A LOCAL mobile company Astro Group has launched a new electronic financial transaction platform, E-Shagi, aimed at easing the public’s way of accessing financial services through digital means. Speaking at the launch of E-Shagi yesterday, Information Communication Technology (ICT) minister Jenfan Muswere, said the platform will create over 3 000 new jobs for young graduates…
BancABC Zimbabwe has responded to the 21-day coronavirus (Covid-19) lockdown by launching a virtual branch which allows customers to conduct all banking transactions through video and telephone. The launch of the virtual branch, which is pivoted on video banking capabilities, allows customers to interface with a teller face to face and perform their banking transactions…
THE African Union (AU) says it expects the continent to see a considerable decline in foreign direct investment (FDI) in 2020 and 2021 due to the Covid-19 pandemic. It also comes as the Organisation for Economic Co-operation and Development has said there are early signals of a possible impact on FDI “reinvested earnings in developing…
ZIMBABWE’s mining output is expected to drop by 60 percent during the second quarter of 2020 compared to prior year due to the effects of coronavirus, the Chamber of Mines said. In a report on the economic impact of the pandemic on the mining industry, the chamber said revenue losses are estimated to exceed US$400…
COMPANIES are increasing levels of stocks or working to ensure consistent supply of products in the wake of coronavirus, which has threatened economic growth plans. Major industries and some of the country’s recreational facilities have started closing down, and taking responsive measures to decongest their premises. Caledonia Mining Corporation (Caledonia) said it has put measures…
THE Zimbabwe Stock Exchange (ZSE) has shortened its trading hours as individuals and companies implement social distancing measures to mitigate the spread of the novel coronavirus. A number of firms listed on the local bourse have also postponed their annual general meetings (AGMs) due to the pandemic. As of Friday, there were more than 500…
SIMBISA Brands (Simbisa) recorded a profit of $108,29 million during the six months ended December 31, 2019 from $87,27 million in prior year after a bump in its revenues. Revenue was up 101 percent to $1,272 billion during the review period from $633,67 million in previous period while profit attributable to shareholders and headline earnings…
Amid the COVID-19 pandemic, with the global community battling the virus, EcoSure has announced plans to immediately support the country’s national health delivery system by equipping frontline medical staff with protective personal equipment (PPE). Adding to that, Ecosure has also pledged to providing them with life and health insurance and offering them safe transport to…
MINING houses operating in Zimbabwe are enhancing their existing emergency preparedness measures in the wake of the outbreak of the novel coronavirus (Covid-19) disease. Chamber of Mines of Zimbabwe president, Elizabeth Nerwande, revealed that miners were further strengthening their emergency preparedness measures to deal with the occupational health and safety risks that may arise as…
STANBIC Bank (Stanbic) has temporary closed its Victoria Falls and Hwange branches as part of preventive measures against the spread of the Covid-19 global pandemic. This comes as the financial institution last week also temporarily shut down its Incubator Hub to support social distancing, which comes as a recommended preventative measure by the World Health…
