HARARE – Listed diversified group ART Corporation (ART) profit after tax in the year to September 2017 went up by 42 percent to $2,9 million from $1,7 million in the same period last year, largely driven by improved business across its business units. The group’s chairperson Thomas Wushe on Tuesday said Art’s batteries division achieved…
HARARE – Deputy Finance minister Terrence Mukupe says the country’s economic policies and regulations are not cast in stone and can be changed to suit investor expectations. The seasoned banker said the recent pronouncements on the indigenisation policy were enough evidence that Zimbabwe is open to business and willing to engage with both local and…
HARARE – Business confidence in Zimbabwe was at an all-time low in the third quarter as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a Confederation of Zimbabwe Industries latest survey shows. The composite business confidence index for the third quarter of 2017 stood at -29,6 for…
HARARE – Top Harare lawyer Gerald Mlotshwa has emerged as the sole and beneficial owner of Empowerment Corporation (EC)’s 40 percent stake in Telecel Zimbabwe (Telecel) after his partner George has reportedly opted out. The development not only comes as James Makamba’s return was expected to help resolve some lingering shareholder issues at the empowerment…
HARARE – Indian ambassador to Zimbabwe Rungsung Masakui said his country is ready to invest in the country’s agriculture and small to medium enterprises (SMEs) sector. “Though India is a food self-sufficient country, we do import huge amount of agriculture products such as lentils, and oil seeds among others,” he said at a Zimbabwe India…
HARARE – A top commercial lawyer Gerald Mlotshwa has emerged as the sole and beneficial owner of Empowerment Corporation (EC)’s 40 percent stake in Telecel Zimbabwe (Telecel) after his partner George Manyere has bowed or opted out. The development not only comes as James Makamba’s return is expected to help iron out some lingering shareholder…
HARARE – Afrasia Bank Zimbabwe (AfrAsia) judicial manager Regie Saruchera says the current liquidity crisis in the market is affecting liquidation of the defunct financial institution. “In reference to our last update which anticipated a dividend payout during the second half of 2017, we would like to update that, legal proceedings and the illiquid market…
HARARE – Zambian firm, United Chemolide, which specialises in the installation of booster pumps, design of water management systems as well as water rehabilitation and reticulation schemes, is gearing itself for the Zimbabwean and Sadc markets. In an interview with the businessdaily early this week, the company’s managing director Ashrok Patel said his organisation has…
HARARE – The Postal and Regulatory Authority of Zimbabwe (Potraz) has intensified its efforts to fight against the abuse of customer’s rights and privileges by telecommunication companies. Potraz deputy director-general Alfred Marisa said consumers of telecommunications services deserve to get value for their money and be treated as very important stakeholders in the scheme of…
HARARE – CBZ Holdings has mobilised resources aimed at empowering the Zimbabwe Parks and Wild Life Management Authority (ZimParks) to promote sustainable wildlife management. The financial institution’s acting chief executive Peter Zimunya said the $2 500 donation will enable ZimParks to conduct nationwide conservation education wildlife clubs in schools. “Our smart partnership with ZimParks will…
