ECOCASH’S popular ‘Chakachaya paEcoCash Promotion’ is back with a bang. The promotion — which has over the years given out prizes worth millions of dollars — is this year running until July 25 and is promising to reward over 150 000 customers who transact in US$ or ZiG using the EcoCash platform during the duration…
STATE-owned mobile operator, NetOne Cellular, is planning on constructing a 300-acre smart city in the capital. In a notice published in the Government Gazette on Friday, NetOne said the proposed smart city to be constructed in Cleveland, along Arcturus Road, was also meant to monetise the telecommunication’s company’s land.“NetOne Cellular is calling for expressions of…
A TOTAL of 42 digital innovators last week received free training in business entrepreneurship from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). The learners were trained in skills on how to drive economic growth and development under the ‘Improve Your Business’ programme. The training programme is also for the digital innovators after undergoing…
ZIMBABWE has introduced new requirements for companies with offshore or multinational affiliates, mandating changes in their processes to allow the tax authority to verify the legitimacy of invoices and transactions before an audit’s conclusion. This measure aims to mitigate Base Erosion and Profit Shifting (BEPS), a practice where multinational corporations manipulate profits to transfer them…
ONE of the country’s leading financial institutions, ZB Holdings, has declared a final dividend for its shareholders for the year ending December 31, 2023. In its latest financial results, ZB Holdings acting board chairperson Agnes Makamure said the board had declared a final dividend of ZW$1 472.22 and US0.56 per share for the period under…
FINANCIAL services institution, Stanbic Bank, last year availed US$100 million towards the mining sector. Stanbic Bank chief executive Solomon Nyanhongo told attendees at the recently-held Chamber of Mines event that the institution has supported several mining projects from inception, providing tailored financial solutions that enable their projects to overcome significant hurdles. “In 2023 alone we…
GOVERNMENT has extended the winter wheat planting season by two weeks with an intention to meet its 120 000 hectares target this season. Speaking to Daily News on Monday, permanent secretary of Lands ministry Obert Jiri said that they had extended the wheat planting season so that every farmer would be able to plant. “We…
THE Medicines Control Authority of Zimbabwe (MCAZ) has signed a Memorandum of Understanding (MoU) with the Republican Unitary Enterprise Centre for Examinations…
STEWARD Bank, Zimbabwe’s largest bank by depositors, has reported a 111 percent surge in inflation-adjusted nonfunded income, reaching $745 billion for the fiscal year ending February 29, 2024. This impressive performance was driven by significant growth in foreign currency generation. Despite tighter liquidity conditions leading to a 37 percent decline in net interest income to…
ZB Financial Holdings yesterday launched the inaugural small and medium enterprises (SMEs) expo in Bulawayo aimed at empowering entrepreneurs in a bid to unlock the full potential of the SME sector in Zimbabwe. Speaking at the launch, guest of honour, Bulawayo Chamber of SMEs chairperson Coustine Ngwenya said the expo, running under the theme “Accelerating…
