Business

‘Subsidise commuter train service’

THE government should subsidise the urban commuter train service to enable the National Railways of Zimbabwe (NRZ) to continue serving the public. NRZ board chairperson Martin Dinha said this in a speech read on his behalf during the recent launch of the third edition of the NRZ National Safety Week, which is also commemorated by…

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Zimparks taken to court over game park lease

ZIMBABWE National Parks and Wildlife Management Authority (Zimparks) is embroiled in a legal battle with a safari game park company renting its world heritage site for allegedly sabotaging its business. The wildlife authority stands accused of barring Chewore Lodge and Campsite’s customers from doing various activities offered by the safari company despite the existence of…

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Increased productivity key to upper-middle income status—World Bank

THE World Bank has urged the government to put in place measures that ensure increased capacity utilisation and productivity in all sectors of the economy if they want to realise their objective to attain an upper-middle income status by 2030. Speaking during the launch of the World Bank’s Zimbabwe Country Economic Memorandum (Cem) yesterday, the…

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Government targets US$1 billion cotton industry by 2025

LANDS minister Anxious Masuka says the government plans to take a majority stake in the Cotton Company of Zimbabwe (Cottco) as it targets to create a US$1 billion-dollar cotton industry by 2026. Speaking at an event to commemorate World Cotton Day in Harare over the weekend, Masuka said it was feasible to achieve the US$1…

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Econet leading market share in key product categories

ECONET Wireless Zimbabwe gained market share on all three key telecommunications product categories of mobile data, voice and SMS as the industry continues to battle rising operating costs, the latest sector performance figures from the industry regulator show. According to the Postal and Telecommunications Sector Performance Report Second Quarter 2022, Econet continued to lead the…

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Zimbabwe wins ICAO executive seat

ZIMBABWE has won an executive seat in the International Civil Aviation Organisation (ICAO) in an election which was held in Montreal, Canada. Speaking after the win on Tuesday in Canada, Transport minister Felix Mhona said the victory was a remarkable historical event where Zimbabwe would be included in international aviation decision making processes. “We are…

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EcoCash pushes up transaction limits

ECOCASH, Zimbabwe’s largest mobile money platform, has increased its transaction limits by an average of 230 percent, allowing wallet holders to send money, pay bills or buy goods and services with greater ease. According to a transaction schedule released by the EcoCash Holdings unit, mobile money users can now send up to $350 000 a…

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Econet eyes infrastructure upgrade in Bulawayo

ECONET Wireless Zimbabwe, the listed telecommunications and technology company, is planning to deploy new network infrastructure in Bulawayo and across the Matabeleland region in a move intended to boost customer experience in that part of the country. Speaking at the re-opening of the company’s newly-refurbished main shop in Bulawayo at the weekend, Econet chief operating…

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Investment forum at Sanganai Expo

THE Zimbabwe Tourism Authority will hold a Tourism Investment Forum on the side-lines of the upcoming Sanganai/Hlanganani World Tourism Expo on October 14 at the Zimbabwe International Exhibition Centre in Bulawayo. The forum will run under the theme: “Thinking Investment – Explore Zimbabwe Tourism Opportunities”.ZTA chief executive officer Winnie Muchanyuka outlined the investment forum’s objectives:…

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