HARARE – Econet Wireless Zimbabwe grew its revenue market share to 84.2% in the fourth quarter (Q4) of 2017, up from 81.6% in Q3 of the same year, according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s fourth quarter Postal and Telecommunications Sector Rerformance Report released by the Authority in Harare yesterday. The…
HARARE – President Emmerson Mnangagwa has been named in an ugly court case in which prominent businessman Kudakwashe Tagwirei accuses his former business partner, youthful legislator Justice Mayor Wadyajena, of extortion — following an out-of-court agreement that has since turned sour. Tagwirei is the proprietor of diversified conglomerate Sakunda Holdings which has vast interests in…
HARARE – Britain’s immigration authority has denied a ministerial delegation from Zimbabwe visas to attend a key investment conference in London convened to discuss investment opportunities in the southern African nation, the Daily News can report. Three ministers and a deputy minister were set to be speakers to the Zimdaba London 2018 Conference that opens…
HARARE – In an escalation of demands for improved pay and better working conditions, doctors yesterday announced they were widening their strike until government “plays ball”, further compounding problems for stranded patients at the country’s public hospitals. The announcement comes as senior medical staff have joined junior doctors who have been on strike for the…
HARARE – The top US securities regulator on Tuesday charged local associates of two globally acclaimed audit firms, KPMG and Deloitte & Touche, for conducting audits without proper oversight from the Public Company Accounting Oversight Board (PCAOB) and using unregistered auditors. The Securities and Exchange Commission (SEC) said that the Zimbabwean units of KPMG and…
HARARE – A Parliamentary Portfolio Committee on Transport and Infrastructural Development report indicated this week that the Civil Aviation Authority of Zimbabwe (Caaz) last year signed a $33,7 million agreement with IndraSistemas of Spain for financing, supply and of installation communication, navigation, surveillance and air traffic management systems and rehabilitation for Zimbabwe’s airport infrastructure. Presenting…
HARARE – MBCA Zimbabwe this week changed its name to Nedbank Zimbabwe after the registrar of companies approved the change of its corporate identity as part of efforts to spur growth. The Nedbank Group is the fourth largest bank in South Africa by market share and customer numbers. Nedbank Zimbabwe business manager Wellington Ncube told…
HARARE – President Emmerson Mnangagwa visited a tractor and parts plant on Tuesday to highlight the role of manufacturing in reviving the economy, and followed up on his State of the nation message of strengthening the economy through industrialisation. Case IH distributor Agricon Equipment Zimbabwe received Mnangagwa at its headquarters in Harare for a visit…
HARARE – The National Social Security Authority (Nssa) has intensified efforts to make sure that all firms collecting social security contributions from employees remit them to the State-run pay-as-you-go pension scheme. There have been reports that several firms have been collecting pensions due to Nssa from employees, but have been failing to remit them to…
HARARE – Former president Robert Mugabe is history and now finds voice only in the private media, sulking about this or that. Elsewhere the new President Emmerson Mnangagwa has taken hold and has promptly pronounced that “Zimbabwe is now open for business”. What does this mean for the over 1,4 million families who subsist on…
