© ZIMBABWE is making strides to close the digital divide between the country and the developed world by providing Internet access to marginalised areas, an official has said. Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director general Gift Machengete yesterday said government is making use of funds from the Universal Services Fund (USF) to…
© ZIMBABWE’s month-on- month inflation rate further slowed by 0,35 percentage points in September to 17,72 percent from 18,04 percent in August, data from the Zimbabwe National Statistics Agency (Zimstats) shows. This means that prices as measured by all items in the Consumer Price Index (CPI) increased by an average rate of 17,72 percent from…
© CALEDONIA Mining Corporation (Caledonia) says gold production at its Blanket Mine was below target during the quarter ended September 2019 due to electricity supply interruption in Zimbabwe. This comes as State power utility Zesa Holdings has lost generation capacity at its Kariba plant and has not been able to import to cover the deficit…
© HWANGE Colliery Company Limited (Hwange) reported a profit of $$3,5 million during the half year ended June 30, 2019 against a loss of $23 million recorded in previous comparable period after a bump in its revenues. Revenue was up 128 percent to $69,8 million during the review period compared to $30,5 million achieved in…
ZIMBABWE’S external debt is an estimated US$8 billion, the Finance and Economic Development 2020 pre-budget strategy paper has revealed. The strategy paper revealed that the country’s total public and publicly guaranteed external debt position was estimated at US$8 billion as at end of June 2019 and of this amount, US$5,9 billion constitutes accumu- lated arrears….
© THE mobile telecoms industry continued to register subscriptions growth despite the challenges the industry and the entire economy face, underlining the importance of communication. [GoogleAd] The total number of active mobile subscriptions as at June 30, 2019 was 12 354 315, representing a 1,8 percent growth from 12 134 455 recorded in the first…
© PRESIDENT Emmerson Mnangagwa is expected to headline an economic and financial indaba to be held in the capital next month aimed at coming up with solutions to the country’s crisis. Zimbabwe is mired in its worst economic crisis in a decade, with triple-digit inflation, rolling power cuts and shortages of United States dollars, basic goods, medicines and fuel that…
© FINANCIAL trader Access Finance (Access) has been cleared of suspicion by the Reserve Bank of Zimbabwe (RBZ) after its accounts had been frozen along with those of three other companies in September, businessdaily has learnt. This comes as the government has come up with new and stringent rules to govern the operations of nearly…
© ZIMPLATS, the country’s largest platinum producer, says it will continue to engage government on its indigenisation plan after platinum and diamonds were removed from the reserve sector list. The plan, which was first mulled in 2012 and is yet to be approved, has been a subject of confrontation with government. [GoogleAd] In 2013, Zimplats…
© SIMBISA Brands (Simbisa) says it recorded a 134 percent increase in profit to $32,4 million in the year ended June 30, 2019, compared to $13,8 million during prior year, largely driven by steady performance across its markets. The listed fast-food retailer’s operations span from Zimbabwe into the region where it plans to increase market…
