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Leading mobile telecommunications company, Econet Wireless Zimbabwe saw traffic volumes for all its communication platforms- voice call, data and short message service (SMS) plummet owing to an upward tariff adjustment put in place last October. In its latest trading update for the nine months to November 2019, the company endured a traffic decline in voice […]
The Zimbabwe Stock Exchange (ZSE) is set to host the 57th committee of the Southern African Development Community (SADC) Stock Exchanges- CoSSE, from the 11th to the 13th of March in Victoria Falls, 263Chat Business has learnt. Representatives from the sub-region’s bourses will also have a meeting with Stockbrokers to discuss developments and foster mutually […]
Month-on-month inflation for December as measured by the all items Consumer Price Index (CPI) was 0.91 percent slower than the previous month of November closing at 16.55 percent, latest data from Zimbabwe National Statistics Agency (Zimstat) shows. The CPI for the month ending December 2019 stood at 551.63 compared to 473.28 in November 2019. Month-on-month […]
An improvement in electricity supply in the quarter ending December 31, 2019 has seen Caledonia Mining Corporation Plc recording 24 percent growth in gold production at its Blanket Mine. According to the company, approximately 16,876 ounces of gold were produced during the quarter, exceeding the previous production record of 16,425 ounces set in the final […]
GOVERNMENT has come under scrutiny after its statistics in the pre-budget strategy paper failed to tally with those in the 2020 national budget and the blue book. By Tarisai Mhlanga In its analysis of the 2020 national budget, the Zimbabwe Coalition on Debt and Development (ZIMCODD) said the statistical variations were worrying. “In the recent […]
Business leaders and influencers from across the African region are expected to shape the scope of doing business in the region when they converge in the resort town of Victoria Falls for the seventh edition of the CEO Africa Roundtable from the 18th to the 21st of March. With a total of 450 delegates comprising […]
The week opening coincided with the start of business in the New Year and as expected, it opened on a lukewarm note as most companies are yet to operate at full throttle with momentum expected to gain in the coming week. However, notable was the resurgence of the fuel queues and in particular, petrol shortages […]
The African Development Bank (ADB) has poured a total of US$ 10.4 million towards the Tax and Accountability Enhancement Project (TAEP) to be implemented by the government of Zimbabwe to strengthen revenue collection and accountability in the management of public funds. The project is targeting three institutions, the Zimbabwe Revenue Authority (ZIMRA), Parliament of Zimbabwe […]
Telecommunications giant, NetOne is bullish of its prospects in 2020 on the back of a host of promotions lined-up for its customers during the course of the year, 263Chat business can report. The country’s second biggest telecoms firm by subscriber base, gained 1.4 percent market share to reach 3.042 million customers third quarter 2019. The […]
Villagers in the lower parts of Chipinge district have embarked on a massive commercial extraction of sand from the Save river as community resilience in the wake of successive droughts have weakened, forcing many to scrap a living in this unconventional trade. The first half of the farming season is almost over yet very little […]