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Liquid Telecom appoints new deputy MD

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HARARE – Liquid Telecom Zimbabwe has appointed Martin Mushambadope, as deputy managing director with effect from March 1, 2018. Prior to his appointment, Mushambadope was the company’s commercial officer. Mushambadope has extensive local and international experience in the financial services sector, healthcare service, advisory services and telecoms having worked in England, Singapore, Ghana, Kenya and…

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Zim mining sector: Has positive change begun?

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HARARE – Zimbabwe has overcome unprecedented change since November 2017, when new President Emmerson Mnangagwa took office. This political change has boosted business confidence and caught the attention of the international market. This change at the top has encouraged a unanimous feeling across the country and at the conference — Zimbabwe is “open for business”….

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Zim’s credit rating improves

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HARARE – Respected South Africa-based economic research firm NKC African Economics (NKC) yesterday upgraded Zimbabwe’s sovereign credit rating or ability to borrow money for the first time in nearly 20 years, saying continued progress on economic and institutional reforms would boost the country’s growth potential. NKC is a Cape Town- based research firm that investigates…

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Psmas turnaround on course

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HARARE – Zimbabwe’s oldest healthcare funder, Premier Service Medical Aid Service (Psmas) says its turnaround strategy is now bearing fruit. The group’s managing director,  Tendai Kapunha said the healthcare funder, which was established in 1930 and is currently battling legacy debts of up to $300 million, is now on its feet after implementing new policies…

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Ex-Finance minister cornered over $366k debt

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HARARE – CABS has applied for a default judgment against former deputy Finance minister and Zanu PF Mutoko South MP David Chapfika in a bid to recover a $366 000 loan that the politician secured using his late brother’s estate. In the application filed on Tuesday last week, CABS cited Chapfika, his company Racewin Trading…

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Nssa pursues platinum, lithium investments

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HARARE – Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector. The statutory body — sitting on a $1,3 billion asset base — is targeting high-value minerals such as lithium and platinum, among others. Zimbabwe has vast reserves of the minerals, with the country hosting the second largest…

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Econet takes lead in use of AI

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HARARE – Listed telecoms and tech giant Econet Wireless Zimbabwe (EWZ) has taken the lead in the use of AI (artificial intelligence) to manage its customer services support in a move set to significantly improve its customer experience. AI is the automated use of technology and machines to perform routine and complex human tasks. Econet…

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‘Emulate Univern’s world-class innovation’

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HARARE – President Emmerson Mnangagwa’s sentiments about the superiority of the Zimbabwe National Roads Administration (Zinara)’s working relationship with Univern Enterprises (Private) Limited (Univern) have virtually affirmed the deal as one of the best private-public sector partnerships in the country. This also comes amid clear indications that the Harare-based technology firm’s tollgate, vehicle licensing and…

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Chisango appointed Ecobank chair

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HARARE – Business Fortunate Chisango has been appointed Ecobank Zimbabwe (Ecobank) chairperson. He takes over from David Whatman who stepped down after serving his term in line with the financial group’s corporate governance charter. Chisango comes on board at a time Ecobank is expected to maintain its profit levels after the bank’s post-tax profit increased…

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Mnangagwa welcomes Wec initiative

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HARARE – President Emmerson Mnangagwa says the mandate and strategy of faith community-led economic development movement, World Economic Congress (Wec), aimed at improving people’s lives was crucial for Zimbabwe’s economic growth. Wec presented its economic transformation strategy to the president during his meeting with leaders of churches in Zimbabwe which was attended by more than…

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