TELECOMS & TECHNOLOGY

Telecoms firms in revenue decline

ZIMBABWE's telecoms sector has suffered a $37,1 million decline in revenue for the first time ever in the past four years.The latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Pot...

By Staff reporter | Published: 16 July 2019

BUSINESS NEWS

'Mugabe coup announcer' sets record straight on Zimdollar

Government insists that the ban on the use of multiple currencies will remain in place as it seeks to lower the cost of doing business and get the economy functioning again after decades of uncompetit...

By Staff reporter | Published: 11 July 2019

OPINION

Zimbabwe economic crisis a silhouette of the political crisis

The enduring crisis in Zimbabwe presents a conundrum to a lot of people.To the generality of Zimbabweans,whose only desire is the pursuit of a dignified existence, the debilitating liquidity crunch, f...

By Learnmore Zuze | Published: 09 July 2019

BUSINESS NEWS

RBZ seeks international recognition for Zimdollar

The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

UBH records in shambles

THE United Bulawayo Hospitals (UBH)’s records are in shambles, a situation that could lead to loss of important hospital information, records, patient files as well as revenue, the Auditor-General (...

By Staff reporter | Published: 04 July 2019

TELECOMS & TECHNOLOGY

Econet foresees brighter future for Zimbabwe

THE country's largest telecommunications firm, Econet Wireless Zimbabwe, believes that the country will conquer the immediate economic setbacks and attain a brighter future.  Group chairman, Dr J...

By Staff reporter | Published: 03 July 2019

TELECOMS & TECHNOLOGY

Econet swings to $106,4m loss after tax

Econet Wireless Zimbabwe Limited (EWZL) posted a loss after-tax of ZWL$106,4 million in the year ended February 28, 2019, from a profit after-tax of ZWL$132,3 million recorded in 2018 following the un...

By Staff reporter | Published: 02 July 2019

TELECOMS & TECHNOLOGY

TelOne records 125% untaxed profit

FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...

By Staff reporter | Published: 01 July 2019

FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Economists warn against USD-based prices

The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the...

By Staff reporter | Published: 27 June 2019

ZSE TODAY

ZSE continues recovery as Mid-Caps rally

Today the Zimbabwe Stock Exchange continued its moderate recovery as mid-tier stocks rallied to leave the market in the black. Market value was up 0.7% to ZWL $18.2 billion while trades were up 62.7% ...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

'Zimbabwe vulnerable to SA economic shocks'

BUSINESS lobbyists ZimTrade have warned South African dominance of Zimbabwe's international trade deals makes it vulnerable to any shocks its economy might experience.ZimTrade senior official Tatenda ...

By Staff reporter | Published: 20 June 2019

OPINION

Can Zimbabwe develop into knowledge economy?

This week I was engaged in an interesting debate with fellow economists, on how Zimbabwe's economy can enter the 21st century. For a country whose future economic revival, I have suggested in my past ...

By Clive Mphambela | Published: 14 June 2019

BUSINESS NEWS

Production makes the economy, says Mnangagwa

President Mnangagwa said focusing on currency alone will not provide solutions to economic challenges facing the country - imploring Zimbabweans to focus on strategies to boost production. Discourse i...

By eBusiness Weekly | Published: 14 June 2019

EDUCATION

Record number of chartered secretaries graduate

A record number of students graduated as chartered secretaries on Saturday (June 8) at an historic graduation ceremony at which the first students from a joint Great Zimbabwe University and Institute ...

By Staff reporter | Published: 11 June 2019

OPINION

An economy cannot be managed by propaganda

AN economy cannot be managed through propaganda. Back in high school, the term "propaganda"used to tickle us as students of history.The famed Oxford Dictionary defines propaganda as information, espec...

By Learnmore Zuze | Published: 11 June 2019

ZIMBABWE

Economists dismiss Ncube's US$443 million budget surplus

Economists, John Robertson, Persistence Gwanyanya and Prosper Chitambara have dismissed Finance Minister, Mthuli Ncube's budget surplus of US$443 million recorded in the first quarter of 2019 for fail...

By Staff reporter | Published: 11 June 2019

TELECOMS & TECHNOLOGY

Telecoms operators urged to take consumers' grievances seriously

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director-general Gift Machengete has said telecoms operators should take consumers' grievances seriously so that they improve on...

By Staff reporter | Published: 09 June 2019

FINANCIAL SERVICES

CBZ records strong earnings

CBZ Holdings Ltd reported seemingly strong earnings and made it rain for investors but the currency situation did not play in favour of the financial services group.A quick analysis of the December 20...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Mnangagwa's govt clueless on economy

PRESIDENT Emmerson Mnangagwa's administration looks increasingly clueless on how to contain consequences of its disastrous economic policies introduced by Finance minister Mthuli Ncube through the Tra...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

Ecobank doubles full-year income

ECOBANK doubled its full-year earnings to December 2018 thanks to increased investments in fixed income securities, fee and commission income and net foreign exchange income.Interest and similar incom...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

ZiFM to broadcast State of the Economy Report launch

ZiFM Stereo will broadcast live the launch of the quarterly State of the Economy Report produced by the Africa Economic Development Strategies (AEDS) in conjunction with the Daily News.The report will...

By Staff reporter | Published: 02 May 2019

FINANCIAL SERVICES

Ecobank Zimbabwe standout performer among banks in F18

Ecobank Transnational Incorporated (ETI) is targeting a return on equity of over 20% in the short term for its Central, Eastern and Southern African (CESA) banking segment and is overall satisfied wit...

By Staff reporter | Published: 02 May 2019

POLITICS

'Mnangagwa's govt seized with economic crisis'

President Emmerson Mnangagwa yesterday met members of the Presidential Advisory Council (PAC) amid the deteriorating economic situation in the country which has seen prices of basic goods skyrocketing...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Gweru to decommission Gwenoro Dam

Gweru City Council has announced plans to decommission its major supplier, Gwenhoro Dam, by October as the water source is left with only six months' supplies, a senior council official has said.Actin...

By Staff reporter | Published: 01 May 2019
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