Business

Mine Entra set for November

THE 26th edition of the annual Mining, Engineering and Transport (Mine Entra) exhibition has been slated for November at the Zimbabwe International Trade Fair (ZITF) in Bulawayo. The exhibition will be held under the theme “Accelerating Economic Transformation through Mineral Beneficiation”, from November 1 to 3 this year. In a statement yesterday, ZITF chief executive…

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EcoCash US$ wallet creates convenience

ECOCASH, Zimbabwe’s leading mobile financial services platform, has removed the challenge of the shortage of change in retail outlets across the country with the introduction of its US$ wallet merchant payment system. This follows the wide acceptance and usage of the EcoCash US$ wallet in major retail outlets across the country, which allows shoppers to…

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Potraz records 11,6pc increase in Internet usage

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says it has recorded an 11,6 percent increase in Internet and data usage owing to the rise in citizens resorting to e-learning and remote working. In his sector performance report released yesterday, Potraz director general Gift Machengete said Internet usage increased after the outbreak of the…

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Mbeki to address Zim business leaders

FORMER South African President Thabo Mbeki will be among keynote speakers at the 2023 CEO Africa Annual Roundtable to be held in Victoria Falls next month to be attended by chief executive officers, senior management officials, fund managers and heads of academic institutions. The conference, to be officially opened by President Emmerson Mnangagwa, would also…

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Arda—DRC to boost agriculture productivity

THE Agricultural Rural Development Authority (Arda) says they are partnering with the Democratic Republic of Congo (DRC) in horticulture and animal husbandry sectors. This comes as the DRC delegation participated at this year’s Zimbabwe Agricultural Show where they were linking up with the local business fraternity in a bid to promote cooperation between the two…

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Man allegedly works with Zinara employee cover up crime

A HARARE-based vehicle dealer reportedly recruited a Zimbabwe National Road Administration (Zinara) employee to hack into its database in order to conceal his illicit behaviour. Oneraipo Matiyenga, 38, who stands accused of obstructing the course of justice, was arraigned before Harare Magistrate Marehwanazvo Gofa. He was released on free bail and remanded to October 25…

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Stanbic posts 572pc growth in profit

STANBIC Bank has posted an inflation adjusted profit after tax of $373 billion for the six months ended June 30 2023, growing from $56 billion recorded in the prior period. In a statement accompanying the results, Stanbic Bank chairman Gregory Sebborn attributed the growth in profit for the period largely to the increase in foreign…

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Econet exhibition stand shines at Zas

THE Zimbabwe Agricultural Show (Zas) this week got into full swing, with Econet Wireless Zimbabwe’s exhibition stand quickly grabbing the limelight with its eye-catching design and an array of products and innovative services on display. The leading telecommunications and technology company’s stand, located at the centre of the exhibition grounds, has a unique design that…

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Zimcodd commends government over inflation decline

THE Zimbabwe Coalition on Debt and Development (Zimcodd) has commended the government for putting in place measures that have seen a marked decline in inflation and prices stability over the last few months. In a statement yesterday, Zimcodd said the policies needed to be supported by strong political and economic reforms in order for inflation…

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Econet, EcoCash Holdings set new ESG reporting record

ECONET Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have become the first companies in the country to obtain independent assurance on their environmental, social, and governance (ESG) information. ESG reporting is the process of disclosing information about an organisation’s environmental, social, and governance performance. This information can include data on greenhouse gas emissions, water usage,…

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