Business

THE national trade development and promotion organisation, ZimTrade, says it is facilitating more economic trade with the Democratic Republic of Congo (DRC). Currently, Zimbabwe is exporting goods to the DRC worth US$60 million annually. Speaking to the media yesterday at a DRC-Zimbabwe business meeting at the ongoing Zimbabwe Agricultural Show (Zas), Zimtrade chief executive Allan…

TURNALL Holdings says it has raised the equivalent of US$8 million from existing shareholders for expansion programmes. As a result of the rights issue, which closed on August 16, 2023, the company listed 3 809 017 129 new shares on the Zimbabwe Stock Exchange this Monday. In a statement this week, the building and construction…

THE Bulawayo City Council (BCC) on Friday signed a memorandum of understanding (MoU) with the Squash Rackets Association as part of an initiative to promote sports tourism in the city. Speaking during the launch, Bulawayo mayor Solomon Mguni said the move would have a positive impact on the city. “Sports play an important role in…

LEADING insurer Moovah says it is now accepting payments of premiums in US dollars to afford its customers and clients greater convenience as the use of the currency becomes more widespread. Moovah, which offers motor vehicles, home and travel insurance, is already one of the most convenient insurers because it offers mobile phone-based insurance. “We…

THE shareholders of Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have approved resolutions allowing the companies to raise US$30.3 million each, to redeem shareholder debt (debentures) extended five years ago to service loans and fund the company’s expansion. The resolutions were passed at extraordinary general meetings (EGMs) held separately on Monday, and were passed…

IN a bold move aimed at enhancing customer experience, Econet has added a new feature on its YoMix mobile application that allows subscribers to buy airtime in United States dollars. The new feature is available to all Econet customers registered on YoMix. YoMix is a feature-rich application from Econet that offers a comprehensive range of…

NMBZ Holdings has launched yet another subsidiary, XPlug Solutions, an innovative technology company. The launch event was delivered in the form of a tech fair with product stalls offering interactive experiences of the products and services offered by XPlug. The launch brought to three the number of verticals that NMBZ has set up in less…

A LOCAL financial institution, First Capital Bank, has added another branch to its existing network following the official opening of the Highfields Service Centre, Harare, at a colourful ceremony in the capital at the weekend. First Capital Bank has been extending its footprint in the local financial services sector since its entry into the Zimbabwean…

THE government has released funds towards the operationalisation of three gold centres in the country’s three provinces. The gold centres are located at Makaha in Mashonaland East Province, Mukaradzi in Masho[1]naland Central Province and Penhalonga in Manicaland Province. A gold service centre is a one stop shop that offers technical services to miners, access to…