Business

ECOCASH Holdings Zimbabwe Limited (EHZL), the country’s leading digital and fintech group has, in its financial results for the half year ended August 31, 2023, recorded a 40% jump in revenues to ZW$218 billion, driven by product innovation and growth in US dollar sales. The group attributed the growth to strong performance across all its…

AIR Zimbabwe has appointed Edmund Makona as the new chief executive officer, with effect from November 1, 2023. In a statement yesterday, Air Zimbabwe said Makona is going to serve an effective five-year term and is expected to turnaround the fortunes of the national airline. “Makona has been appointed in terms of Section 14 (4)…

THE AFC Insurance Company has introduced a short-term insurance scheme for farmers in a bid to transform the country’s agricultural sector through provision of climate-proofing solutions across the agricultural value chain. This comes amid concerns that agricultural insurance penetration in the country remains low, exposing farmers to climate change risks among other dangers and making…

ECONET Wireless Zimbabwe has launched ‘EcoChat AI’, an artificial intelligence-powered chatbot that will off er customers instant and convenient access to a wealth of knowledge and information. EcoChat AI will be available on a United States dollars menu from any type of mobile phone. This means it would be available to every Econet customer across…

THE National Railways of Zimbabwe (NRZ) says it has cleared its over $5 billion debt owed to pensioners which had ballooned over the past decade. According to the State-owned rail company, the arrears had accumulated over the years due to “meticulous computation of monthly pensions, considering the pensioners’ career details, salary structures and applicable increments”….

AS PART of its power generation strategy to counter prolonged power outages, Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has encouraged businesses to invest in renewable energy. This comes after mining companies at the just-ended Mine Entra expo expressed concern over ongoing electricity outages, which they said had seriously affected their daily operations.Speaking during a…

AUTHORITIES have urged small-and-medium enterprises (SMEs) to come up with innovative strategies and also embrace digital technologies to survive in the highly competitive global business arena. In a speech read on her behalf by the deputy director in the ministry of Small and Medium Enterprises Development, Mavhura Mabika, minister Monica Mutsvangwa, said the government appreciated…

STEWARD Bank, a banking unit of EcoCash Holdings Zimbabwe Limited, reported a 350 percent increase in its half-year profits on Thursday, driven by its strong digital strategy and focus on serving low-income earners. For the six months ended August 31 2023, Zimbabwe’s largest bank by depositors recorded a $89 billion profit after tax, compared to…

THE Chamber of Mines Zimbabwe has implored the government and other relevant stakeholders to reduce the cost of mining in order to ensure the smooth operation of mining in the country while also maximising on output. Speaking to the Daily News on the sidelines of the Mine Entra in Bulawayo on Wednesday, president of Chamber…