Business

DISTRIBUTED Power Africa (DPA), the continent’s leading renewable energy solutions company, says it is targeting to reduce Econet Wireless Zimbabwe’s diesel consumption by 80 percent through the use of solar batteries. Several businesses in Africa have been relying on fossil fuels to sustain their operations due to erratic power suppliers.  However, environmental and sustainability concerns,…

LOCAL property giant West Properties general manager Tatiana Ellis says the opening of the Pokugara Residential Estate in Harare gives Zimbabweans a chance to build world-class houses. Speaking during the official opening of the project recently, Ellis said since the company was formed in 2007, it had provided decent and state-of-the-art housing to Zimbabweans. “It…

ZIMPLOW Limited (Zimplow), one of the country’s market leaders in farming, infrastructure and mining equipment, says it is close to completing the acquisition of Scanlink and Trentyre, after the mega deals were recently approved by the Competition and Tariff Commission (CTC). Addressing the company’s annual general meeting in Harare yesterday, Zimplow’s newly-appointed chairperson Godfrey Manhambara…

THE government says it is looking for new investors to resuscitate the National Railways of Zimbabwe (NRZ), with a delegation currently in Turkey to engage businesspeople keen on reviving the company. This comes after previous efforts to revive the company hit a brick wall after the government’s US$400 million deal with the Diaspora Infrastructure Development…

LEADING business software provider, Twenty Third Century System (TTCS), says it is continuing to provide SAP Services in Zimbabwe and the region. While the company’s contract to collect money on behalf of SAP (SAP Value Added Reseller) expired two years ago, this did not end their provision of services, according to the company. SAP is…

THE government is pushing for a private sector-centred economy backed by increased exports which will contribute to the country’s gross domestic product (GDP), President Emmerson Mnangagwa has said. Speaking during a tour of the United Refineries (Private) Limited in Bulawayo at the weekend, Mnangagwa said in order to achieve this goal, the government had put…

GLOBE Trot (Private) Limited (Globe Trot) has once again approached the High Court seeking to recover US$50 000 that was advanced to Probadek Investments as capital in a botched joint mining venture. Globe Trot initially approached the court in March with summons against Probadek and its directors Patricia Mutombgwera and Grant Chitate. In the present…

ZIMBABWE plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to its largest trading partner, South Africa. The US$250 million listing by the Infrastructure Development Bank of Zimbabwe will be the first…