HARARE – Insurance Brokers are targeting to double their market share to 80 percent within the next two years on the back of anticipated increased economic activity. The brokers, who are regulated by the Insurance and Pensions Commission (Ipec) and offer advice to prospective policy holders who want to buy an insurance policy or join…
HARARE – Tourism minister Prisca Mupfumira says one of her immediate actions would be to review entrance fees to national parks for domestic tourists. Mupfumira was one of a few ministers to retain her post in President Emmerson Mnangagwa’s largely youthful administration appointed recently. She now presides over an expanded portfolio that includes the administration…
HARARE – The Confederation of Zimbabwe Industries (CZI) will hold its 2018 Congress and International Investment Forum at Holiday Inn, Bulawayo this week. The congress will start from Wednesday, September 26 to Friday, September 28, 2018. The annual gathering, which will run under the theme “From dialogue to implementation — it’s time to act”, will…
HARARE – Zimbabwe’s second largest mobile network provider NetOne has donated state-of-the-art computers to Mutenderende High School in Chirumanzu. The rural school was the National Blood Service Zimbabwe (NBSZ) winners for the year. At the beginning of the year, the mobile network operator partnered with NBSZ and donated $25 000 to the institution to improve…
HARARE – Zimbabwe’s telecommunications regulator says it will order companies in the sector to connect marginalised people in Maranda, Mwenezi, who have no access to communication channels. The small business centre on the northern edge of Mwenezi is only serviced by Zimbabwe’s largest mobile network services provider, Econet. Phibeon Chaibva, an official with the Postal…
HARARE – Metbank says it will continue to pursue a property development-centred strategy after adding $15 million to its investments in real estate during the half year to June, 2018. The bank’s investment property-dominated balance sheet sets it apart from the rest of the pack as local financial institutions have noticeably grown fond of investment…
HARARE – Zimbabwe’s inflation pressures continue escalating as the country’s annual broad money supply (M3) rose by 40,8 percent to $9,1 billion in June 2018 from $6,4 billion recorded in same period last year. Broad money supply is money in circulation — physical currency and demand deposits. According to the Reserve Bank of Zimbabwe (RBZ)’s…
HARARE – Caledonia Mining Corporation (Caledonia) has received a boost after its Zimbabwe-based Blanket Mine increased total resources by 86 percent to almost 1,8 million ounces. Steve Curtis, Caledonia’s chief executive, said the substantial increase in inferred resources, at a grade of 4,5 grammes per tonne, gave confidence in the mine’s long term potential. “Whilst…
HARARE – PGMs producer Zimplats Holdings (Zimplats) has been granted a $9,6million tax reversal judgment in a customs duty case against the Zimbabwe Revenue Authority The country’s largest platinum miner had filed a suit with the High Court of Zimbabwe challenging the validity of the tax bill, though it had settled the liability — on…
HARARE – ZUVA Petroleum plans to plant a million trees by 2020 through a schools’ tree planting programme that was recently launched in Harare by Environment, Tourism and Hospitality Industry minister Prisca Mupfumira. Under the pilot phase of the programme, 10 high schools selected from throughout the country were presented with 200 fruit tree seedlings…
