HARARE – The African Medallion Group (AMG)’s special coins to commemorate the African Union (AU)’s 54th anniversary have risen by 1 400 percent in value — barely two weeks after they were launched. This also comes as the Frank Buyanga-led outfit has launched at least two batches of these unique medallions — as represented by…
HARARE – Government has struck a $100 million deal with banks to rehabilitate the country’s damaged roads, Transport minister Jorum Gumbo has said. This comes as rampaging floods, which injured 128 people and displaced at least 1 985, washed away several bridges and roads in major highways in southern parts of Zimbabwe. “$14,5 million has…
HARARE – Zimbabwe’s small-to-medium enterprises (SMEs) have been urged to enhance online presence as a growth strategy. This comes as research has shown that an online presence is important for outbound marketing because it reinforces your brand and what companies offer to their target market. Social media strategist Marshall Malaba told delegates attending a Building…
HARARE – Zimbabwe’s gold earnings were up 3,4 percent in the first quarter to $275 million, after realising a 4,8-tonne output, official figures show. Data from the Reserve Bank of Zimbabwe (RBZ) attributed the earnings improvement to firming international prices. “Gold prices, however, recorded a marginal gain as the Fed later indicated a dovish approach…
HARARE – Zimbabwe’s largest sugar producer, Tongaat Hulett (Tongaat), is banking on the newly-completed Tokwe-Mukorsi Dam to increase production. “The recent completion in Zimbabwe of the Tokwe-Mukorsi Dam….will diversify the water catchment area and provide increased stability in future water supply,” the company said. The $300 million dam — with a capacity to hold 1,8…
HARARE – National Social Security Authority (Nssa) will relinquish its controlling stake in Telecel Zimbabwe (TZ) to Zarnet after three years, following a recent agreement inked to this effect, it has emerged. The State-run pension fund’s general manager Elizabeth Chitiga on Friday said Nssa and Zarnet had agreed on the deal’s terms following negotiations to…
HARARE – Listed financial services group, NMB Zimbabwe (NMBZ), has secured a $5 million credit line for on-lending to the productive sector, an executive with the group said. NMBZ chief executive Benefit Washaya (pictured) on Wednesday said the group — which last year accessed a $20 million credit line for the productive sector — was…
HARARE – Zimbabwe’s mobile and Internet transactions breached the $1 billion in March, as locals migrate to cash-lite payments on the back of acute cash shortages. Data from the central bank indicates that mobile and Internet transactions in Zimbabwe — which has been battling a cash crisis for over a year — closed the month…
HARARE – One of Zimbabwe’s largest supermarket groups, OK, says it spent close to $11 million on capital expenditure (Capex) in the year ended March 2017, as the retailer revamped and opened new branches. The group’s chief executive, Alex Siyavora, who took over from Willard Zireva, said the retailer had spent $10,9 million on expansion…
HARARE – Leading mobile telecommunications firm Econet Wireless (Econet) has unveiled an engagement programme in an effort to capacitate its business partners. The company recently hosted a channel engagement and SMEs skills training forum in Seke, where about 200 of the mobile operator’s leading channel partners who service over 4 000 Econet brand ambassadors in…
