Mobile network operators record 36% revenue jump
ZIMBABWE’S mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, the industry regulator has reported....
View ArticleTelOne, NetOne to Be Privatised
By Felex Share Government has intensified efforts to partially privatise telecommunication companies Telone and NetOne and is offering the two entities to potential investors as a joint package....
View ArticleOneMoney records 33pc growth
Africa Moyo Senior Business Reporter STATE-OWNED mobile communications firm, NetOne, recorded the biggest growth rate of 32,7 percent on its mobile money platform, OneMoney in the fourth quarter of...
View ArticleEmployers salute MPS
Africa Moyo in KARIBA Employers have saluted the bulk of measures contained in the 2019 Monetary Policy Statement, particularly the establishment of an interbank foreign currency market and the review...
View ArticleOil prices slip
Oil held near a four-month high as a stronger dollar capped a rally spurred by a bigger-than-expected drain from US stockpiles. Futures were little changed in New York, after having climbed above $60...
View ArticleGold steady
Gold prices are holding on to recent gains, seeing little reaction to positive economic data, following stronger than expected sentiment with in the Philadelphia manufacturing sector, according to the...
View ArticleZimbabwe on positive trajectory
Today is World Water Day. It is a day set aside by the United Nations in 1992 following the landmark United Nations Conference of the Environments and Development in Rio de Janeiro, Brazil. The day...
View ArticleSable Chemicals projects 70% jump in AN production
ZIMBABWE’S sole ammonium nitrate (AN) fertilizer producer, Sable Chemicals, is projecting a production increase of AN fertilizer this year by as much as 70%, up from the 39 000 metric tonnes produced...
View ArticleSmall-scale miners bemoan excessive fuel import fees
Small-scale miners say fuel import fees charged by the Zimbabwe Energy Regulatory Authority (Zera) are excessively high and prohibitive. Government recently liberalised the importation of fuel by big...
View ArticleDairibord doubles profits in 2018FY
BY MISHMA CHAKANYUKA Dairibord Holdings’ after tax profit increased more than two-fold to $6,48 million from $1,94 million in the full year ended December 31, 2018, driven by an increase in revenue....
View ArticleCable Thieves Electrocuted
By Blessings Chidakwa in Kadoma TWO suspected thieves electrocuted, while their colleague was seriously injured on Monday morning in Chegutu while tampering with ZESA cables. The incident occurred in...
View ArticleCable Thieves Electrocuted
By Blessings Chidakwa in Kadoma TWO suspected thieves electrocuted, while their colleague was seriously injured on Monday morning in Chegutu while tampering with ZESA cables. The incident occurred in...
View ArticleChivayo Acquitted of U.S.$5.6m ZPC Fraud
By Fidelis Munyoro Harare businessman Wicknell Chivayo has been acquitted of a $5,6 million fraud charge in a botched Zimbabwe Power Company (ZPC) solar project deal after the High Court ruled that...
View ArticleGovt Blocks US$1bn Pipeline Project
By Nyasha Chingono The Ministry of Energy has blocked a plan by South African-owned Mining, Oil and Gas Services Company (MOGS) to construct a US$1 billion 550-kilometre fuel pipeline from Beira to...
View ArticlePower Shortage Looms As Kariba Dam Dries Up Due to Drought
The Zambezi River Authority (ZRA), which manages the Kariba Dam on behalf of Zimbabwe and its northern neighbour Zambia, has warned of a serious electricity crisis as water levels in the man-made lake...
View ArticleU.S.$50 Million AfDB Loans for Private Sector
By Tinashe Kairiza THE African Development Bank (AfDB) says it will inject US$50 million in loans into Zimbabwe’s private sector this year, although the country is yet to settle its US$600 million...
View ArticleED Launches Cattle Breeding, Restocking Programme
By Walter Nyamukondiwa President Mnangagwa has launched the national cattle breeding and restocking programme at the Chinhoyi University of Technology. The programme is being spearheaded by the...
View ArticleNew miners’ body formed
Ishemunyoro Chingwere Business Reporter Artisanal and small-scale miners have disbanded their representative body, the Zimbabwe Miners Federation (ZMF) and formed a new body, the Zimbabwe Artisanal...
View ArticleZimra reviews SMEs taxation
Thupeyo Muleya and Enacy Mapakame in Mutare The Zimbabwe Revenue Authority (Zimra) has started reviewing the country’s tax system to accommodate small to medium businesses as it angles to boost the...
View ArticleZFPA to hold fish farming indaba
As Zimbabwe sets out to develop a fully-fledged fish farming industry, a number of initiatives can be adopted to grow the vast aquaculture potential of the country. Zimbabwe already boasts the largest...
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