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Steward bank official, other two accomplices steal $2300 from bank

AN EMPLOYEE with the Steward Bank in Bulawayo allegedly connived with outsiders to defraud his employer of $2300 through activating the dormant account at the bank so that they could clandestinely...Read more

Steward bank official, other two accomplices steal $2300 from bank

23 May 2015 | 576 Views
AN EMPLOYEE with the Steward Bank in Bulawayo allegedly connived with outsiders to defraud his employer of $2300 through activating the dormant account at the bank so that they could clandestinely...

by Stephen Jakes

NetOne to launch 5G network

22 May 2015 | 2954 Views
MOBILE network provider, NetOne will launch Fifth Generation network once its technology partner has completed research and development into the new technology.NetOne's equipment partner, Huaw...

by Staff reporter

NMBZ expecting a good performance in 2015

22 May 2015 | 953 Views
NMBZ is expecting a good performance in 2015, barring a significant deterioration in the economy, NMB Chief Executive, Ben Washaya has said. Washaya said the tough economic conditions con...

by Ndou Paul

African organisations under pressure to sharpen skills retention and employee engagement - Sage

22 May 2015 | 1397 Views
Businesses across major African economies such as Kenya and Nigeria are coming under increasing pressure to align their strategies for retaining talent, compensating employees and engaging with their...

by APO

Econet profits plummet by 41%

21 May 2015 | 2419 Views
Econet Wireless reported a 41% drop in profits, dragged down by significant tariff cuts, punitive regulatory measures and a deflationary economic environment in the country. Profit for the year en...

by Staff reporter

Zimbabwean company to manufacture devices for Safaricom

21 May 2015 | 2166 Views
G-Telecoms (GTel), a Zimbabwean mobile handset manufacturer, has inked an agreement with Kenyan operator Safaricom to offer devices on contract. The agreement is expected to give Safaricom customers f...

by Staff reporter

Sithembiso Nyoni on collusion course with Grace Mugabe

21 May 2015 | 7183 Views
Minister of Small to Medium Enterprises and Co-operatives Development, Sithembiso Nyoni is bracing for a clash with First Lady, Grace Mugabe after she ordered Masvingo City council to urgently remove ...

by Staff Reporter

Safeguard invests $200 000 in rapid response vehicles

21 May 2015 | 3285 Views
Safeguard Alarms has added 10 brand new Nissan NP200 trucks to its rapid response fleet, making it possible for the company to increase its emergency response capacity.The trucks, which cost m...

by Chris Chinamhora

Zimbabwe to rope in Chinese in SEZs infrastructure development

20 May 2015 | 2533 Views
The Government says it would like to see Chinese developers becoming heavily involved in the development of infrastructure for Special Economic Zones (SEZs) that will be set up across the country....

by Tawanda Musarurwa

'Overvalued' world markets spark interest in cheap Zimbabwe

20 May 2015 | 3421 Views
As investment managers are under pressure to find value opportunities in a reportedly overvalued global equity environment, the annual Imara Zimbabwe Investor conference will showcase the potentia...

by Staff reporter

Zimpapers to close-shop on Saturdays?

20 May 2015 | 4653 Views
The appointment of Delma Lupepe, a devout Seventh-Day Adventists as Zimpapers board chairman this week has raised questions whether the stable will be opened for business on Saturdays. Lupepe's fana...

by Thobekile Zhou

Kingdom Bank Africa under final liquidation

20 May 2015 | 2629 Views
The High Court has appointed Max Marinelli and Chris Bray, both chartered accountants in Gaborone to oversee the liquidation of Kingdom Bank Africa. Nigel Chanakira remained invested in KB...

by Staff reporter

Zimbabwe could dispose of stake in Pan African Minerals Development Company

19 May 2015 | 2919 Views
Government is considering the possibility of disposing foreign assets belonging to the National Railways of Zimbabwe (NRZ), and using the funds to re-capitalise the country's sole railway company....

by Tawanda Musarurwa

SA Businesses to Benefit from Establishment of African Free Trade Area

19 May 2015 | 1438 Views
19 May 2015: It was recently announced that negotiations around the establishment of a single free trade area - spanning across 26 nations in Africa, also k...

by Angency

Delma Lupepe appointed Zimpapers chairman

19 May 2015 | 2840 Views
BULAWAYO businessman Delma Lupepe has been appointed as the chairman of Zimbabwe Newspapers (1980) Limited. Mr Lupepe replaces Dr Charles Utete who stepped down from the board last month....

by Staff reporter

Zimbabwe targets $1,5 billion from tourism

18 May 2015 | 2096 Views
Zimbabwe is targeting to earn $1,5 billion from the tourism sector this year, an official said on Friday.Zimbabwe Tourism Authority (ZTA) chief executive Mr Karikoga Kaseke said the country wh...

by New Ziana

Parly Committee absolves Telecel

18 May 2015 | 3348 Views
The Parly committee on ICT last Thursday presented a report which absolved Telecel Zimbabwe of any wrong doing in the licence saga. The report said Telecel had mutually agreed with Governm...

by Staff reporter

Dr James Makamba in the dock

17 May 2015 | 5601 Views
LAST week, The Sunday Mail Business engaged one of Telecel's key shareholders, Dr James Makamba to answer some contentious and curious questions that have arose over the last 18 years since the format...

by Staff reporter

Econet mulling a major restructuring exercise

17 May 2015 | 4415 Views
ECONET Wireless Zimbabwe (EWZ) is believed to be mulling a major restructuring exercise through which a sizable chunk of its workforce will be laid off while some business units will be consolidated i...

by Staff reporter

Mobile network operators' revenue decline

15 May 2015 | 3862 Views
Revenue that mobile network operators generated declined by 17.9 percent in the fourth quarter of last year while the number of base stations increased by 9.7 percent, the Postal and Telecommunication...

by New Ziana

Change of Telephone number format for Chipinge

15 May 2015 | 1179 Views
TelOne advised its clients and stakeholders that it has digitaiised the Chipinge Exchange. Chipinge landline numbers will therefore be changing to include a three digit prefix after the ar...

by Ndou Paul

Public notice - Disruption of telecommunication services

15 May 2015 | 3887 Views
Public noticeDisruption of telecommunication servicesTo all our valued clientsTel-One would like to advise its valued clients and stakeholders that there may be an interruption of service ...

by Ndou Paul

Forum raps Potraz over Telecel licence cancellation

15 May 2015 | 3786 Views
The recent attempt by government through the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) to cancel Telecel's operating licence discourages foreign direct investment and...

by Staff reporter

Zimbabwe's pay gap above 4,000%

14 May 2015 | 4098 Views
The wage gap between Zimbabwe's highest and the lowest paid employees is slightly above 4 000%, a survey has shown.According to a survey conducted by one of Zimbabwe's leading employment consu...

by Staff reporter

Workers go for 28 months without pay

14 May 2015 | 5296 Views
14 May 2015 Press Statement: It is Now 28 months for Marvo workers still counting without pay. Though it doesn't look like there would be a solution an...

by Marvo Workers

Cimas puts in place measures to expedite processing of drug claims

14 May 2015 | 2332 Views
Cimas Medical Aid Society has put in place measures to ensure that all drug claims are processed expeditiously, following its decision to suspend its online drug payment facility as a result of a...

by Mike Hamilton

RBZ to hold demonetisation awareness campaigns

14 May 2015 | 3789 Views
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has indicated that all operating banks have now submitted their Zimbabwe dollar bank balances.The bank set aside $20 million for demon...

by Staff Reporter

'Econet stole my idea'

14 May 2015 | 7166 Views
Econet Wireless is likely to face a lawsuit after reportedly hijacking a mobile savings scheme targeting low-income women's grassroots groups.The company was recently embroiled in a media sto...

by Staff reporter

Unilever suspends top management

14 May 2015 | 1833 Views
Unilever has suspended Zimbabwe-based vice president for Southern Africa, Nancy Guzha, Southern Africa brand building director Juliet Ziswa and four other top managers amid allegations of serious ...

by Staff reporter

Zimra suffers major system failure

14 May 2015 | 3425 Views
Cargo trucks destined for various countries across the region are stuck at border posts as the Zimbabwe Revenue Authority struggles to upgrade its System for Customs Data known as ASYCUDA.The...

by Thupeyo Muleya

'Telecel licence cancellation a blunder'

14 May 2015 | 3600 Views
THE government blundered when it cancelled Telecel Zimbabwe's operating licence and gave the mobile phone operator 30 days to wind up operations, a High Court judge has said. "It's a truism t...

by Fidelis Munyoro

Delta Beverages continues to register a decline in volumes

13 May 2015 | 3796 Views
Beverages maker Delta continues to register a decline in volumes as the slowdown in the economy takes its toll on the company's performance.Revenue for the year ended March 2015 was down 4 per...

by Rumbidzai Zinyuke

Fastjet recruiting staff in Zimbabwe, plans to commence Harare operations soon

13 May 2015 | 6170 Views
AIM listed low-cost airline Fastjet which owns fastjet Zimbabwe Limited on Wednesday announced that it is recruiting staff in Zimbabwe as it plans to commence operations in Harare in the next few m...

by Ndou Paul

Harare demands cable rentals from Econet

13 May 2015 | 3045 Views
Cash-strapped Harare City Council has extended its fishing net to underground cables laid down by telecommunications firms and is demanding monthly rentals for the property. Council busine...

by Staff reporter

Dubai firm target Bulawayo for funding

12 May 2015 | 5491 Views
A DUBAI off-shore lending company - Elbygare Global has offered short and long term finance for Bulawayo City Council's infrastructure projects at a time the local authority is struggling to access af...

by Thobekile Zhou

Mugabe discusses Telecel Zimbabwe licence in Russia

12 May 2015 | 7605 Views
We see the Telecel Zimbabwe licence issue was raised as an agenda point during President Robert Mugabe's trip to Russia and an article appeared in one of the top circulating papers in Russia, ...

by Staff reporter

Telecel licence subject of discussion at Russia's highest governmental level

12 May 2015 | 4994 Views
ZIMBABWE-VIMPELCOM-LICENSE-TALKS08.05.2015 18:39:42 MSKThe problem with the license for Vimpelcom in Zimbabwe could become the subject of discussion at the highest governmental level – (sou...

by Interfax

National Blankets to cash in on winter

11 May 2015 | 1178 Views
National Blankets is targeting to increase production levels this winter from an average 20% to 50% but it requires more than $3 million working capital.National Blankets manufactures a wide v...

by Staff Reporter

Dollarisation the new normal for Zimbabwe, says RBZ

11 May 2015 | 5236 Views
Reserve Bank of Zimbabwe Governor John Mangudya says the lack of competitiveness and negative perception besetting the economy were not a currency problem, but a production phenomenon. The...

by Staff reporter

Zambian soap company open plant in Zimbabwe

09 May 2015 | 5781 Views
Trade Kings Zambia Limited has set up a 50-million dollar detergent soap plant in Zimbabwe.Trade Kings Operations Director Bright Chunga says the plant will later introduce other products....

by Staff reporter

TelOne upgrades its Kariba, Karoi exchanges all telephone numbers to change

08 May 2015 | 3865 Views
The country's sole fixed telephone operator, TelOne is currently in the process of digitalizing it's network, in a move that will unlock new capacity as well as introduce more technologies and incre...

by Ndou Paul

Air Zimbabwe acquires new Airbus A320

08 May 2015 | 5936 Views
AIR Zimbabwe has acquired a new aircraft, an Airbus A320, in a move that is expected to restore confidence in the country's aviation industry and increase connectivity to international destinations....

by Staff reporter

Samsung to set up TV, fridge plant in Zimbabwe

08 May 2015 | 5915 Views
Korea-based telecoms manufacturing giant Samsung yesterday signed a $10 million deal with a local company, Cranbal Investments that will see the international firm setting up a television and refriger...

by Staff reporter

Econet unveils EcoCash Savings Club

07 May 2015 | 4510 Views
Mobile telecoms operator Econet Wireless has launched 'EcoCash Savings Club', a new mobile product to support savings groups across the country.According to Econet anyone registered on EcoCash...

by Staff reporter

Victory for Telecel Zimbabwe at the High Court

07 May 2015 | 6890 Views
The High Court of Zimbabwe has granted Telecel Zimbabwe an interdict preventing the industry regulator, POTRAZ, from executing the cancellation of its operating licence pending an appeal to the Mini...

by Ndou Paul

Nkolomi sells Gwanda Spar, Choppies to take over

07 May 2015 | 5527 Views
Prominent Gwanda business man Mgcini Nkolomi is reported to have sold his Spar premises to yet to be known company which has offered the Botswana owned Choppies stores the same premises to rent w...

by Stephen Jakes

Trade Fair a success, says ZITF

07 May 2015 | 2983 Views
The 56th edition of the Zimbabwe International Trade Fair (ZITF) ended on Saturday after five days of business and trade. The country's biggest multi-sectoral exhibition, which ran under t...

by Staff reporter

Skit on Telecel 'collapse' - Video

06 May 2015 | 4474 Views
Skit on Telecel collapse - Videohttps://www.youtube.com/watch?v=n4PEobMx1Hs&feature=youtu.be ...

by youtube

MTN takes over Telecel Zimbabwe

06 May 2015 | 23585 Views
INFORMATION Communication Technology and Courier Services minister Supa Mandiwanzira today is reported to have revealed that South African telecoms group MTN has taken over Telecel Zimbabwe, at leas...

by Staff reporter

Telecel up to date with licence fee payments

05 May 2015 | 4696 Views
Telecel Zimbabwe says it is up to date with payments for its operating licence despite the sentiments that it has not been compliant.Two months ago, Government cancelled an agreement with the ...

by Rumbidzayi Zinyuke
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