Business

THE Zimbabwean government has been acknowledged by the United States (US) Fiscal Transparency Report as one of the governments that made significant efforts towards meeting minimum fiscal transparency requirements. The annual Fiscal Transparency Report evaluates data on fiscal transparency collected in 141 countries that are eligible to receive US foreign assistance. It is prepared by…

By Brandon Josphat MINISTER of Information Communication technology (ICT) Jenfan Muswere has hailed Dandemutande for its commitment to providing cheap internet access and data protection for individuals and organisations. Speaking during Dandemutande’s 25th-anniversary ceremony in the capital recently, Muswere said as part of the attainment of universal access by 2030, the company had installed internet…

PIONEER Transport, which was in the middle of a financial crisis leading to its placement under judicial management four years ago, can now manage its own financial affairs after the high court ruled the fi rm has financially recovered. Judicial management is granted following a court application by a company facing financial challenges to have…

THE Zimbabwe International Trade Fair (ZITF) company has unveiled its latest service offering, the inaugural Infrastructure and Built Environment Confex (AfriConfex) targeting buyers and sellers within the entire built environment value chain. The new two-day expo, which is scheduled to take place at the Zimbabwe International Exhibition Centre in the city will run from October…

ONE of Zimbabwe’s telecommunications giants TelOne has launched a digital crop monitoring platform. The innovation known as TelOne Crop Monitoring will incorporate the company into smart agriculture and aims to transform farming practices in the country. Over the past two years, TelOne has managed to successfully diversify from its main line of business — which…

DIVERSIFIED financial service group, Old Mutual Zimbabwe Limited (OMZIL), says net profit after tax in historical terms for half-year ended June 30, increased by 246 percent to $50 billion driven by a strong performance across the group’s business lines. Group chief executive Samuel Matsekete told shareholders attending an analyst briefing on Monday that the group’s…

LEADING financial services institution, Stanbic Bank, has demonstrated its resilience by posting an inflation- adjusted profit of $11.2 billion for the six months to June 30, 2022, up from $3.5 billion in the comparative period last year. The Standard Bank Group subsidiary shrugged off the difficult economic environment mired in inflationary pressures and a myriad…

THE first phase of a multi-million- dollar refurbishment programme has started at Harare’s five-star Meikles Hotel, featuring a significant renova- tion and redesigning of most public areas and the hotel’s south wing. Meikles Hotel general manager Tinashe Munjoma said the refurbishment programme had been delayed during the Covid-19 crisis, but was now under way, focusing…