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InDriver comes to Zim

© GLOBAL ride-hail start up inDriver says it has begun recruiting drivers in Harare for the service, which it intends to launch in the capital towards the end of this month. The online taxi company which operates in four African countries ? Kenya, Uganda, South Africa and Tanzania ? will add Zimbabwe as the fifth…

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Govt prioritises tungsten project

© PREMIER African Minerals (Premier) says government has committed to prioritise the company’s tungsten mining operation in Zimbabwe. This comes as the London-listed resources group last month threatened to divest from Zimbabwe due to the southern African country’s risk profile. [GoogleAd] Premier operates RHA Tungsten mine in Matabeleland North in partnership with the National Indigenisation…

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Zim businesswoman scoops top award

© GWERU-based private property developer Smelly Dube raised the Zimbabwean flag high at the ongoing African Achievers Awards International Lectures and Honours currently underway in Newington, United Kingdom after she scooped a top award. Dube was invited among other African business people to attend the African Achievers conference running under the theme “Initiating diversified African…

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Local bulk payment system up

© THE Reserve Bank of Zimbabwe (RBZ) says financial institutions have devised an alternative means of bulk payments following the suspension of services by Paynet and is expected to go live end of July, 2019. The bulk payments service provider recently suspended its payment service to customers in Zimbabwe after accusing banks of being greedy…

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Zim inflation tops 176pc

ZIMBABWE’S year-on-year inflation rose to 175, 66 percent in June from 97, 85 percent in May as persistent increases in the price of basic goods continues, Zimstats said yesterday. The skyrocketing inflation comes as the Zimbabwe Energy Regulatory Authority increased petrol and diesel prices by up to 16 percent at the weekend — the fourth…

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Can interbank, parallel  market rates ever converge?

© GOVERNMENT still faces an uphill task in dealing with the illegal parallel currency market notwithstanding a raft of measures introduced by government to tame the monster. [GoogleAd] Analysts canvassed by the Daily News on Sunday said the alternative market would only be annihilated once the interbank market starts to trade at its optimum. But…

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EduCorp opens Turkey study doors

© Having set on an adventure to study on the Island of North Cyprus which is under Turkey province about four years ago, unbelievably time has gone so quickly that it sounds all dramatic that I am about to graduate with Bachelors in International Business and Administration.  The experiences, on and off campus at the…

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NetOne in dramatic turnaround

STATE-OWNED telecommunications company NetOne, says it recorded a $10,2 million profit for the year ended December 31, 2018, in a dramatic turnaround from a $77 million loss in the previous comparable period. The company’s revenues however only grew by 13 percent to $119,1 million from $105,5 million due to improved income from the data revenue…

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CBZ voted best bank in Zim

CBZ Bank has been voted the best Zimbabwean banking group by the international financial magazine Euromoney. CBZ Holdings chief executive Blessing Mudavanhu said the country’s largest commercial bank by asset base was on Wednesday honoured for its commitment to excellence and for pursuing sound managerial practices in its operations put in place by new management…

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IATA, govt in high level talks

© THE International Air Transport Association (Iata) on Tuesday met with President Emmerson Mnangagwa, pictured, and his government delegation to discuss the contribution of aviation to the country’s economy and development. A key topic addressed was the need to ?nd a mutually acceptable and workable solution for the release of US$196 million in revenues owed…

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