ECONET Wireless Zimbabwe, the country’s largest mobile network operator, says the current low tariffs are affecting its capital expenditure. In a trading update for the quarter ended May 31 2023, Econet said the last tariff review for the sector was carried out in April when the interbank rate was $1 000.02 to US$1, which in…
LEADING financial services institution, Stanbic Bank, has developed a deceased estate chatbot that can be accessed via WhatsApp and on the Stanbic Bank website in its quest to support the surviving family members of deceased clients. The Chatbot was carefully designed to provide information on frequently asked questions regarding the handling of deceased estates.Stanbic Bank…
AN arm of the Reserve Bank of Zimbabwe (RBZ), the Financial Intelligence Unit (FIU), has called on the government to establish a regulatory authority that investigates and takes necessary measures against unscrupulous businesses accused of sabotaging the economy. Addressing delegates in Harare yesterday at a conference on the risk of cyber fraud and money laundering,…
ECONET Wireless has formally launched an ambitious campaign to deploy and upgrade up to 1 000 base stations across the country over the next 12 months, as part of its 25th anniversary celebrations. The listed telecommunications and technology company, the largest fi rm in its industry category, celebrated its 25th anniversary last week with spectacular…
ZIMPLOW Holdings Limited (Zimplow) has migrated to the United States dollar-denominated Victoria Falls Stock Exchange (VFEX), becoming the sixth counter to cross the divide to the lucrative bourse this year. The mining and agricultural equipment manufacturer followed through its plan to delist from the Zimbabwe Stock Exchange (ZSE) and have the company shares removed…
A DIRECTOR of a Harare-based land development company, who is believed to have duped a woman into selling her flat before giving him the money for the construction of a house, has appeared in court facing US$29 000 in fraud charges. Blessing Boka, the owner of Charible Enterprises, was arraigned before magistrate Munashe Chibanda last…
THE government is now withdrawing operating licences for businesses that are charging their goods and services above the official exchange rate as they are guilty of money laundering, an official has said. Addressing the media yesterday, Finance secretary George Guvamatanga said the economic challenges the country has been experiencing in the past two months were…
NATIONAL Foods Private Limited has extended its corporate social responsibility to vulnerable groups in the society. As part of the initiative, the company yesterday donated groceries to Queen Elizabeth Adventist home, Ekuphumuleni Geriatric Nursing, Isaiah Children’s Home and Jairos Jiri. Speaking during the handover, NFL group human resources executive Alice Pawarikanda said it was their…
THE financials submitted to the JSE-listed and debt-laden Nampak by its Zimbabwean unit, which has forecast persistent economic and monetary challenges ahead…
ECONET Wireless Zimbabwe yesterday turned 25 amid a silver jubilee celebration campaign themed ‘Halo 25, Building Memories Together’, which it launched to commemorate 25 years since it started operations in the country. Econet Wireless, now the largest telecommunications and technology company in the country, launched its mobile network on July 10, 1998 and was subsequently…
