Business

© THE Insurance and Pensions Commission (Ipec) says the non-life insurance industry has shown resilience after registering a 17,29 percent growth in gross premium written (GPW) in 2018, despite a challenging environment. [GoogleAd] In its recently published Short Term (non-life) Insurance Report for the quarter ending December 31, 2018 Ipec said: “During the year under…

© TELECEL Zimbabwe (Telecel) board has suspended its former chief executive Francis Mawindi as a board member with immediate effect over alleged breach of the common law fiduciary duty of confidentiality. This comes after a letter to the board recommending the firing of his successor Angeline Vere written by Mawindi was allegedly leaked to the…

© ZIMBABWE Stock Exchange-listed retailer OK Zimbabwe (OK) says its profit for the year ended March 31, 2019 was up 196 percent on the prior period to RTGS$49,22 million after a strong increase in revenue. This comes as prices of goods and services have skyrocketed with the country’s official inflation climbing to a 10-year high…

© THE Agriculture Development Bank of Zimbabwe (Agribank) has sued Hermes Capital over a US$2 million loan. The agro-focused bank entered into a loan banking facility agreement of US$2 million with the debtor on December 13, 2016 for the purpose of providing working capital to 39 farmers to implement 3,332 hectares of commercial maize during…

© GOVERNMENT is working on reviving horticultural exports to ensure the sector delivers 10 percent in terms of economic growth. Zimbabwe’s horticulture sector, whose export performance peaked at $143 million in the 1999/2000 season, is on a revival path and is expected to be a key driver in the country’s future value-added export growth. [GoogleAd]…

© THE government’s e-learning programme which is funded through the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) universal services fund has transformed schools in remote areas, businessdaily has established. Zimbabwe introduced the e-learning programme a few years ago in an effort to make the country a regional information and communication hub. [GoogleAd] Speaking during…

THE CBZ Schools Debate Championship whose aim is to promote critical thinking in schools has incorporated secondary schools this year, with Zimbabwe’s leading bank investing RTGS$110 000 in prize money. The debate championship organised in partnership with the Institute of African Knowledge (Instak), National Association of Primary School Heads (Naph) and the National Association of…

TELONE, Zimbabwe’s sole fixed telecommunication service provider, has received a thumbs up from consumers for its improved performance on the market, a new survey has revealed. According to a Consumer Satisfaction Survey (CSS) published yesterday, TelOne was rated positively on its voice quality at both corporate and household levels. [GoogleAd] “Overall, TelOne was rated positively…