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Econet takes lead in use of AI

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’

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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Govt gazettes D50 price

HARARE – Zimbabwe has gazetted the retail price for Diesel 50 (D50) at $1,22 per litre as the country moves to phase out on high sulphur diesel – Diesel 500 (D500) by May 2018. Diesel 50 is a low sulphur diesel that contains 50 parts per million (ppm) sulphur, which is lower than the regular…

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‘We need to instil investor confidence’

HARARE – Oxlink Capital will tomorrow host an investment conference whose aim is to provide a platform for potential investors, business and government to come up with ways to increase the flow of investment into the country. The conference is coming a week after Zimbabwe hosted the Zimbabwe Mining Indaba where International investors got a…

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ZSE falters in month opening session

HARARE – The Zimbabwe Stock Exchange (ZSE) faltered as it opened with a total market capitalisation of $8,7 billion after shedding 1,19 percent in the week of March 2, 2018. Indices slipped back into the red on the first day of the new month except for the Mining Index which was constant at 124,91 points….

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RBZ issues savings bond

HARARE – The central bank is issuing a seven percent per annum savings bond in a move aimed at providing investors with a platform to save and invest in high yielding instruments. According to a statement by the Reserve Bank of Zimbabwe (RBZ), the bond is open to individuals, companies, pension and provident funds, life…

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Zimplow in $300K dividend

HARARE – Listed agricultural manufacturing counter, Zimplow, has declared a $300 000 dividend for the year to December 31, 2017 after embarking on a successful restructuring excursive. This is the firm’s first dividend following three years of turbulence as the firm has been recording losses since 2013. Zimplow company secretary Maxwell Chinorwadza said the 0,13…

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Ex-Vodacom exec appointed NetOne CEO

HARARE – State-run mobile network operator, NetOne, has appointed former Vodacom executive Lazarus Muchenje as its new chief executive with effect from April 1, 2018. He takes over from Brain Mutandiro, who has been acting since June 2016 after the then CEO Reward Kangai was suspended the previous month for three months as the operator…

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MBCA record $7,8 million profit

HARARE – MBCA Bank reported a 40 percent increase in profit after tax to $7,8 million for the year to December 31 2017 from $5,6 million recorded in 2016. The Nedbank subsidiary said the profit was achieved due to a 19 percent rise in non-interest income supported by increased volume of transactions on new products…

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ZITF 2018 preps gather momentum

BULAWAYO – The Zimbabwe International Trade Fair (ZITF) will this week hold Exhibitor Master Classes in both Harare and Bulawayo as preparations for this year’s edition of the annual multi-sectorial business expo gathers momentum. In its second year running, the Exhibitor Master Class is a stakeholder responsibility programme by the ZITF meant to ensure that…

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