© LAFARGE Cement Zimbabwe (Lafarge) says it anticipates the last quarter of the year to remain flat compared to last year with demand being sustained by inflows from the Diaspora during the festive season. The cement maker said the onset of the rainy season means tapering off in cement demand. [GoogleAd] “The business will undertake…
© BORDER Timbers production for the quarter ended September 30, 2019, de- clined nine percent to 17 986 metric tonnes compared to 19 776 metric tonnes achieved prior year same period due to ma- chine breakdown and power shortages. Peter Bailey, the company’s ju- dicial manager, said the decline in production reflected in declining sales…
© LAFARGE Zimbabwe says it anticipates the country’s ongoing economic crisis to continue in the medium term, but the company insists it is in good standing to weather the storm. In a trading update this week for the third quarter, company secretary Flora Chinhaire said high inflation in the country had become the biggest threat to…
© BINDURA Nickel Corporation (BNC) says it has long term plans to set up a 45MW solar power plant to reduce its electricity bill and ease pressure on the national grid. The mine which requires about 15MW daily has a ring-fenced facility with the national power utility, but it has not been spared from intermittent…
© STATE-OWNED mobile network provider NetOne has removed transaction fees on its mobile money platform. “We have introduced zero-rated transactions on all OneMoney transactions, except the statutory two percent tax and swipe card charges,” said NetOne chief executive Lazarus Muchenje on Monday in the capital. [GoogleAd] He added that the latest development, which is expected…
© THE Insurance Brokers Association of Zimbabwe (IBAZ) says insurance fraud is on the increase in the country as the harsh economic situation is driving more people to crime. “We have been seeing that more people are inflating claims and some are doing despicable things to claim fraudulently. It is really a challenge and it…
© THE Zimbabwe Stock Exchange (ZSE) says it is drafting a green and social bonds framework aimed at reviving a regulated bond market that became dormant over a decade ago. Green and social bonds are debt instruments used to raise capital by entities to fund projects with environmental benefits and positive social developments….
© AFRICAN lithium company, Prospect Resources has announced a significant increase in ore reserves to 37,4 million tonnes at its Arcadia Lithium Project, which further extends the life of the mine and a pathway to updated project economics. [GoogleAd] Total probable ore reserves have been increased to 37,4 million tonnes grading, representing an increase of…
© THE Zimbabwe National Chamber of Commerce (ZNCC) has embarked on a survey of the country’s energy crisis in a bid to find lasting solutions. ZNCC said the survey, which comes as the country has been crippled by rolling power blackouts and intensifying fuel shortages for over a year, would be key to stimulating evidence-…
© NETONE says most companies operating in the country have embraced its mobile money payment platform, OneMoney. OneMoney previously known as One Wallet before it was rebranded in 2017— offers a bulk payment solution called OnePay, which allows corporates and other entities to process multiple wallet transactions. [GoogleAd] “Several companies have adopted this mode of…
