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The National Building Society (NBS) has launched a Value Chain Financing Suite service to Zimbabwean SMEs, inviting them and entrepreneurs to open an account with the society and offers three account classes: silver, gold and platinum. Speaking at the official launch, the NBS Head of Marketing Miss Mildret Kujinga said the society is in […]
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has identified and blacklisted 30 people allegedly involved in illegal foreign currency trading using mobile phones and social media platforms. The FIU instructed banks, mobile money operators and other financial service providers to identify and freeze any accounts operated by the blacklisted individuals and, further, to […]
Players in the country’s hospitality industry are gradually recovering from the impact of the COVID-19 pandemic which had practically brought the sector to a standstill due to international movement restrictions. The year 2020 was a difficult year for hoteliers after President Emmerson Mnangagwa twice announced hard lockdowns last year and another beginning of this year […]
September inflation soared 4.73 percent, the highest price movement since January this year as the local currency continues to lose ground against the American dollar. The Zimbabwe dollar has been depreciating rapidly during the past few weeks on the parallel market, a development that has led to price hikes of goods and services as businesses […]
The Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has granted telecom operators the go ahead to increase out-of-bundle tariffs by an average of 30% as the industry continues to battle rising input costs. State-owned mobile network operator NetOne was the first to adjust its charges on Sunday (September 26) while Econet Wireless Zimbabwe and […]
All is now set for the commencement of the Harare Agricultural Show this Tuesday with the official opening slated for Thursday. The show will open to the public on Thursday till Saturday with the traditional festivities lined up although proof of COVID-19 vaccination will be required or be subjected to a free, instant COVID-19 test […]
New York stock exchange listed Caledonia Mining Corporation has spread its wings from its Gwanda-based Blanket mine after agreeing to purchase Maligreen project owned by Pan African Mining (Private) Limited. Maligreen project is located in the Gweru mining district, Midlands. The gold producing company is set to acquire the claims from the privately-owned Zimbabwean company […]
Engineering concern, Zimplows has issued a cautionary statement to its shareholders and the investing public with the company currently in negotiations for a deal that may affect its Zimbabwe Stock Exchange share price. The group did not however reveal the nature of the transaction. “Shareholders are advised that Zimplows Holdings Limited is in discussions regarding […]
JOHANNESBURG – Liquid Intelligent Technologies (Liquid) has partnered Google to connect the cities of Brazzaville, in the Congo, and Kinshasa, in the Democratic Republic of Congo (DRC), with high-speed internet via a technology that uses beams of light. The novel idea, code-named Project Taara, and handled by with Alphabet X (formerly Google X) in partnership […]
BULAWAYO – Diversified fintech giant Cassava Smartech Zimbabwe Limited, which is now rebranding as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year’s Zimbabwe International Trade Fair (ZITF) where it has put up a state-of-the-art stand bringing together all its business units and brands. Although attendance at this year’s edition of the ZITF is somewhat […]