Business

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…

HARARE – An International Christian economic alliance movement, Marketplace Calling International (MCI), is planning to establish a financial services institution to fund development in Africa. MCI founder Zienzile Dillion shared the vision with some key members of the clergy and business leaders at a business networking and empowerment forum hosted by the organisation in the…

HARARE – One of Zimbabwe’s largest lithium producer, Prospect Resources (Prospect), has established a laboratory complex in Kwekwe aimed at enhancing production of lithium carbonate.  Hugh Warner, Prospect chairperson said the latest development is a significant achievement for both the company and Zimbabwe. “Producing high grade battery quality lithium carbonate that exceeds industry norms bodes…

HARARE – The Diaspora Infrastructure Development Group (DIDG), which won the $400 million National Railways of Zimbabwe (NRZ) recapitalisation tender jointly with Africa’s largest rail company, Transnet, is mulling investing in various sectors of the economy. DIDG chairperson Donovan Chimhandamba said the delivery of railway equipment last week to NRZ was “just the beginning” as…

HARARE – Zimbabwe’s insurance sector is set for a rebound following rising investor confidence in the country after the inauguration of a new government late last year, market experts have said. The southern African country is currently enjoying a breath of fresh air following the ascendency of President Emmerson Mnangagwa — who is generally viewed…

HARARE – ICT minister Supa Mandiwanzira’s recent ultimatum to the country’s mobile network operators to find a way to make all their mobile money platforms work together raises more questions than answers. Interoperability is still in its nascent stages in Africa and it is believed that when implemented it is a catalyst for growth in…

HARARE – Microfinance institution, GetBucks, said it has recorded a net profit of $2,58 million for the six months ended December 2017, showing a 51 percent increase from last year. GetBucks chairperson Glovah Madzima said the above market expectation result was achieved through increased interest income of $4,96 million from $4,38 million in the prior…

HARARE – Zimbabwe’s largest telecommunication’s company by subscriber and asset base, Econet Wireless, has declared a dividend of $50 million in the nine months to November 2017. This was after the group yesterday announced a dividend of 0,9379 US cents per share for the third quarter ended November 30, 2017, bringing the total dividend to…