Business

Zimbabwe implored to invest in wetlands

THE Environmental Management Agency (Ema) says Zimbabwe should invest in wetlands as they are proving to be major economic growth enablers through providing vital ecosystem services and crucial in mitigating effects of climate change. This comes after it emerged as Dufuya wetland, which was developed in Lower Gweru in the Midlands province, is now benefiting…

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NetOne commits to seamless communication solutions

MOBILE network operator NetOne underscored its determination to continue coming up with mobile financial services platforms that make it easy for customers to conduct day-to-day transactions. NetOne chief executive officer Raphael Mushanawani made the remarks during the recent handover of prizes to customers who participated in the ‘Valentine’s Day Transact and Win Promotion’ that saw…

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Bank erroneously transfers $74m to client

THE State has called for an investigation of a local bank staffer who allegedly transferred US$636 200 instead of the same amount in local currency. This follows the arrest of the bank’s client Itai Mazambani on theft charges, dealing in foreign currency and money laundering, after moving the amount that had been converted to $74…

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Potraz implements data protection laws

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has ordered organisations with personal information of more than 30 people to notify them as they move to implement data protection laws. The Data Protection Act, which was signed into law by the President Emmerson Mnangagwa last December, controls how data can be collected, transmitted or…

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Metbank wins $8m lawsuit

THE High Court granted Metbank an order to be paid $8 million by a defaulting borrower, Sobriety Investments (Private) Limited, yesterday.  The local company that is into import buying was awarded a trade based working capital worth US$1,4 million by Metbank in June 2018 which their directors, Itai Nyabonda and Linda Tsungai Chivandire, signed for…

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Felix Mhona embarks on investor hunting in Dubai

TRANSPORT minister Felix Mhona has embarked on a diplomatic offensive in the United Arab Emirates aimed at luring investors into Zimbabwe’s public transport and infrastructure sectors. Addressing participants and exhibitors on Sunday at the on-going Middle East and North Africa (Mena) Transport Congress and Exhibition that is being held at Dubai World Trade Centre in…

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Fight over Mberengwa gold mine raging

AN ownership wrangle is raging between Anesu Gold (Private) Limited company and Gold Reef over a Mberengwa, Midlands, gold mine which has sucked in Mines minister Winston Chitando. The matter has since spilled into the High Court with High Court Judge, Justice Rogers Manyangadze yesterday postponing it to February 24. According to court papers, Yakub…

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Value chain stakeholders request sugar bean imports

STAKEHOLDERS in the sugar bean value chain have called on the government to allow them to import the crop, as local farmers fail to satisfy the local market. Speaking to the Daily News yesterday, Agricultural Marketing Authority (Ama) acting director of agribusiness, Junior Manduna said they had since introduced sugar bean market linkage programmes at irrigation schemes…

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Zas embarks on a cattle revitalisation programme

THE Zimbabwe Agriculture Society (Zas) has embarked on a livestock revitalisation programme that will improve breed and calving rate for communal cattle farmers. Speaking to the Daily News yesterday, chief executive officer of Zas Andrew Matibiri said the venture, in which they are partnering miners, would make use of artificial insemination. “A lot of farmers do not…

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