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TELECOMS & TECHNOLOGY

Jobs on standby as Kwese awaits licence

As debate rages on whether Kwese TV will be licensed in the country if given the green light, Econet Media's offering could unlock thousands of new jobs for satellite installers in the country.Through...

By Staff reporter | Published: 03 September 2017

ZIMBABWE

Zim economy rebound pie in the sky

ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking about an ec...

By Staff reporter | Published: 03 September 2017

BUSINESS NEWS

Zimbabwe establish Investment Portfolio Fund

A Zimbabwe Investment Portfolio Fund was established with effect from today, Friday the 1st of September to facilitate an easy repatriation of funds by foreign investors on the Zimbabwe Stock Exchange...

By Staff reporter | Published: 01 September 2017

ZSE TODAY

Market Commentary 01 September 2017

INDUSTRIALSThe Industrial Index soared by a further 2.97 points (1.26%) to close the week at 238.00 points on the back of improved trading activity. Insurance giant OLD MUTUAL (OML.zw) was up by $0.15...

By zse | Published: 01 September 2017

AFRICA NEWS

Namibia freezes nursing posts for Zimbabweans

THE Namibian government has suspended the recruitment of all foreign nurses, among them Zimbabweans, while the period of extensions of contracts for foreign doctors has been slashed from four to two y...

By Staff reporter | Published: 01 September 2017

POLITICS

Zanu-PF extends begging bowl to ailing firms

ZANU-PF Bulawayo province has extended a begging bowl to the city's struggling companies, its party members and ordinary residents to raise about $50 000 for President Robert Mugabe's upcoming campaig...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

'VAT withholding tax threatens companies'

The Confederation of Zimbabwe Industries (CZI) is calling for removal of the 10 percent VAT withholding tax levied on both manufacturers and distributors arguing it threatens the two sectors' viabilit...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

Schweppes, Govt in fruit trees deal

SCHWEPPES Zimbabwe is engaged in talks with Government over the production of fruit trees destined for the export market.Environment, Water and Climate Minister Oppah Muchinguri- Kashiri, said Governm...

By Staff reporter | Published: 01 September 2017

TELECOMS & TECHNOLOGY

Econet Msasa, Graniteside to be powered by solar

Econet Wireless Zimbabwe's offices in Msasa and Graniteside will be powered by solar energy by year end following the launch of Distributed Power Africa (DPA), a renewable energy-focused subsidiary of...

By Staff reporter | Published: 01 September 2017

INDUSTRIALS & ENERGY

RBZ unveils $10m loan facility for oil producers

THE Reserve Bank of Zimbabwe (RBZ) has unveiled a $10 million loan facility for the capacitation of small scale oil producers.This comes as the apex bank has been making recommendations to increase p...

By Staff reporter | Published: 01 September 2017

FINANCIAL SERVICES

Stanchart profit rises 11%

STANDARD Chartered Bank Zimbabwe (Stanchart) says profit for the half year to June 30, 2017 rose 11 percent to $6,8 million compared to $6,1 million recorded during the same period in the prior year.C...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

Forex bailout for Bulawayo firms

THE ministry of Industry and Commerce is making efforts aimed at prioritising the allocation of foreign currency to Bulawayo companies, so that they can import raw materials for their survival, an off...

By Staff reporter | Published: 01 September 2017

LANDS & AGRICULTURE

Wrangle over Brazil equipment

FARMERS at Villa Franca Farm in Glendale are embroiled in a bitter wrangle over management of machinery and equipment they received under the Brazil More Food for Africa Programme, with the election o...

By Staff reporter | Published: 01 September 2017

TELECOMS & TECHNOLOGY

Zimpapers disputes Kwese links

Zimbabwe Newspapers (1980) has disputed media reports suggesting it renewed interest in partnering with Econet Media's Kwese TV after speculative reports that the latter had been licensed.In a stateme...

By Staff reporter | Published: 01 September 2017

INDUSTRIALS & ENERGY

Electricity tariffs to remain stable this year

The government has ruled out an electricity tariffs hike this year saying any review will, however, be subject to consultations with relevant authorities.Zimbabwe's industry and commerce is currently ...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Bimha pushes Zimplats to record production

Zimbabwe's largest platinum producer, Zimbabwe Platinum Holdings posted a record ore production of 7 million tonnes in FY2017 compared to 6, 6 million tonnes in the previous year.This was on the bac...

By Staff reporter | Published: 31 August 2017

ZIMBABWE

ZSE posts all-time post-dollarisation high

The ZSE's mainstream Industrial Index registered a new all-time high post dollarisation having surpassed 233.18 set on 01 August 2013 to close at 235.03.This was after it added 3.01 points in today's ...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Govt to provide 111 online services

Government will, beginning in September start providing 111 online services under the ZIMCONNECT platform as part of the initiatives to address the Ease of Doing Business Constraints.Chief secretary t...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

IDBZ targets multi-million dollar projects in Zim

The Infrastructure Development Bank of Zimbabwe (IDBZ) says it will start implementation of its multi-million dollar infrastructure development projects across the country in the second half of 2017.T...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Zimplats revenue increase 9%

Zimplats revenue for the year increased by 9% from $471.8 million in FY2016 to $512.5 million despite a 5% decrease in 4E sales volumes from 582 833 ounces to 555 892 ounces. Revenue was supported by ...

By Staff reporter | Published: 31 August 2017

POLITICS

Fraud accused Zinara directors walk free

SENIOR Zimbabwe National Roads Administration (Zinara) executives arrested in June for alleged fraud and criminal abuse of office could walk free after Transport Minister Jorum Gumbo pressured the par...

By Staff reporter | Published: 31 August 2017

ZIMBABWE

ZSE edges closer to all-time high

THE industrial index yesterday maintained its northward trajectory, firming by 1,58 percent to close at 232,02 points after gains in heavyweight counters. The Zimbabwe Stock Exchange (ZSE) is now movi...

By Staff reporter | Published: 31 August 2017

FINANCIAL SERVICES

Zimbabwe's Credit Bureau captures 97% loans

RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya, last week revealed that the Credit Reference Bureau (CRB) has now captured information on about 97 percent of all loans, a move expected to impr...

By Staff reporter | Published: 31 August 2017

FINANCIAL SERVICES

FBC Building Society to expand land bank

FBC Holdings' mortgage unit, FBC Building Society (FBCBS), is in the market for land to replenish its depleted land bank, with a bias towards high density land.Group chief executive officer, John Mush...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

New labour law to stem job losses

A Labour Act Amendment Bill expected to be promulgated into law in the coming quarter could result in a slowdown in retrenchments, deputy minister for Public Service, Labour and Social Welfare, Tapiwa...

By Staff reporter | Published: 31 August 2017

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