CASSAVA Smartech trading as Ecocash Holdings Zimbabwe’s loss in inflation adjusted terms slightly reduced to $1 billion for the year to February 2021 from $1,2 billion as the group accelerated its digital transformation journey in response to challenges brought by the Covid-19 pandemic. The group is also expected to resume trade on the Zimbabwe Stock…
THE government has expressed confidence that a pig artificial insemination station set up in Chegutu last week will help boost capacity to meet the country’s target of producing 18 000 tonnes of pork by 2025. The Value Chain Alliance for Livestock Upgrading Empowerment (Value) project is a European Union (EU) -funded initiative under the Zimbabwe…
THE Econet Group’s transformation into a fully-fledged technology company is gathering pace, as the pan-African group continues to develop more partnerships with global players such as Google, Microsoft, Facebook and MasterCard. With traditional telecommunications services becoming legacy businesses, the Econet Group –—through its various business units — is proactively expanding into new areas like Cloud…
ZESA Holdings (Zesa) says it has struck a US$310 million deal with the Chinese government to repair and mordenise obsolete equipment at Hwange Power Station. The initiative is set to boost electricity generation amid a rising power crisis, which has seen Zesa resorting to load shedding over the past few months. Addressing the media this…
ZIMBABWEAN authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its currency….
ZIMBABWE Women Microfinance Bank (Women’s Bank) chief executive Mandas Marikanda, has called upon women in the Midlands Province to embrace the financial institution so they benefit from its services. The bank is a deposit-taking microfinance institution registered by the government to serve women unreached by conventional commercial banks particularly in rural areas. Addressing women during…
THE Agriculture ministry is banking on the Livestock Recovery Growth Plan to help increase the national cattle herd which only grew by less than one percent in the last farming season. This comes as the government is hoping to turn the livestock rearing sector into a US$1,9 billion industry by 2025. Speaking at the third…
A HARARE customs clearing agent has been arrested on allegations of defrauding a local car dealer of US$38 000 in unpaid duty fees for two top of the range bakkies. Robert Maganga Pembedza was not asked to plead to fraud allegations when he appeared before Harare magistrate Denis Mangosi yesterday, accused of faking to have…
TIME Bank of Zimbabwe Limited, which is set to reopen on December 1, has offered to finance compensation to white former commercial farmers whose land was expropriated by the government in the early 2000s to resettle black Zimbabweans. In a statement yesterday, the first locally-owned commercial bank to be established in the country, said the…
THE Zimbabwe Stock Exchange (ZSE) on Friday lifted CFI Holding Limited (CFI)’s suspension from trading on the main bourse after the company regularised its corporate governance shortcomings as required under the listing requirements. Trading in the securities of CFI was suspended on January 2, 2018 for failure to comply with the free float requirements and…
