Business

ZESA Holdings(Zesa) has appointed corporate affairs guru George Manyaya its general manager for stakeholder relations, communications and welfare. Manyaya, currently the head of consumer affairs and publicity at Postal and Telecommunications Regulatory Authority of Zimbabwe, would assume his new position at Zesa on October 1. In a statement yesterday, Zesa executive chairperson Sydney Gata said…

Melisa Chatikobo  THE Tobacco Research Board (TRB) is currently conducting studies to come up with varieties of hemp seeds that are suitable for the Zimbabwean climate and soil nutrients.  This comes as the government, in 2019, legalised cannabis production which has seen a number of farmers venturing into the sector.  However, most of these cannabis…

AFRICAN Century Limited (ACL) says the stability of the local dollar against major currencies will create a stable environment for the banking sector in the country. In a statement accompanying the financial institution’s results for the six months to June 31, ACL chairperson Victor Gapare said the stability of the exchange rate brought about by…

METBANK says it will focus its lending business to finance property developments and mortgage products that promote financial inclusion under a strategic plan that will determine the direction of the institution going forward. In a statement accompanying the bank’s financial results for the six months to June 30, Metbank chairperson Darlick Marandure said the financial…

FIRST Capital Bank Limited Zimbabwe, a subsidiary of FMBcapital Holdings Plc (FMBCH), says its strategy and operating model has enabled it to “deal effectively” with the combined challenges of Covid-19 pandemic and the country’s macroeconomic conditions. In its half-year results for 2021 released last Friday, the bank’s operating profit before tax excluding investment property and…

COMPANIES must invest in video conferencing technology because holding meetings online is unlikely to completely end even if the Covid-19 pandemic is defeated, Innovative Technologies managing director Tapiwa Mukori has said. A national lockdown has been in place since March last year as part of measures by the government to contain the Covid-19 pandemic, a…

INDIA has contributed almost US$1 million to the United Nations World Food Programme (WFP) in Zimbabwe to help affected populations tackle climate shocks. The contribution, provided through the India-UN Development Partnership Fund, would be used to assist more than 5 200 smallholder farmers in Chiredzi and Mangwe districts. Working alongside partners, WFP Zimbabwe would provide…

FORMER NetOne chief executive Reward Kangai has lost the $2 million defamation lawsuit he launched in 2019 against his former employer after the High Court threw out his application.  This comes after the mobile network service provider approached the court later that year with a second application of its own seeking an order to dismiss…