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POTRAZ moves to lower mobilephone tariffs



The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) says it has asked mobile operators to implement the long run incremental cost (LRIC) model from the 1st of January next year...Read more

POTRAZ moves to lower mobilephone tariffs

22 December 2014 | 1762 Views
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) says it has asked mobile operators to implement the long run incremental cost (LRIC) model from the 1st of January next year...

by Staff Reporter

Bond coins, signs Zim dollar might return

22 December 2014 | 2505 Views
POLICY and economic analyst Butler Tambo has said the introduction of bond coins by the Reserve Bank of Zimbabwe (RBZ) last Thursday was a sign that the Zimbabwe dollar might be brought back withi...

by Staff Reporter

Central bank monitoring suspicious transactions

21 December 2014 | 4171 Views
THE Reserve Bank of Zimbabwe says it is monitoring suspected illicit transactions and some individual bank accounts which are being used for business operations in a calculated move to circumvent ...

by Business Reporter

We are not mortgaging minerals says Chinamasa

21 December 2014 | 1874 Views
Government does not intend to use the country's minerals as security for any loans it might acquire, a Cabinet Minister has said. There has been speculation that Zimbabwe was planning or might ha...

by Staff Reporter

Mphoko promises to take Bulawayo industries back to their glory days

20 December 2014 | 5783 Views
The Vice President, Phelekezela Mphoko says the Bulawayo business community should work together in finding ways to revive the city's industries.Addressing the business community during a par...

by Staff Reporter

Cash-strapped GMB offers workers maize as pay

20 December 2014 | 2836 Views
THE cash-strapped Grain Marketing Board (GMB) has offered to give its workers maize as part of payment of salary arrears which the national granary owes its workers, NewZimbabwe.com reported.W...

by Staff Reporter

Willowvale Mazda Motor Industries to close down

20 December 2014 | 4053 Views
THE Industrial Development Corporation Zimbabwe (IDCZ) is set to close unviable operations such as Willowvale Mazda Motor Industries, Sino Zimbabwe Cement Company, National Furniture Industries, Motir...

by Staff Reporter

Chinamasa clueless

20 December 2014 | 3405 Views
FINANCE Minister Patrick Chinamasa yesterday disclosed to Senate he had no idea how he was going to cut the wage bill gobbling 85% of the country's National Budget.His disclosure came as Senat...

by Staff Reporter

Cimas introduces air ambulance service

19 December 2014 | 2043 Views
Cimas Medical Aid Society has introduced a critical care emergency air ambulance to airlift patients locally and regionally to an appropriate medical facility.Cimas Emergency Air Rescue Se...

by Staff Reporter

Zim licences Chinese company to print new currency, to be issued at a moment’s notice

19 December 2014 | 8847 Views
COLOGNE - President Robert Mugabe's administration, is reportedly sittings on wads of a new Zimbabwe currency to be backed by a gold standard, which can be issued at a moment's notice as a home grown...

by Itai Mushekwe

Retailers accept bond coins

19 December 2014 | 2980 Views
Retailers and other service providers have started accepting the just introduced bonded coins, demonstrating their confidence in the new coins regime which is set to ensure convenience to the tran...

by Staff reporter

Chivas Regal promotion in Zimbabwe

18 December 2014 | 1529 Views
Being a true gentleman is not about what you deserve, it is about who you are, how you treat others and the values that guide your every action.  These values are celebrated by the premium whiske...

by Geraldine Trennery

Telecel launches 'keep your digits' promotion

18 December 2014 | 2915 Views
The battle to win over subscribers from rival operators in a saturated Zimbabwean mobile telecoms market is heating up as Telecel entices users with a phone number promotion, ...

by Staff reporter

World Bank pledges $44 million to help Zimbabwe

18 December 2014 | 2069 Views
The World Bank has pledged at least 44 million US dollars over the next five years to help Zimbabwe implement economic policy reforms.The new trust fund is a successor to the 2008 Analyti...

by Shingai Nyoka

Bond coins start circulating today

18 December 2014 | 1885 Views
Banks will today start circulating the Reserve Bank of Zimbabwe's imported bond coins, in a move expected to ease the problem of small change that has been bedevilling the economy since the advent...

by Staff reporter

Pick n Pay shakes Bulawayo retail sector

18 December 2014 | 5165 Views
CUSTOMERS in Bulawayo have applauded the entrance of more players to the retail sector which had been dominated by a few huge supermarkets, expressing hopes for marked improvement across players....

by Staff reporter

Air Zimbabwe saga rages on

17 December 2014 | 1872 Views
An external auditor who audited Air Zimbabwe's accounts told Harare regional magistrate Fadzai Mtombeni on Monday that he was not aware whether or not there was a board resolution to approve his ...

by Staff reporter

Bond coins to face stiff resistance?

17 December 2014 | 2403 Views
Economists and informal traders have warned that new bond coins worth $10 million that are set to make their debut tomorrow might face stiff resistance from the public as there is lingering suspic...

by Staff reporter

MBCA to rebrand to Nedbank

17 December 2014 | 4253 Views
South Africa based financial group Nedbank plans to rename its local unit MBCA Bank to Nedbank Zimbabwe next year. MBCA's MD Charity Jinya said it is too early to confirm the plans and wil...

by Staff reporter

Retailers to use RBZ Special Bond coins

16 December 2014 | 1718 Views
The Retailers Association of Zimbabwe says its members have accepted the special bond coins unveiled recently by the country's central bank designed to ease change problems faced by members of the pub...

by Gibbs Dube

Zim deflationary pressures persist in November

15 December 2014 | 1249 Views
Zimbabwe's inflation eased to -0.78% year-on-year in November, shedding 0.78% on the October rate of -0.001% as deflationary pressures persist, the official statistics agency Zimstats said on Monday....

by Staff reporter

Govt spending declines

15 December 2014 | 1881 Views
Government expenditure declined by a whopping 98% in September, a rare trend for a country with a well known propensity to overspend.According to the Consolidated Statement of Financial Perfor...

by Staff reporter

Diaspora remittances to Zimbabwe decline

15 December 2014 | 2087 Views
Diaspora remittances have fallen some 100 percent to $900 million this year despite an increase in registered money transfer agencies. Finance and Economic Development Minister Patrick Ch...

by Staff reporter

Enjoy Free Wi-Fi in the sky on Emirates A380s

12 December 2014 | 2063 Views
HARARE - Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly....

by Business reporter

S'gwadi Mampara, Buy local products - Video

10 December 2014 | 4216 Views
...

by Staff Reporter

Zesa to import more power from Mozambique

10 December 2014 | 1694 Views
ZESA Holdings is in negotiations with an unnamed regional power supplier to import about 250 megawatts while more than $1 billion will be spent on improving generation capacity and infrastructure ...

by Business Reporter

Zimbabwe's bonded coins stir up fears

09 December 2014 | 9117 Views
THE INTRODUCTION of bonded coins for sole use in Zimbabwe has sparked a wave of uncertainty.The coins have created fears among investors and the populace that the government is inching towards...

by Tawanda Karombo

Emirates Unveils US$500m Long-term Investment to Provide the Best Wines Onboard

09 December 2014 | 1306 Views
HARARE - On any given day, over 60 different wines, champagnes and ports, sourced from the best vineyards in 11 countries, are served onboard Emirates to passengers in all classes. Representin...

by Business Reporter

3 Designers from Intwasa Fashion Show to attach with Edgars Stores - Carousel

08 December 2014 | 2615 Views
The recently held 2014 edition of Intwasa Fashion Show featured 12 young Zimbabwean Designers. The designers that showcased their 10 look 2015 collections are Crox Designers, Sanah Designs, Penelo...

by Hunnar

Engen leads with low sulphur diesel 50 ppm in Zimbabwe

09 December 2014 | 1886 Views
Engen is the first petroleum company in Zimbabwe to offer the environmental benefits of low-sulphur diesel (designated as 50 parts per million or 50ppm).The African energy multinational says ...

by Own correspondent

Munatsi, Moyo and Dzanya to leave BancABC

08 December 2014 | 4690 Views
ABC Holdings announced that Doug T. Munatsi, Group CEO, Beki Moyo, Group CFO, and Francis M. Dzanya, Group COO, will be stepping down from their roles at BancABC at the end of the year. This follows A...

by BancABC

Econet named Super Brand

08 December 2014 | 1978 Views
Zimbabwe's biggest mobile operator, Econet Wireless, was the toast of this year's Superbrand Awards after it was crowned the overall Superbrand of the Year on Friday. The Superbrand Awards...

by Staff reporter

Tight immigration laws hindering economic growth

07 December 2014 | 3947 Views
TIGHT immigration laws are costing the country opportunities of addressing high unemployment levels with reports that at least 600 jobs were lost when a South African investor was denied a permit ...

by Mesabe Ncube

Bulawayo businesses fail to cash in on festive hype

07 December 2014 | 1767 Views
BULAWAYO businesses say the festive season has failed to bring the much anticipated business due to low consumer buying power which has been attributed to the prevailing liquidity challenge. The b...

by Ngonidzashe Chiutsi

New coins to help ease cash crunch

06 December 2014 | 2504 Views
Zimbabwe's central bank unveiled special coins on Friday to ease a shortage of low denomination cash, which has forced shoppers to accept sweets or pens in lieu of change."The bond coins a...

by AFP

Zim coins to start circulating December 18

06 December 2014 | 8226 Views
THE new Zimbabwe coins were yesterday unveiled by the central bank, but will only start circulating in the country on December 18.Reserve Bank of Zimbabwe governor John Mangudya said the count...

by Staff Reporter

Adrenalin named most outstanding advertising agency

05 December 2014 | 2064 Views
Adrenalin Advertising and Design was named the most outstanding advertising agency in Zimbabwe at the recent Megafest Business Awards ceremony, where it was presented with the Megafest Award of Ex...

by Business Reporter

Special coins unveiled in Zimbabwe

05 December 2014 | 7360 Views
Zimbabwe today unveiled a set of $10 million special "bond" coins.The coins, which arrived in the country this week from South Africa, are aimed at easing the change crisis.This comes ...

by Staff reporter

Joy for motorists as fuel prices go down

05 December 2014 | 7312 Views
FUEL prices have dropped just in time of the festive season when the demand is high, a development which gives motorists who have in the past bemoaned unreasonable fuel prices a sigh of relief....

by Business Reporter

Flyafrica launches Harare - Victoria Falls route

05 December 2014 | 2245 Views
Low cost carrier, Flyafrica  on Monday introduced a new domestic service from Harare to Victoria Falls.Flyafrica Zimbabwe is the first subsidiary of Flyafrica.com group.The lo...

by Business Reporter

Zimbabwean survives PPC boardroom coup

04 December 2014 | 5673 Views
PPC Zimbabwe chairman Todd Moyo will remain on the PPC Ltd board following the cancellation of the annual general meeting which sought to dissolve the board. The entire PPC board had been ...

by Staff reporter

Fogging machine prevents burglars seeing and stealing

03 December 2014 | 2664 Views
Safeguard Alarms has introduced to the Zimbabwe market an Italian fogging system that makes it almost impossible for burglars to steal anything.The UR Fog security system releases a dense ...

by Business Reporter

Zesa successfully commissions billing system

02 December 2014 | 3401 Views
ZESA Holdings, through its subsidiary PowerTel, has successfully commissioned its billing system while efforts are underway to upgrade the network linking Harare-Mutare and Harare-Plumtree, a compan...

by Business Reporter

Emirates and AC Milan Score New Sponsorship Deal

01 December 2014 | 1602 Views
Milan, ITALY - Emirates and AC Milan have today agreed a new five year sponsorship deal, extending the airline's presence on the club's shirts until the 2019/2020 season.During a press co...

by Staff Reporter

Emirates Scores an A380 Hat-trick

01 December 2014 | 2060 Views
HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, is set to score a hat-trick this week as the airline prepares for the launch of three new A380 destinations in three days....

by Business

'Chinamasa's budget devoid of sound content,' says Makoni

01 December 2014 | 2079 Views
Former Finance minister Simba Makoni has described the 2015 national budget presented last Thursday as devoid of sound content.The opposition Mavambo/Kusile/Dawn leader said the ruling governm...

by Staff reporter

Air Zimbabwe risks collapse

01 December 2014 | 3232 Views
AIR Zimbabwe risks collapse if it does not clean up its act as government intends to open up the skies to more airlines, Transport and Infrastructural Development Minister Dr Obert Mpofu has said ....

by Leonard Ncube

Econet, NetOne and Telecel ripping off subscribers

30 November 2014 | 5668 Views
The government says mobile telecommunications companies are ripping off subscribers through high charges for mobile money transfer services.This was revealed at the annual ICTs Achievers Award...

by Staff reporter

ZimAsset can not be funded in its current form, says Japanese envoy

30 November 2014 | 2203 Views
HARARE - Zimbabwe's economic blueprint, ZimAsset, cannot be funded in its current form and needs to be reviewed to make it practical, Japanese ambassador Yoshi "Tendai" Hiraishi says.In an int...

by Staff Reporter

Beer prices are slashed

30 November 2014 | 4277 Views
Finance minister Patrick Chinamasa has slashed exercise duty on clear beer from 45 percent to 40 percent with effect from next year, a move that is likely to further reduce the price of lager bee...

by Staff reporter
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