Business

© ZIMBABWE Association of Micro Finance Institutions (Zamfi) chairperson Virginia Sibanda has called for open and candid discussions among stakeholders in the micro finance sector to facilitate growth in the industry. [GoogleAd] Speaking at the 2019 Micro finance CEO Professional School which ended yesterday in Kariba, Sibanda said Zimbabwe’s micro finance sector failing to grow because…

© STANDARD Charted Bank Zimbabwe (Stanchart) said on Thursday that it is no longer offering safe custody services. This comes as the bank also recently migrated some of its operations from Zimbabwe to China, India and Malaysia in a bid to “trim costs”.   [GoogleAd]   “Following earlier advice to affected clients, Stanchart wishes to inform all…

PRESIDENT Emmerson Mnangagwa’s administration has been warned to exercise caution when dealing with Eurasian Resource Group (ERG), which is planning to acquire ZimAlloys. This comes as government has over the past year signed questionable mining and energy deals with shady characters and firms such as Boustead Beef, Nkosikhona Holdings and Invictus Energy among others. [GoogleAd]…

© The multi-million dollar ‘‘ChakaChaya neEcoCash’’ promotion is back. Now in its third successive year, this year’s promotion is offering more prizes, including cash, houses, a Cape Town cruise, stands, goats and cows — not to mention a trip for two to the Africa Cup of Nations (Afcon) in Egypt, which the Zimbabwe Warriors recently qualified for….

© ZODSAT, a Zimbabwean teleport, satellite, and terrestrial network operator, has entered into a partnership with UAE-based global satellite operator Yahsat’s satellite broadband service called YahClick. [GoogleAd] Under the partnership, which will also include Yahsat’s partner, Hughes Network Systems, Zodsat will utilise Yahsat’s Ka-band Al Yah 3 satellite that was launched 2018.  According to Zodsat’s chief…

© ZIMBABWE’S year-on-year inflation for April rose to a 10-year high of 75,86 percent from 66,80 percent recorded in March, following a surge in prices of goods and services, latest figures show. This comes as the southern African country’s businesses are reeling from increased loading and rising input costs, which are threatening to snuff out…

© CALEDONIA Mining Corporation (Caledonia) gold production declined 7,6 percent to 11 948 ounces during the quarter ended March 31, 2019 compared to 12 924 recorded in prior year as grades recorded in the period proved weaker. [GoogleAd] Caledonia’s chief executive Steve Curtis said on-mine costs increased due to Blanket Mine’s high fixed costs, which…

© The Comesa Business Council (CBC) in partnership with the Zimbabwe National Chamber of Commerce (ZNCC) will convene the first ever Local Sourcing for Partnership Workshop at Crowne Plaza (Monomatapa) Hotel in Harare from today up to Friday. [GoogleAd] The meeting will be held under the theme, “Building SME Competitiveness in Regional Markets through Standards”….