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Business

NBS Rolls Out SMEs Value Chain Financing Suite

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 […]

RBZ Blacklists Illegal Forex Dealers

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 […]

Hospitality Sector On The Rebound

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 […]

Monthly Inflation Up 4.7 Percent In September

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 […]

Voice, Data And SMS Telecom Tariffs Up

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 […]

Stage Set For Harare Agric Show

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 […]

Caledonia To Acquire Maligreen Mining Claims

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 […]

Zimplow Issues Caution On Its Shares

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 […]

Liquid & Google partner to bridge digital divide between Brazzaville & Kinshasa

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 […]