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RBZ registers 19 new micro financiers

HARARE – The Reserve Bank of Zimbabwe (RBZ) yesterday said it has registered 19 new micro financiers, bringing the total number of such institutions to 194. The central bank’s registrar of micro financiers registered the 19 institutions during the period extending from January to June 30, this year. Fifteen out of the 19 microfinance institutions…

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Liquid connects 39 000 houses

HARARE – Liquid Telecom Zimbabwe (Liquid) says it has connected 39 000 houses in the country with fibre since launching the programme five years ago. Demand for telecommunications services has been growing in Zimbabwe, where data-based products have evolved into the biggest form of communication ahead of voice. “The company was the first to launch…

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Barclays, CBZ spur ZSE

HARARE – Zimbabwe Stock Exchange (ZSE) recorded significant gains towards the end of last week buoyed by block trades in financial institutions Barclays and CBZ Holdings (CBZ) shares. The local bourse, which survived a mid-week slump as it powered to gains in all the major market benchmarks by the end of week ahead of the…

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Food processor launches new products

HARARE – A new food processing company has launched an assortment of condiments which will soon hit the supermarket shelves. The Harare-based company, Simplitude PVT LTD, has introduced an array of products under the brand name, Easy Peasy. The products include a range of pre-prepared chopped, sliced and ready-to-go cooking ingredients. Chipo Ruhukwa, the company’s…

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ZSE ignores ‘Mthuli-phoria’

HARARE – The Zimbabwe Stock Exchange (ZSE) slipped into the red unperturbed by the excitement showing across markets on the appointment of new treasury chief, Mthuli Ncube, it has emerged. Slipping into the red in Monday’s session, the market opened the week on a low note as heavies dragged the indices southwards as the mainstream…

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ZB commits to helping the needy

HARARE – ZB Financial Holdings (ZB) has committed itself to playing a part in the promotion of health, education, arts and culture as well as environmental sustainability in the communities they serve. The diversified banking institution’s chief executive officer (CEO), Ronald Mutandagayi, made the remarks at the weekend after making a variety of donations to…

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New transport management system to improve efficiency

HARARE – Zimbabwe has signed an integrated transport management system, which seeks to bring together five key elements of road policing, efficient use of national infrastructure and coordination of information among relevant government departments. The development also comes as President Emmerson Mnangagwa’s administration has set out to provide efficient government services — in line with…

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ZimTrade names Majuru new chief executive

HARARE – Zimbabwe Trade (ZimTrade) has appointed Allan Tawanda Majuru as the new chief executive officer (CEO). A holder of a Master of Science degree in Agricultural Applied Economics and a Bachelor of Science Honours in Agricultural Economics and Extension from the University of Pretoria and the University of Zimbabwe, Majuru was appointed into office…

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Potraz intensifies consumer awareness campaigns

HARARE – The Postal and Telecommunications Regulatory Authority of Zimbabwe has increased visibility in most rural areas, after canvassing the country’s 10 provinces, teaching mobile network providers’ consumers on their rights. The telecommunications regulatory authority invaded the Midlands Province area last week, conducting educative road shows in various places. Talent Munyaradzi, an official with Potraz…

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