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Econet targets Beitbridge for 4G LTE

Telecommunications giant Econet Wireless Zimbabwe says its next stop for fourth generation 4GE Long-Term Evolution (LTE) network will be Beatrice.Group chief executive officer Douglas Mboweni ...Read more

Econet targets Beitbridge for 4G LTE

17 April 2014 | 314 Views
Telecommunications giant Econet Wireless Zimbabwe says its next stop for fourth generation 4GE Long-Term Evolution (LTE) network will be Beatrice.Group chief executive officer Douglas Mboweni ...

by Staff reporter

Iranians abandons Zimbabwe project

16 April 2014 | 2697 Views
Chitungwiza based textile manufacturer, Modzone Enterprises, closed shop in 2012 after its Iranian shareholders stopped investing in the firm as they were not recouping anything from the venture, an o...

by Staff reporter

Air Zimbabwe flies with less than 30 passengers aboard

16 April 2014 | 3835 Views
Air Zimbabwe (AirZim) is struggling to break even on its Harare-Johannesburg-Harare route amid disclosures that one flight on March 29 had less than 30 passengers aboard.The airline was using ...

by Staff reporter

Lack of skills hound Zimbabwe companies

15 April 2014 | 2371 Views
Zimbabwean companies have continued to suffer as a result of the brain drain which saw the most skilled employees leaving the country for greener pastures in the past decade....

by Staff reporter

Largest supermarket in Zimbabwe opens its doors

15 April 2014 | 7242 Views
The largest supermarket in Zimbabwe by size, Horizon Ivato, will be further expanded to include a fresh produce store and have prices of regionally-produced goods slashed to stay relevant in the ...

by Staff reporter

Bulawayo hotels fully booked for ZITF

15 April 2014 | 1976 Views
With about a week to go before the start of the Zimbabwe International Trade Fair, most hotels in Bulawayo are reported to be fully booked for the duration of the annual trade showcase.In an i...

by Staff reporter

Total Zimbabwe begins T-Air stations rollout

14 April 2014 | 4331 Views
Total Zimbabwe, one of the leading energy supply company in Zimbabwe, has launched the new T-Air station model in Harare.The new T-Air station, the first of its kind in Zimbabwe, has been ini...

by Staff reporter

More company closures loom in Zimbabwe

13 April 2014 | 3431 Views
GOVERNMENT's failure to pay suppliers for goods and services rendered will continue to result in more company closures for the next three years, delegates at the Zimbabwe Accountants Conference h...

by Staff reporter

Telecel slashes call tariffs by 37% across all networks

13 April 2014 | 1398 Views
Telecel Zimbabwe has unveiled a pre-paid service platform that will discount call tariffs by as much as 37 percent across all networks.The service, Telecel Go, which significantly reduces call...

by Staff reporter

Chinese take more space at ZITF

13 April 2014 | 1155 Views
China is the largest foreign exhibitor at this year's edition of the Zimbabwe International Trade Fair (ZITF), which is expected to attract more participants compared to previous years. Chinese exhibi...

by Business Reporter

Zesa increasing number of pre-paid electricity token vendors

12 April 2014 | 2748 Views
Zesa Holdings is increasing the number of vendors selling pre-paid electricity tokens from three to eight next month. The power utility will also introduce scratch cards and enable consumers t...

by Staff Reporter

South Korean companies keen to invest in Zimbabwe

12 April 2014 | 1902 Views
South Korean companies are keen to invest in Zimbabwe and strengthen the bilateral relations existing between the two countries, outgoing Seoul ambassador to Harare Mr Kwang-Chul Lew said yesterday. ...

by Staff Reporter

Telecel Go removes boundaries, reduces cost of calls to all networks

11 April 2014 | 3832 Views
Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly below the reg...

by MHPR

Domino's Pizza heads for Zimbabwe

11 April 2014 | 3523 Views
One of the leading global pizza brands, Domino's, will soon be available in the country after South Africa-based Taste Holdings signed a 30-year master franchise agreement with Domino's Pizza Interna...

by Mernat Mafirakurewa

Telecel network coverage increase to 85%

10 April 2014 | 1926 Views
TELECEL Zimbabwe network coverage has increased by 35 percentage points to 85 percent since Zimbabwe's economy was dollarised in 2009. According to Telecel, which has invested over $50 million...

by Paul Nyakazeya

Zimbabwe allocates LTE spectrum for operators

10 April 2014 | 1915 Views
Spectrum has been allocated to Zimbabwean telecom companies that want to run LTE enabled broadband networks, the local regulator has confirmed.This move by the Posts and Telecommunications Reg...

by Staff reporter

Econet contributes $900m to economy since 2009

10 April 2014 | 1448 Views
Econet Wireless has contributed a cumulative $900 million to the local economy, an official has said.Speaking during the tour of Econet's premises in Graniteside and Willowvale by Parliamentar...

by Staff reporter

Delta Beverages revenue decline 9%

10 April 2014 | 1429 Views
Delta Beverages recorded a 9% decline for the fourth quarter and nearly flat for the full year attributable to the slowdown in consumer spending and weak economic activity. The total beverage volum...

by Business reporter

Zimbabwe's US coins deal collapses

10 April 2014 | 4418 Views
ZIMBABWE'S plans to import coins from the United States to alleviate the shortage of coins for small denomination change has collapsed, meaning the country will continue to depend on South African ra...

by Staff reporter

TelOne digitalisation moving at a snail's pace

10 April 2014 | 911 Views
TELONE'S digitalisation of the Gweru Exchange Centre and the rollout of its fibre network is moving at a snail's pace due to failure by customers to settle their bills.The fixed telecommunications op...

by Lovemore Zigara

Westerners launch fresh bid to block sale of Zimbabwe diamonds

10 April 2014 | 2267 Views
WESTERN countries have launched a fresh bid to block the sale of Zimbabwe diamonds using the Organisation for Economic Co-operation and Development, sources close to the Dubai Diamond industry have co...

by Staff Report

Zim to compensate Beitbridge Border Post contractor

09 April 2014 | 2125 Views
Zimbabwe might have to compensate the company which was contracted to transform Beitbridge Border Post into a one-stop entry point in 2010 if Government engages another company to finish the job....

by Staff reporter

Delta renews hostilities with beverage wholesalers

09 April 2014 | 2367 Views
Delta Corporation has renewed hostilities with beverage wholesalers amid allegations that the beverage manufacturer is demanding payment within three days despite holding security from customers. ...

by Business reporter

Econet Wireless not selling MBC

09 April 2014 | 2264 Views
Econet Wireless has reaffirmed its commitment to its investment in Mutare Bottling Company, seeing through the installation of a $17 million new line and factory, which will boost the firm's abili...

by Business reporter

Govt engages Comesa on Bulawayo industry resuscitation

08 April 2014 | 1868 Views
The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going...

by Staff reporter

Zimbabwe losing millions through the borders daily

08 April 2014 | 3563 Views
The country is facing serious cash leakages which have resulted in millions of dollars passing through the borders into neighbouring countries on a daily basis, an official said.Zimbabwe Reven...

by Staff reporter

'Zimbabwe's banking model archaic'

07 April 2014 | 3308 Views
Central bank deputy governor Kupukile Mlambo says the country's banking system is outdated and called on the sector to embrace new technology.Mlambo castigated the banking model in use as trad...

by Tatenda Macheka

'No need for Zimbabwe to import cement'

07 April 2014 | 2852 Views
THERE is no need for Zimbabwe to import cement from neighbouring countries because local cement producers have the capacity to meet the current demand, an industry official has said. Zimbabwe ...

by Staff reporter

Zim cost of living goes up

07 April 2014 | 3765 Views
THE cost of living as measured by the Consumer Council of Zimbabwe rose marginally last month from the February figure of $559.93 to $561.24. The food basket increased by 1,52 percent or $2,29...

by Business Reporter

Zim fuel consumption more than doubles

07 April 2014 | 2317 Views
Zimbabwe's fuel consumption has more than doubled in the past three years although the country's major industries are sneezing. Figures compiled by the Zimbabwe Energy Regulatory Authority sho...

by Tendai Mugabe

Zim sells 380 000 carats (diamonds) in Dubai

04 April 2014 | 3693 Views
Zimbabwe sold 380 000 carats at the Dubai tender raking in US$29.2 million.All the seven diamond mining companies in Marange participated at the inaugural diamond tender in Dubai, achieving a...

by Staff Reporter

Zimtrade cautions on over-reliance on SA

04 April 2014 | 1956 Views
Zimtrade on Friday warned that over reliance on South Africa as the main trading partner puts the economy at risk and called for local companies to diversify export markets.A study of 50 firm...

by Staff reporter

The African Development Bank On 'Green Growth'

04 April 2014 | 1083 Views
The African Development Bank's new policy acknowledges that to sustain economic growth in Africa, there is an urgent need to preserve and enhance the ecological capital that enriches such growth. ...

by Maxwell Teedzai

CBZ picks new CEO

04 April 2014 | 2284 Views
CBZ Holdings has appointed chartered accountant Never Nyemudzo as group chief executive officer replacing John Mangudya who was recently appointed new Reserve Bank of Zimbabwe (RBZ) governor.&nbs...

by Staff reporter

Econet Wireless under probe

04 April 2014 | 3576 Views
ECONET Wireless Zimbabwe has again attracted the ire of banks after it emerged this week that the mobile telephone company could be engaged in potentially unfair business practices that have attracted...

by Business reporter

Weaker rand to hurt Zim's trade competitiveness

03 April 2014 | 3860 Views
The continued weakening of the South African rand should further erode Zimbabwe's export competitiveness as South Africa is Zimbabwe's major trading partner in the region, and only falls behind Ch...

by Staff reporter

Econet Wireless now offering EcoCash Save Loans

03 April 2014 | 3776 Views
Harare-Econet Wireless is now offering loans on its EcoCash Save platform. The loans have no paperwork involved (except of course what you do on initial registration as an Econet Wireless & E...

by Staff Rep[orter

Telecel sponsors DragPro Racing again

03 April 2014 | 1534 Views
Telecel Zimbabwe is the title sponsor of the 2014 DragPro Racing Series, which begins at Donnybrook on Sunday, the second year in a row it has been the title sponsor. Racing begins at...

by MHPR

Econet starts loan roll out

03 April 2014 | 4274 Views
Econet Wireless prepaid service subscribers are now able to access a maximum of $500 worth of loans using cell phones under Econet's mobile phone savings account. The mobile phone-based lo...

by Staff reporter

Company offers $1,50 salary to workers

03 April 2014 | 4021 Views
A Harare recycling company has angered its contract workers by offering them a basic salary of between $1,50 and $5 per month, which they are to supplement with a commission from selling its products....

by Staff reporter

Timing factors drive interest in Zim investment indaba

03 April 2014 | 1374 Views
Global investors may have lowered their exposure to some emerging markets, but interest in an African ‘frontier market' like Zimbabwe has not diminished, according to the organisers of the annual Im...

by Business reporter

Lufthansa grounded as pilots strike over early retirement,

02 April 2014 | 1808 Views
FRANKFURT - A three-day strike by pilots at Lufthansa over early retirement, which has grounded Germany's largest airline, shows no sign of ending early after management said there would be no fu...

by Staff Reporter

Zimbabwe bans imports of fresh fruits and vegetables with immediate effect

02 April 2014 | 5396 Views
Harare - Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand....

by Reuters

Zimbabwe tobacco sales hit $130m

02 April 2014 | 1648 Views
Zimbabwe has earned $130,6 million from the sale of 41,78 million kilogrammes sold at an average price of $3.13 per kilogramme since the opening of this marketing season on February 19.The vol...

by Staff reporter

Sam Malaba takes over at BAZ

02 April 2014 | 1815 Views
Barclays Bank Zimbabwe managing director Mr George Guvamatanga has stepped down as Bankers Association of Zimbabwe (BAZ) president after the expiry of his two-year tenure with his deputy Mr Sam Malaba...

by Staff reporter

Econet, association head for clash

02 April 2014 | 2465 Views
The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter's recent directive that each of its agent should register at least 5 new customers...

by Staff reporter

McInn Supermarket forced to shut down

02 April 2014 | 2322 Views
ONE of Gwanda's leading retail outlets, McInn Supermarket run by businessman Mgcini Nkolomi, has been forced out of a building owned by Transport minister Obert Mpofu ostensibly for purposes of renova...

by Staff reporter

Hwange Colliery struggling to pay workers

01 April 2014 | 2424 Views
Hwange Colliery Company  Limited (HCCL) has admitted that it is struggling to pay salaries to its workforce but apportioned the blame on prioritising limited cash on capital expenditure....

by Lesley Moyo

Zim power generation improves

01 April 2014 | 2707 Views
Five out of six power generating units at Hwange Thermal Power Station are operating with an output of $518 mega watts, a development expected to reduce load shedding.The resuscitation of the ...

by Staff reporter

Bob Diamond's company set to acquire ABC Holdings

31 March 2014 | 4460 Views
Bob Diamonds' Atlas Mara Co-Nvest is set to acquire for cash or shares, ABC Holdings shares representing 50.1% of the total shares issued at a price of 82c per share or the equivalent in Atlas Mara sh...

by Business reporter
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