HARARE – Stanbic Bank Zimbabwe has set aside $100 000 for the construction of a mother’s waiting home at Nyamuzuwe Rural Hospital in Mutoko, some 160 km north of Harare. Together with Plan International, their implementing partner, the bank will fund the construction and equipping of the home in a project set to change the…
HARARE – Listed retailer OK Zimbabwe’s profits went up by 174,6 percent to $16,6 million in the full year to March 31, 2018 from $6,1 million in prior year due to improved sales. The group’s chairperson David Lake yesterday said the strong growth reported at half -year continued through to the end of the financial…
HARARE – ECONET Wireless Zimbabwe (Private) Limited, the parent company of EcoCash and Steward Bank, advised its customers and the transacting public on Tuesday that the Swipe into EcoCash service was available and there are no plans to discontinue it. This was contrary to some media reports suggesting otherwise. “…the company wishes to reiterate that…
HARARE – Chinese national Yat Hoi Ning, who is accused of ripping off a mining company listed in London of US$2,76 million, has scored a lucrative deal from the South African government. In September last year, Ning was awarded an operator’s licence for the Musina-Makhado special economic zone (SEZ) in Limpopo — which is central…
HARARE – Another bruising battle is looming at Telecel Zimbabwe (Private) Limited (Telecel) as company chairman James Makamba has furtively sought to eject one of his Empowerment Corporation (EC) partners and board member Gerald Mlotshwa. This also comes as the grabby businessman is locked in a $2,8 million lawsuit with another EC associate George Manyere…
HARARE – At least six diamond companies that were ordered to shut down by government more than two years ago could make a comeback following the drafting of a new diamond policy. In February 2016, government moved to consolidate the diamond mining industry and ceased operations for the other six companies — Anjin, Diamond Mining…
HARARE – The Harare City Council will soon embark on a facelift of Mbare Musika vegetable market and bus terminus, which had become an eyesore. Council spokesperson Michael Chideme said the upgrade will make the popular market and bus terminus more user friendly for both commuters and transport operators. “We will be starting very soon…
HARARE – National tax collector, the Zimbabwe Revenue Authority (Zimra), yesterday said it surpassed its April target by 6,14 percent due to significant improvement in revenue collections. “Gross collections for the month amounted to $361,88 million, which translates to 9,18 percent above the targeted $331,47 million. After deducting refunds of $10,06 million, net collections stood…
HARARE – Many Zimbabweans who were offered $5 for their life’s savings and pensions by the country’s bankrupt government in 2015 could get more money if latest findings are anything to go by. Three years ago, the Reserve Bank of Zimbabwe announced that would pay $5 to all those who held Zimbabwe dollar bank accounts…
HARARE – London Stock Exchange-listed resources firm, Caledonia Mining Corporation (Caledonia), says its cash from operating activities surged by 296 percent to $7 million in the first quarter from $1,77 million in the 2017 first quarter due to “substantial increase in cash from operating activities due to higher profit and reduced working capital”. This was…
