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…
HARARE – Financial services group GetBucks is back on the market to raise an additional $15 million through debt instruments. This was after the company last month raised $5 million in its debut bond on the Zimbabwe Stock Exchange as part of its strategies to raise $30 million through debt security. “The issuer to issue…
HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) has raised nearly $110 million earmarked for constructing residence for university students and employees. The bank yesterday said $75 million will go towards construction of superstructures for student halls of residence at five State-owned universities while over $32 million will go towards the construction of houses…
HARARE – The Reserve Bank of Zimbabwe (RBZ) has taken over the production of diamonds in the country in an effort to promote transparency in the sector. This comes as the Zimbabwe Consolidated Diamond Company (ZCDC), which was formed last year after government expelled all diamond miners in Marange, has failed to deliver. Official government…
HARARE – International farming implements manufacturer, Case IH, has showcased its full line of equipment at the biggest demonstration event ever held by a single company in Zimbabwe. The event – unprecedented in Zimbabwe for its scope, scale and execution – showed the value of advanced farming practices and the brand’s highly efficient equipment, and…
HARARE – Zimbabwe National Roads Administration (Zinara) income will now be exempt from income tax, Finance minister Patrick Chinamasa said. In General Notice 274 of 2017 published in the Government Gazette of May 19, 2017, the Treasury chief announced that in terms of the Third Schedule of the Income Tax Act, the statutory board was…
HARARE – Zimbabwean banks say adopting the South African rand will not help solve the country’s economic challenges. Addressing delegates at the two-day Financial Markets Indaba in Harare last week, Barclays Bank Zimbabwe managing director George Guvamatanga said more has to be done to solve the current liquidity crunch. “Adopting the rand is not the…
HARARE – Zimbabwe’s mining industry revenue is set to reach $3 billion this year, from $2 billion in 2016, as revenues from chrome mines whose exports had been previously banned consolidates sharp rises in other metals, Mines minister Walter Chidakwa has said. The minister revealed this as official statistics showed sharp rises in mineral revenue…
HARARE – Zimbabweans need to abandon their cash mentality and migrate to cash-lite transactions, the same way the country dumped the cheque system, a Cabinet minister said. Information Communication Technology (ICT) minister Supa Mandiwanzira said Zimbabweans — who have been battling an acute cash shortage for over a year — needed to warm up to…
HARARE – The African Medallion Group (AMG) is next week expected to launch another batch of its gold medallions to commemorate the African Union (AU)’s 54th anniversary, officials say. This also comes as debate over the use of these bullion coins as a future currency and the need for greater beneficiation of the yellow metal…
