HIGH Court judge Justice Edith Mushore has ruled in RAM Petroleum’s favour in a fuel delivery contract dispute the company was embroiled in with Lonrho Logistics over 120 000 litres of fuel. Lonrho had approached the court claiming that RAM had failed to deliver the fuel over a misunderstanding regarding payment of duties and levies…
ECOSURE, Cassava Smartech Zimbabwe’s micro-insurance business, has included tents and mobile ablution facilities to its funeral policy as the company beefs up its mobile insurance package with convenient add-ons. The move will ensure that for a small addition to their monthly premiums, bereaved families receive guaranteed shelter at funeral gatherings and that mourners can have…
IN response to growing passenger demand for air travel, Emirates will boost its flights from four to five times a week, starting from June 5. The linked service between Harare and Lusaka to Dubai will provide travellers with more flexibility and convenience of travel to over 90 destinations on the Emirates network, including its hub…
Stanbic Bank Zimbabwe’s South Africa-based parent company, Standard Bank Group, has been named the Best Bank in Africa in Global Finance’s 28th annual awards for the World’s Best Banks. Additionally, Standard Bank South Africa and Stanbic Bank Uganda were named best banks in their respective markets. The awards come at a time when the banking…
THE month-on-month inflation rate in March has slowed to 2,26 percent, shedding 1,19 percentage points on the February rate of 3,45 percent, official statistics show. The year-on-year inflation rate for this month as measured by the all items Consumer Price Index (CPI) stood at 240,55 percent. This means that prices as measured by the all…
STANBIC Bank has posted an inflation-adjusted profit after tax of $1,1 billion for the year ended December 31, 2020, recovering from a $44 million loss in the prior year. The Standard Bank subsidiary posted a $3,1 billion profit for the year under review in historical cost terms, exceeding comparative period performance of $477 million. In…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says the broadband gap between the urban and rural areas is more evident and is an obstacle towards the implementation of programmes such as e-learning at national level. In a 2020 annual sector performance report, Potraz director general Gift Machengete said the Covid-19 pandemic has exposed…
ZIMBABWE is sliding down the global Sustainable Development Goals (SDGs) index due to missed targets on access to clean water, sanitation, affordable clean energy, sustainable cities and communities and zero hunger, the latest SDG report shows. The United Nations’ (UN) 17 SDGs aim to achieve decent lives for all on a healthy planet by 2030….
DELTA Beverages has appointed Matlhogonolo Valela, to replace Pearson Gowero, who is stepping down on retirement, as chief executive and director of the company at the end of June this year. Gowero exits the beverage maker on a high note, following the purchase of a stake of Mutare Bottling Company to expand Delta’s footprint and…
THE government will embark on ambitious Internet connectivity projects as it sets out to establish 13 more telecommunication tower sites, 1 187 mobile network sites and connect additional health centres and schools. In his policy statement yesterday at the virtual International Telecommunications Union World Summit on the Information Society forum, Information, Communication Technology (ICT) minister…
