HARARE – Zimbabwe’s largest telecommunication’s company by subscriber and asset base, Econet Wireless, has declared a dividend of $50 million in the nine months to November 2017. This was after the group yesterday announced a dividend of 0,9379 US cents per share for the third quarter ended November 30, 2017, bringing the total dividend to…
HARARE – Microfinance institution, GetBucks, said it has recorded a net profit of $2,58 million for the six months ended December 2017, showing a 51 percent increase from last year. GetBucks chairperson Glovah Madzima said the above market expectation result was achieved through increased interest income of $4,96 million from $4,38 million in the prior…
HARARE – ICT minister Supa Mandiwanzira’s recent ultimatum to the country’s mobile network operators to find a way to make all their mobile money platforms work together raises more questions than answers. Interoperability is still in its nascent stages in Africa and it is believed that when implemented it is a catalyst for growth in…
HARARE – Zimbabwe’s insurance sector is set for a rebound following rising investor confidence in the country after the inauguration of a new government late last year, market experts have said. The southern African country is currently enjoying a breath of fresh air following the ascendency of President Emmerson Mnangagwa — who is generally viewed…
HARARE – The Diaspora Infrastructure Development Group (DIDG), which won the $400 million National Railways of Zimbabwe (NRZ) recapitalisation tender jointly with Africa’s largest rail company, Transnet, is mulling investing in various sectors of the economy. DIDG chairperson Donovan Chimhandamba said the delivery of railway equipment last week to NRZ was “just the beginning” as…
HARARE – In spite of claims by President Emmerson Mnangagwa that his first 100 days in office have been successful, analysts are not convinced, citing the plight of the long-suffering majority of Zimbabweans which has remained unchanged. Read full story in today’s paper. [Adz]
