HARARE – A Zimbabwean investment group Ktulu Nominees (Private) Limited (Ktulu) has taken up a 50 percent share in Dr Dish (Private) Limited (Dr Dish) following its recent break-up with Kwese TV. The development also comes as the digital satellite company’s new partners have unveiled plans to acquire more strategic assets – with synergistic potential…
HARARE – The Zimbabwe Revenue Authority (Zimra) said it is concerned over the country’s rising inflation which reached 3,46 percent in December last year from –0,65 percent in January 2017. “This is very worrying and could erode the benefits of all initiatives to sustain positive economic growth,” Zimra chairperson Willia Bonyongwe said. “To curb inflation,…
HARARE – Universalising telecommunication services in Zimbabwe is one of the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s key objectives, a senior official of the organisation said last Friday. In a paper presented during a media discussion forum in Kadoma on Friday, manager of the Universal Service Fund within Potraz, Hasha Myambo said the…
HARARE – National power utility, Zesa Holdings, says its losses widened to $393 million last year from a loss of $217 million in 2016. This was after the parastatal came under fire from its employees for failing to fulfil a 2012 collective bargaining agreement due to financial incapacity. “The utility posted a significant loss of…
HARARE – The Postal and Telecommunications Regulator of Zimbabwe (Potraz) said it has trained over 8 000 people in information and communication technologies (ICTs) in the last six months. Potraz director general Gift Machengete said evidence from other countries show that ICTs can contribute immensely to the national gross domestic product and the ICT sector,…
HARARE – Standard Chartered Bank (StanChart) says the opening of its relocated Avondale branch underscores the financial institution’s commitment to provide an ambient and convenient banking environment for its customers. Harton Maliki, the bank’s head of retail banking in Zimbabwe, said the relocation of the branch was necessitated by changing technological changes in the international…
MADRID – Zimbabwe’s exhibition stand ranked lowly compared to African and global counterparts at the just-ended 2018 International Tourism Fair (Fitur), with the Zimbabwe Tourism Authority (ZTA) citing poor funding towards preparations. This year, Zimbabwe exhibited at the Fair — which attracts thousands of visitors across the globe — for the tenth time, among scores…
HARARE – A management shake-up is looming at struggling agricultural concern, Ariston Holdings, as the company has failed to register any profits in the past nine years, analysts have warned. “After a string of loss-making years, Ariston is under pressure to deliver and 2018 has to be the year otherwise some management changes will have…
HARARE – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director general Gift Machengete has promised to transform the once opaque organisation into a transparent one. Machengete, who was addressing journalists at a Potraz media engagement forum in Kadoma yesterday, said it was crucial for the regulator to provide correct information to the media…
HARARE – Listed hospitality concern Rainbow Tourism Group (RTG) was this week given the nod by its shareholders to raise $22,5 million to enable the company to clear some of its debt. The groups’ shareholders voted to pass resolutions to approve a rights issue and a debenture issue. Shareholders in attendance at an extra ordinary…
