production tumbled by 12% to nine million eggs in the second quarter of 2018 as output by large-scale producers fell, according to a second quarter performance report by the Zimbabwe...
View ArticleFuneral assurers breach regulations
Golden Sibanda Senior Business Reporter Most funeral assurance firms are in breach of regulatory requirements on prescribed asset investments as it emerged compliance with provisions of the law stands...
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