TELECOMS & TECHNOLOGY

TelOne suffers liquidity crunch

State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services ren...

BUSINESS NEWS

Zimbabwe central bank increases ZiG liquidity to ZWG2bn

The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and b...

BUSINESS NEWS

Prophet Magaya faces estate liquidation

Prominent cleric and founder of Prophetic Healing and Deliverance (PHD) Ministries, Walter Magaya, is facing the possible liquidation of his estate after allegedly failing to settle a US$420,140 debt ...

BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...

TELECOMS & TECHNOLOGY

Shares in Liquid are like $135m cash, says Mboweni

Econet Wireless Zimbabwe (EZW) CEO Douglas Mboweni has described the company's equity stake in Liquid Telecom Holdings, which is just under 10% as "a US$135 million forex reserve".Speaking about the f...

OPINION

Causes of liquidity crisis and its impact on economy

DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic commodities ...

TELECOMS & TECHNOLOGY

Liquid offers free wi-fi to tertiary institutions under Edu-Zones

LIQUID Telecom Zimbabwe managing director, Wellington Makamure, says the interterrestial high speed optic fibre they are working on will see the creation of communication and learning zones called Edu...

FINANCIAL SERVICES

Capital Bank liquidation in limbo

THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...

BUSINESS NEWS

Zimbabwe's liquidity plague to persist

ZIMBABWE'S biting liquidity challenges are anticipated to persist into the near future before government eventually introduces a local currency, a local equities group has said.Highlighting that gover...

BUSINESS NEWS

RBZ secures $1,19bn worth of liquidity facilities

THE Reserve Bank of Zimbabwe (RBZ) now has $1,19 billion worth of liquidity facilities from various foreign institutions, as it seeks a solution to foreign currency shortages.In a presentation to Parl...

Mnangagwa endorses $5,2bn coal-to-liquid project

PRESIDENT Emmerson Mnangagwa yesterday endorsed a $5,2 billion coal-to-liquid project deal signed between Verify Engineering and South Africa's Nkosikhona Holdings.The joint venture will see a coal to...

LANDS & AGRICULTURE

Tobacco cash flows fail to improve liquidity

Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...

MINING & RETAIL

River Ranch seeks removal from liquidation

RANI Investments LLC, majority shareholder in, Limpopo Mining Resources (Pvt) Limited (LMR), has filed an application with the High Court seeking removal from liquidation due to a change in circumstan...

TELECOMS & TECHNOLOGY

Liquid eyes more cloud services business

LIQUID Telecom has stepped up efforts to sign on more businesses to adopt Microsoft's cloud services following a partnership with the tech giant early last year.Cloud services is cloud computing, that...

TELECOMS & TECHNOLOGY

Liquid Telecoms to raise cash through IPO

Econet Group subsidiary Liquid Telecom has appointed three global banks to begin a process of listing the company on a major European Exchange. Leading publication TMT Finance, which tracks potential ...

INDUSTRIALS & ENERGY

Mnangagwa tackles fuel prices, liquidity

Government is set to introduce a raft of measures to rationalise fuel prices while fighting against cash challenges through ongoing engagements with several countries, Special Advisor to the Presidenc...

TELECOMS & TECHNOLOGY

Liquid Telecom appoints new deputy MD

LIQUID Telecom Zimbabwe has appointed Martin Mushambadope as deputy managing director with effect from March 1, 2018. Prior to his appointment Mushambadope was the company's commercial officer.Mushamb...

BUSINESS NEWS

Tobacco auctions set to improve liquidity situation

THE 2018 tobacco selling season is set to begin on March 21 with all the three tobacco auction floors that operated last year having been licenced.The opening of the crop's marketing season comes as a...

BUSINESS NEWS

'Zimbabwe's liquidity to improve on strong rand'

ZIMBABWE'S balance of payments is anticipated to improve on the back of a strong South African rand and weakening US dollar, as the gap between virtual money and hard cash is set to narrow, a United K...

TELECOMS & TECHNOLOGY

Liquid subsidiary unveils data centres

Leading pan-African telecommunications group Liquid telecom subsidiary African Data Centres, has launched newly expanded data centres facilities in Johannesburg and Cape Town, South Africa. The state ...

MINING & RETAIL

Kingstons liquidation lifted

GOVERNMENT-OWNED stationery retailer Kingstons Holdings could soon face an avalanche of lawsuits and writs of execution after the High Court revoked its provisional liquidation status.Kingstons was pl...

TELECOMS & TECHNOLOGY

Liquid Telecom's big plans for Neotel

Liquid Telecom, the fast-growing pan-African telecommunications operator controlled by Zimbabwean billionaire Strive Masiyiwa, will spend billions of rand expanding newly acquired subsidiary Neotel's ...

TELECOMS & TECHNOLOGY

Liquid Telecoms rapped over back-up systems

Government is investigating Liquid Telecom for not having adequate back-up systems, resulting in an Internet glitch last week, which led to the disruption of social media applications. Information Com...

TELECOMS & TECHNOLOGY

Liquid Zim customers tour company operation

Liquid Telecom Zimbabwe took customers on a tour of its facilities, as it commemorated the customer service and support week.The Customer Service Week ran from October 2 to 6 under the theme, Building...