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Econet barred from increasing tariffs

ECONET Wireless (Pvt) Ltd mobile subscribers got a reprieve after the Administrative Court stopped the firm's bid to increase tariffs as clients are already reeling from high charges. Econet wanted to...Read more

Econet barred from increasing tariffs

25 November 2015 | 1886 Views
ECONET Wireless (Pvt) Ltd mobile subscribers got a reprieve after the Administrative Court stopped the firm's bid to increase tariffs as clients are already reeling from high charges. Econet wanted to...

by Fidelis Munyoro

Bond coins gain popularity as Rand weakens

24 November 2015 | 2584 Views
Some traders have stopped accepting the South African rand in favor of bond coins in Zimbabwe's multi-currency economy as the rand continues losing value against the U.S. dollar, according to a report...

by Dana Sanchez I AFKInsider newsletter

Econet shuts down, auctions subsidiary

24 November 2015 | 4818 Views
ECONET Wireless Global (EWG) has shut down and put on auction its water purifying company, Seldon Technologies, in a move blamed on negative economic performance. EWG is the holding company of the cou...

by Oliver Kazunga

Australia refuse to clear Zimbabwe to attend 2017 KPCS meetings

21 November 2015 | 2066 Views
Zimbabwe and Australia have reached a deadlock over the participation of the African country when the western nation assumes the Kimberly Process Certification Scheme (KPCS) chairmanship in 2017.&...

by Staff reporter

Lucky Telecel subscriber wins a house

19 November 2015 | 3009 Views
A lucky Telecel subscriber was presented with the keys to a brand new house after winning one of the three houses in Telecel's Win A House promotion which is offering three new houses as grand prizes ...

by Agencies

Steward Bank targets 250 000 new accounts

19 November 2015 | 2894 Views
Steward Bank is opening at least 200 new accounts per day and is targeting 250 000 new accounts as it rolls out more agency banking outlets aimed at reducing costs. This comes as the bank ...

by Staff reporter

Telecel Zimbabwe sold to government's Zarnet

18 November 2015 | 3052 Views
VimpelCom today announced that its 51.9%...

by Staff reporter

Bulawayo Chicken Inn drive-through under construction

17 November 2015 | 2973 Views
INNSCOR'S fast foods division has invested $900,000 in setting up a Chicken Inn drive-through service in Bulawayo.The new outlet is under construction and will be opened next month, Innscor ma...

by Brighton Gumbo

Bulawayo lobbies for bond market headquarters

16 November 2015 | 3001 Views
AS efforts to revive the bond market in Zimbabwe gather moment, Bulawayo businesses are lobbying that the debt market be headquartered in the second largest city.A bond market is a regulated f...

by Prosper Ndlovu

ZB Holdings to push up the uptake of its cluster houses

16 November 2015 | 1454 Views
ZB Financial Holdings Limited is seeking partnerships with real estate agents to push up the uptake of its cluster houses in Hatfield. The housing units range between $122 000 to $135 000 acce...

by Staff reporter

CCZ ask Zera to allow street corners gays dealers

16 November 2015 | 2498 Views
Despite the alarming rates of gas cylinders explosions on the residential and business central districts which sometime inure the people, Consumer Counsel of Zimbabwe has said the street corner gas de...

by Stephen Jakes

Econet disconnects 1 million subscribers

16 November 2015 | 4693 Views
The country's largest mobile operator, Econet Wireless Zimbabwe, has disconnected one million unregistered lines.The lines were disconnected last week.Sources privy to the goings-on sa...

by Lovemore Meya

Cimas opens dental clinic in Milton Park

13 November 2015 | 2011 Views
Cimas Medical Aid Society has opened a dental clinic in Harare's Milton Park suburb. It is the first such clinic to be opened by Cimas, which operates nine primary healthcare clinics in different ...

by Staff Reporter

Safeguard Bulawayo comes tops in Megafest Business Awards

13 November 2015 | 1044 Views
Safeguard Bulawayo was presented with the 2015 Business Excellence Award at the Bulawayo and Southern Region Megafest National Business Awards. The company's managing director for the Bulawayo...

by Mike Hamilton

PepsiCo franchisees sets up base in Zimbabwe

13 November 2015 | 3272 Views
A ground breaking ceremony for a beverages factory to be set up in Zimbabwe has been held in Harare's Adbernie light industries area.Work on the beverage manufacturing plant initiated by Varun...

by Staff reporter

Govt, NSSA in tussle over Vimpelcom 60% shares in Telecel

13 November 2015 | 2170 Views
Zimbabwe government was recently engaged in hot tussle with the National Social Security Authority (NSSA) over the Vimpelcom 60% shares which were up for grabs in the Telecel Zimbabwe Company....

by Stephen Jakes

Zimbabwe government takes over Telecel

13 November 2015 | 2899 Views
Government has seized control of Telecel Zimbabwe after concluding a $40 000 million deal to take over the country's third largest mobile operator by buying out international telecommunications gi...

by Staff reporter

Zimbabwe business rejects SA rand

13 November 2015 | 3387 Views
SOME businesses in Bulawayo and Gweru are no longer accepting South African rands due to its continued weakening against the United States dollar. The development has created inconveniences fo...

by Pamela Shumba and Patrick Chitumba

Declining volumes dent Delta's profits

12 November 2015 | 1320 Views
Beverages producer Delta Corporation has reported a 19 percent decline in after tax profit to $35,7 million for the half-year to September 30 on the back of declining volumes across all its segments....

by Staff reporter

Samsung sets base in Zimbabwe

12 November 2015 | 3638 Views
International electronic firm, Samsung, has begun production of television and refrigerator sets in Zimbabwe. The company's country manager, Gavin Claire, confirmed the development but cou...

by Staff reporter

South African lender Nedbank expands its footprint in Zimbabwe

11 November 2015 | 3873 Views
South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing up to determine if it can avail more funding facilities for on-lending...

by Tawanda Karombo

Telecash subscribers to receive money instantly and directly from diaspora

10 November 2015 | 2536 Views
Telecel Zimbabwe has announced that it has been granted authority by RBZ to receive incoming international remittances directly into subscribers' Telecash wallets and will be working with Mukuru to im...

by Staff Reporter

BCC to host SA business delegation

09 November 2015 | 2162 Views
Bulawayo City council will this year host a delegation from South Africa to explore opportunities for business engagement with the neighbouring nation.This was revealed through the latest coun...

by Stephen Jakes

South African rand kicked out of Zimbabwe

08 November 2015 | 14251 Views
The South African rand is being elbowed out of the market on the backdrop of its depreciation against the United States dollar.The rand is part of the multicurrency regime embraced by governme...

by Staff reporter

Zimbabwe retail outlets reject rand coins

08 November 2015 | 2813 Views
THE country's monetary authorities - the Reserve Bank of Zimbabwe - last week noted that they currently hold bond coins worth $1 million in their vaults and the money can easily be deployed in the mar...

by Africa Moyo and Darlington Musarurwa

Choppies Zimbabwe to open 5 more stores by year-end

06 November 2015 | 3837 Views
Retail giant Choppies Enterprises Zimbabwe says it is targeting to open five more supermarkets across the country before yearend.The group opened two supermarkets in Warren Park and Mabvuku th...

by Funny Hudzerema

Khaya Moyo urges private sector to leverage on call centres to create jobs

06 November 2015 | 2051 Views
Government has called upon the private sector to invest in call centres so as to create more jobs within the economy.A call centre is basically a facility that is equipped to handle large amou...

by Staff reporter

Toyota recalls 85 cars from Zimbabwe over defects

06 November 2015 | 3415 Views
Toyota Zimbabwe is set to recall 85 units that have been found to have the glitch plaguing the car giant across the globe. This comes following a global recall of 6,5 million vehicles, mad...

by Staff reporter

Potraz to review licensing framework

06 November 2015 | 697 Views
The Postal and Telecommunications Regulatory Authority of Zimbabwe says the current service specific licensing framework is being reviewed because the obsolete regime stifles growth of the industr...

by Staff reporter

Masawara rakes in $6.1m profit

06 November 2015 | 1188 Views
Investment company, Masawara Plc, said first half profits increased by 38.6 percent to $6.1million from $4.4 million due to a stellar performance by its subsidiary TA Holdings Limited. The...

by Staff reporter

French oil giant injects $20 million into Zimbabwe

05 November 2015 | 2986 Views
French Oil and gas company Total Zimbabwe has invested more than US$20 million over the last three years to strengthen its business in Zimbabwe. The company's managing director Chris Onkon...

by Staff reporter

Econet to discontinue its philanthropic project

05 November 2015 | 3876 Views
ECONET will discontinue its philanthropic project to train young people in computer skills before the company has barely achieved half the initial set objectives due to budgetary concerns.At l...

by Staff reporter

RBZ has enough bond coins: Mangudya

04 November 2015 | 2171 Views
Reserve Bank of Zimbabwe Governor John Mangudya says the central bank has enough bond coins to cater for increased demand due to the cross-rating of rand coins. This comes as the Passenger...

by Staff reporter

Jericho becomes Zimbabwe's first ever $15 million agency

03 November 2015 | 3689 Views
We are delighted to announce that our Agency has now become the first ever Zimbabwean agency in history to breach the US$15 million mark in billings with two months to go to the end of the year....

by Staff reporter

flyafrica Namibia Launches Windhoek-Cape Town!

03 November 2015 | 1861 Views, Africa's Low Fare Airline, successfully launched its inaugural Windhoek to Cape Town flight on Monday 2 November with the on time departure of N6 347 from Windhoek at 10:55AM. The retur...

by Staff Reporter

Telecel hauls three awards at Service Excellence Awards ceremony

03 November 2015 | 1486 Views
Telecel Zimbabwe has won three awards during the recent Contact Centre Association of Zimbabwe, CCAZ, Service Excellence Awards, the awards were for 1st prize Customer Service Executive of the Year, 1...

by Staff Reporter

Former employee accuses OK stores of refusing to pay him his dues

03 November 2015 | 2929 Views
A former till operator with the Ok Zimbabwe Stores in Bulawayo has accused the chain store for refusing to pay him  his outstanding packages after he resigned from work.The former worker,...

by Stephen Jakes

Marvo workers angry against management

03 November 2015 | 1832 Views
Marvo Stationery workers have expressed concerns over the manner in which they are being treated by the Company.They said it is now clear to us that Soul Mashamba is sabotaging the company on ...

by Stephen Jakes

Zimbabwe has potential to build call centres to attract $100 million in FDI

03 November 2015 | 1623 Views
CCAZ says Zimbabwe has the potential to build a call centre industry contributing $100 million in foreign direct investment (FDI). This comes after the call centre industry is on a rebound...

by Staff reporter

State enterprises cited a the missing link

03 November 2015 | 1325 Views
Zimbabwe's 78 state enterprises and parastatals have been cited as the missing link in fostering economic growth as they are riddled with huge debts.The enterprises continue to bleed the fisc...

by Staff reporter

Zimbabwe parastatals told to stop blaming sanctions

02 November 2015 | 1716 Views
The perennial loss making and unrepentant state owned enterprises have been warned to stop making unjustified excuses for their dismal performances.According to corporate governance expert...

by Staff reporter

Zimbabwe diamond firms face closure

02 November 2015 | 1954 Views
The government is unlikely to renew mining licences for all diamond mining companies in Chiadzwa because they defaulted on their fees and did not show intentions to renew their papers, parliamentarian...

by Lloyd Gumbo

Zimbabwe produces 2,2 million diamond carats in 3 months

01 November 2015 | 2487 Views
The pre-budget seminar for parliamentarians entered its second day with government revealing that over 2,2 million carats of diamonds were produced by the end of the third quarter.3,36 million...

by Staff reporter

5% airtime tax, government urged to re-think

01 November 2015 | 1947 Views
Telecommunications operators are engaging government for the removal of the five percent duty on airtime sales which they argue is putting pressure on the performance of the sector.The five pe...

by Staff reporter

Zimra misses target

01 November 2015 | 1365 Views
The Zimbabwe Revenue Authority (ZIMRA) has missed its third quarter revenue target by about nine percent.ZIMRA had set a target to collect US$964 million in the third quarter but managed US$87...

by Staff reporter

7 500 Zimbabwean tax cheats hide millions

01 November 2015 | 2231 Views
At least 7 500 tax evaders have prejudiced Treasury of millions of dollars in unremitted dues since introduction of the multi-currency system in 2009.This emerged when the Zimbabwe Revenue Aut...

by Lincoln Towindo

Four arbitrators appointed to bring sanity at PSMAS

30 October 2015 | 1870 Views
THE deputy minister of Public Service. Labour and social Services Tapiwanashe Matangaidze has said government recently appointed four arbitrators to bring sanity at the troubled Premier Service Medica...

by Stephen Jakes

fastjet completes first Zimbabwe flight

29 October 2015 | 2918 Views
A budget airline Fast Jet Zimbabwe has launched the Harare-Victoria Falls route in a move set to promote domestic tourism in the country.The introduction of the flight is expected to impro...

by Staff reporter lays criminal charges against Zimbabwe Partners

29 October 2015 | 4112 Views has allegedly unearthed serious fraud and theft charges totalling in excess of $140,000 USD against a family member of its local partner in flyafrica Zimbabwe.The airliner's Chie...

by Stephens Jakes

Zimbabwe moves up 'Ease of Doing Business' rankings

29 October 2015 | 1243 Views
Zimbabwe is still to improve on the World Bank's Doing Business survey in spite of recording two positive reforms under the new calculated methodology.The World Bank report shows that Zimbabwe...

by Staff reporter

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