HARARE – Econet Wireless Zimbabwe grew its revenue market share to 84.2% in the fourth quarter (Q4) of 2017, up from 81.6% in Q3 of the same year, according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s fourth quarter Postal and Telecommunications Sector Rerformance Report released by the Authority in Harare yesterday. The…
HARARE – Listed light manufacturing group, Innscor Africa Limited, yesterday reported a $6,27 million decline in revenue, a development which the company chairperson Addington Chinake attributed to the avian influenza epidemic that hit the country last year. The group posted revenues of $304,81 million for the six months ended December 31, 2017, representing a drop…
HARARE – Local and global accountancy experts will meet in Harare with government representatives next week to discuss the implementation of the accrual-based International Public Sector Accounting Standards (Ipsas) as part of efforts to improve efficiency, transparency and accountability. The three-day round table meeting, slated for March 20 to 22, 2018, is being organised by…
HARARE – Zimbabwe has been elected chair of the Africa Forum of Independent Accounting and Auditing Regulators (AFIAAR), a new accounting and auditing body for African countries established to serve and protect the public interest. The body, formed this month, is expected to enhance members’ oversight capabilities and improve the quality of auditing around the…
HARARE – One of Zimbabwe’s leading leisure firms has invested in a plastic waste recycling plant in Victoria Falls to protect the environment around one of the world’s seven natural wonders. Africa Albida Tourism, which operates a string of top end leisure outfits in the Zambezi basin, said in a statement that there was need…
HARARE – Former president Robert Mugabe is history and now finds voice only in the private media, sulking about this or that. Elsewhere the new President Emmerson Mnangagwa has taken hold and has promptly pronounced that “Zimbabwe is now open for business”. What does this mean for the over 1,4 million families who subsist on…
HARARE – The National Social Security Authority (Nssa) has intensified efforts to make sure that all firms collecting social security contributions from employees remit them to the State-run pay-as-you-go pension scheme. There have been reports that several firms have been collecting pensions due to Nssa from employees, but have been failing to remit them to…
HARARE – President Emmerson Mnangagwa visited a tractor and parts plant on Tuesday to highlight the role of manufacturing in reviving the economy, and followed up on his State of the nation message of strengthening the economy through industrialisation. Case IH distributor Agricon Equipment Zimbabwe received Mnangagwa at its headquarters in Harare for a visit…
HARARE – MBCA Zimbabwe this week changed its name to Nedbank Zimbabwe after the registrar of companies approved the change of its corporate identity as part of efforts to spur growth. The Nedbank Group is the fourth largest bank in South Africa by market share and customer numbers. Nedbank Zimbabwe business manager Wellington Ncube told…
HARARE – A Parliamentary Portfolio Committee on Transport and Infrastructural Development report indicated this week that the Civil Aviation Authority of Zimbabwe (Caaz) last year signed a $33,7 million agreement with IndraSistemas of Spain for financing, supply and of installation communication, navigation, surveillance and air traffic management systems and rehabilitation for Zimbabwe’s airport infrastructure. Presenting…
