ZIMBABWE’S economic freedom score is 33.1, making its economy the 173rd freest in the 2022 Index. The country is ranked 46th among…
TELECOMMUNICATIONS operator TelOne says it has come up with measures to curb vandalism, including deploying of security alarms systems and awareness campaigns, among others. This comes after TelOne recently said it has lost close to US$1,5 million due to network theft and infrastructure vandalism. In a statement yesterday, the company’s corporate communications head Melody Harry…
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GROWING public and private investment, particularly in infrastructure projects across all sectors of the economy, is expected to spur and sustain economic…
PEOPLE’s Own Savings Bank (POSB) has launched a low cost US$-denominated mobile money platform — POSB Remit, as the mass market financial institution bids to enhance service delivery to drive up hard currency revenue. The domestic money transfer service allows both POSB and non-POSB individual customers to send and receive US$ cash from families and…
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ZIMBABWE has so far sold tobacco worth US$511.3 million since opening of this year’s selling season, which is a 0.80 percent increase from what was sold last season during the same period. Zimbabwe Tobacco Association (ZTA) chief executive officer Rodney Ambrose said this is because of firmer prices and increased cost of production. The latest…
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WORK at the US$1.5 billion Hwange 7 and 8 Thermal Power Station expansion project that will augment electricity generation in the country is now close to completion with construction status at 88 percent. The project, which had been affected by delays in procurement of imported materials due to Covid-19-induced restrictions, would add an additional 600…
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THE Postal and Telecommunications Regulatory Authority (Potraz) is channeling more than $1 billion towards innovation in the country. Addressing delegates at a Mutare Hackathon on Saturday, Potraz director general Gift Machengete said the innovation drive being conducted by the institution was aimed at steering innovation as a way of finding home grown Information Communication Technologies…
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STEWARD Bank posted a strong financial performance in the full year to February, with net operating income rising by 73 percent while profit before tax more than doubled. However, the performance was eclipsed by the country’s worsening economic conditions as evidenced by rising inflation and a sharp depreciation of the Zimbabwe dollar. This was after…
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This year the giant retailer TM Pick n Pay celebrates a decade since its first Pick Pay store opened doors in Kamfinsa…
TELONE says it has lost close to US$1,5 million due to network theft and infrastructure vandalism. Speaking at the company’s eighth annual general meeting in the capital yesterday, TelOne managing director Chipo Mtasa said the development was crippling the State-owned telecommunications enterprise’s growth. “The business is under threat due to network theft and vandalism especially…
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