Business

© CFI Holdings’ mainstay subsidiaries Agrifoods and Victoria Foods, which are under judicial management, recently convened meetings with shareholders and creditors to ratify relevant schemes of arrangements, the judicial manager of the companies has said. [GoogleAd] The companies were placed under judicial management in 2016 to allow for debt restructuring, re-organisation and recapitalisation. In press statements…

© 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…

© 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…

© 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”….