HARARE – Zimbabwean companies have been urged to increase their regional footprint by exploiting the potential vast business opportunities offered by Namibia. Zimtrade chief executive Sithembile Pilime yesterday told delegates at the presentation of the Namibia Market Survey in the capital that of the total trade recorded last year, Zimbabwe had exported goods worth $8,8…
MUTARE – Industry has slammed government’s seizure of a controlling stake in Telecel Zimbabwe (Telecel) in a controversial $40 million deal, saying the whole transaction reeks of double standards since the State is supposed to be the regulator and not a player. This week, the cash-strapped Zimbabwean government acquired a majority stake in Telecel for…
HARARE – Zimbabwe’s insurance industry wrote $244 million in net premiums in the quarter to September 2015, representing a 12 percent growth from $223 million realised in the comparable period last year. Figures released by the Insurance and Pension Commission (Ipec) on Friday revealed that total expenditure from 11 Life companies and two reassurance companies…
HARARE – Zimbabwe has been ranked sixth in the world as the economy with the highest number of residents with a financial account who use mobile banking, data from the World Bank’s Global Financial Inclusion Database shows. According to the World Bank (WB) figures, Zimbabwe is on sixth position with 35,6 percent account holders making…
HARARE – Zimbabwe Stock Exchange-listed diversified concern, Innscor Africa Limited (Innscor), says it is excited by opportunities presented by the Namibian market. The group’s chief executive, Antonio Fourie, told businessdaily on Friday that the pan-African conglomerate was looking at various options and will take anything that suits the company’s growth strategy. “We are excited about…
HARARE – Local construction firms are demanding a say in the implementation of multi-million mega infrastructure deals signed between Zimbabwe and other countries such as China and India. Zimbabwe Institute of Quantity Surveyors president George Mutyanda told businessdaily at the sidelines of the on-going ZimBuild Conference in Harare that local firms are well-equipped to undertake…
HARARE – In an effort to challenge conventional wisdom and create something dynamic to replace the static, public relations and advertising agencies in Africa this week met in South Africa to discuss latest trends in the industry. The conference, ending today, organised by TBWA, Magna Carta and HDI Youth Marketers Event, is the largest to…
HARARE – Zimbabwe will this month hold another Small and Medium Enterprises (SMEs) Expo on engineering, production machinery and equipment aimed at creating awareness of technologies available in the country for agro-processing. SMEs minister Sithembiso Nyoni yesterday said the expo, to run from November 26-28, 2015 at the Exhibition Park, will run under the theme…
HARARE – Zimbabwe Stock Exchange-listed cables manufacturer Cafca Holdings Limited (Cafca) says its operating profit slumped 8,3 percent to $2,4 million in the full year to September 2015 from $2,7 million in the prior year due to declining economic conditions in the country. In a statement accompanying the company’s financials for the period under review,…
HARARE – Diversified insurance giant Old Mutual says Zimbabwe’s target to have paid off its $1,8 billion arrears to its preferred creditors by April 2016 is ambitious and demands strong political will. The company’s research unit, Old Mutual Securities, said Zimbabwe still has a long way to go before servicing its debts and accessing funds…
