‘Zim’s financial inclusion bearing fruit’
Kudakwashe Mhundwa and Michael Tome Business Reporters ACCESS to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which...
View ArticleVarun Beverages Gets Sez Status
Beverages manufacturer, Varun Beverages, has been declared a special economic zone, as Government seeks to incentivise the firm that is reportedly planning to put up a new $23 million plant. Varun...
View ArticleStanbic Unveils U.S.$41 000 for Murehwa Bridge
Stanbic Bank Zimbabwe has availed $41 000 towards the construction of Shavanhowe Bridge in Murehwa, 90km north east of Harare. This adds to the financial institution’s list of high-impact community...
View ArticleMuradzikwa quits Nicoz Diamond
Equity Axis Distinguished insurance executive, Grace Muradzikwa is stepping down from NicozDiamond, Zimbabwe’s largest short-term insurer after 30 years with the company. Muradzikwa had been managing...
View ArticleEconet ‘housekeeping’ trades spur ZSE
BY FIDELITY MHLANGA THE Zimbabwe Stock Exchange (ZSE) on Tuesday recorded one of its biggest trades in the post-dollarisation era dominated by trades in Econet and Cassava, valued at a record $222,46...
View ArticleForeign currency reconciled on RTGS
Tawanda Musarurwa Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the...
View ArticleJapan eyes Zim investment opportunities
Enacy Mapakame Business Reporter Japanese companies have expressed keen interest in investing in Zimbabwe saying there is renewed impetus for business and economic growth. This comes as the Japanese...
View ArticleConsumer Protection Bill to Be Reactivated
The Consumer Protection Bill that has been on the cards for nearly a decade, is set to be reactivated in the second quarter of this year, as the proposed law is expected to be presented during the...
View ArticleCabinet Okays ZMDC unbundling
Ishemunyoro Chingwere Business Reporter Cabinet on Tuesday approved the unbundling of State mining arm — the Zimbabwe Mining Development Corporation (ZMDC) — into four mineral specific units as...
View ArticleSAZ aligns local standards with continent
Africa Moyo Senior Business Reporter The Standards Association of Zimbabwe (SAZ) is working on aligning local standards with those of the rest of the continent ahead of the coming into being of the...
View ArticleIPEC to announce compensation framework
Kudakwashe Mhundwa Business Reporter Insurance and pensions regulator, IPEC, is soon expected to announce a compensation framework to policy holders whose claims were eroded during the conversion of...
View Article‘Zim’s Financial Inclusion Bearing Fruit’
Access to financial products for Zimbabwe’s marginalised groups has significantly improved, as the country’s Financial Inclusion Strategy which was introduced in 2016 has begun to bear fruit, a senior...
View ArticleNetOne Mum On Dynamos
NETONE, who were the principal sponsors of Dynamos last year, have said they will not comment on reports that their partnership with the Glamour Boys is now on the rocks. DeMbare were one of the Big...
View ArticleSA rand gains
South Africa’s rand rebounded yesterday as traders bet that a budget released the day before would persuade ratings agency Moody’s not to downgrade the country’s debt to “junk” status next month....
View ArticleNetone, ZRP Sign MOU
Zimbabwe’s second-largest mobile network provider NetOne, yesterday donated four motorcycles, reflective jackets and rain suits to the Zimbabwe Republic Police (ZRP) Traffic Section for use while...
View ArticleBanking sector stable, but assets quality deteriorates
BY MISHMA CHAKANYUKA ZIMBABWE’S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the...
View ArticleProcessed transactions value surge 62% to $151,75bn
BY FIDELITY MHLANGA Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by...
View ArticleVillagers Partner Ddf in Road Project
VILLAGERS in Marange have partnered the District Development Fund (DDF) to finance the completion of a 9,8km road that connects Bambazonke Business Centre and Bernhiwa Primary School. The construction...
View ArticleUS$ remains the base currency for trading: Zimcodd
BY MTHANDAZO NYONI THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer...
View ArticleMeikles swindled $1,7 million
BY CHARLES LAITON LISTED conglomerate Meikles Limited has approached the High Court seeking an order compelling a local firm, Wide Free Investments (Pvt) Ltd T/A Core Solutions, to reimburse it over...
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