HARARE – The Civil Aviation Authority of Zimbabwe (Caaz) has conceded it is to blame for the cancelation of night flights to Harare International Airport by South African Airways (SAA). Last week, SAA cancelled evening flights from Johannesburg to Harare citing poor lighting on the airports runway and is still to resume despite the compilation…
HARARE – Zimbabwe’s credit insurance companies have been called upon to cooperate with other regional institutions to find solutions to challenges besetting the sub-Saharan regional economy, deputy Industry minister, Mike Bimha said. “May I take this opportunity to encourage Credsure and other players in the insurance sector to work in partnership with other regional institutions…
HARARE – Since it was launched over two years ago, Zimbabwe’s drive to force foreign businesses to give 51 percent of their shareholding to locals has never been especially popular with the Zimbabwean public. Just 19 percent approve of the indigenisation law, according to the latest opinion poll released earlier this month, while 78 percent…
HARARE – Newly-launched Zimbabwean budget airline Fresh Air, will finally launch its first flight on November, 2 flying between South Africa’s OR Tambo International Airport and Victoria Falls Airport. The airline’s maiden flight was in August from Johannesburg to Harare and later proceeded to Victoria Falls. The Zimbabwean-registered low-cost airline recently entered into a joint…
HARARE – Zimbabwe Stock Exchange (ZSE)-listed companies are expected to adopt the Global Reporting Initiative (Griguidelines as a way of attracting foreign investors and increase transparency. The Gri sustainability reporting guidelines are widely adopted by multinational firms, providing a template for their corporate social responsibility and environmental disclosure reports that help to make reports from…
HARARE – Zimbabwe’s mining sector is poised to grow to $561 million by 2016 buoyed largely by positive performance of gold and platinum, an international report has shown. Regarded as one of the fastest growing sectors in the economy, mining grew by 47 percent in 2009, 44 percent in 2010, 25,8 percent last year and…
HARARE – Zimbabwe Coalition on Debt and Development (Zimcodd) has called for the formation of a debt audit commission. The lobby group said the commission will carry out an audit of the country’s huge external debt, which is currently hovering over $10 billion. “We will support it as long as it will help in the…
HARARE – Econet Wireless plans to increase its mobile money transfer EcoCash outlets from the current 1 350 to more than 5 000, enabling more convenience to the transacting public. “The idea is to make sure within the shortest distance possible, one is able to cash in and out and also do payments. That way…
HARARE – The Securities Commission of Zimbabwe (SecZim) says brokerage firms have started submitting their compliance plans with its directive to register all shares held by nominees under the owner’s names. “It’s a process, it’s not a one-day event .What we are doing is receiving their plans,” SecZim chief executive Tafadzwa Chinamo said. “Most have…
HARARE – Telecel Zimbabwe has partnered the Zimbabwe Tourism Authority (ZTA) in a sponsorship deal worth over $30 000 ahead of the Sanganai/Hlanganani World Travel and Tourism Fair commencing on Thursday. Telecel’s chief executive Francis Mawindi said the agreement provides a business opportunity for both entities to showcase their products to both existing and potential…
