Business

FINANCIAL services giant Old Mutual Zimbabwe Limited has launched its fintech business, Old Mutual Digital Services (Private) Limited (OMDS), a subsidiary that will provide mobile money services, insurtech, investech, digital lending, e-commerce, payments and digital products and services for the retail mass market. The company is wholly-owned by Old Mutual Zimbabwe Limited (OMZIL) and has…

THE Zimbabwe Anti-Corruption Commission (Zacc) says 60 of the 71 local authorities that were recently criticised for not implementing recommendations by the auditor general after they were found to be disregarding good corporate governance procedures have now complied. This comes as Auditor-General Mildred Chiri has lamented the lack of transparency and accountability in local authorities,…

THE government is working with agricultural research organisations to encourage smallholder farmers to adopt natural means to control the fall armyworm as pesticides are both costly and detrimental to the environment. This comes amid estimates that show that Zimbabwe and 11 other maize-producing countries in sub-Saharan Africa could lose up to 17, 7 million tonnes…

MASHONALAND Holdings Limited is now a subsidiary of the ZB Financial Holdings effective December 2022 after the group acquired additional equity interest in the listed property firm to achieve a shareholding of 50.58 percent. Last year, ZBFH acquired 40.59 percent shareholding in Mash Holding, obligating the financial services group to make a mandatory offer to…

ZIMBABWE will on Wednesday host the inaugural Diaspora Investment Conference under the theme “Spotlight Zimbabwe” in Bulawayo as the country moves to lure more foreign investors. The investment conference would be held on the sidelines of the Zimbabwe International Trade Fair (ZITF), which kicks off in the second capital this Tuesday and runs until next…

THE combined value of companies traded on Zimbabwe’s alternative, dollar-only stock market has soared 75 percent this year as investors take shelter from the rapid depreciation of the local currency. The market capitalisation of the Victoria Falls Exchange (VFEX) has climbed to almost US$1 billion, according to FBC Securities, a brokerage based in the capital,…

THE telecommunications sector last year saw growth in both mobile phone and fixed telephone subscriptions, Internet, data and voice tariffs usage, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says. In its 2022 annual sector performance report published yesterday, the regulatory authority said it had noted an increase of over 14 million mobile phone…