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Ericsson, Econet sign five-year deal

Ericsson today announced that it has been selected as the sole supplier by Zimbabwe's largest provider of telecommunications services, Econet Wireless Zimbabwe, for the company's Core network upgrade ...Read more

Ericsson, Econet sign five-year deal

24 November 2014 | 1517 Views
Ericsson today announced that it has been selected as the sole supplier by Zimbabwe's largest provider of telecommunications services, Econet Wireless Zimbabwe, for the company's Core network upgrade ...

by Staff writer

Emirates offers up to 30% off for travellers from Zimbabwe

21 November 2014 | 1707 Views
Emirates, which flies daily from Harare to Dubai via Lusaka, is offering travellers from Zimbabwe up to 30 percent discount on Business Class and Economy Class fares to selected and exciting destinat...

by Staff reporter

Shingi Munyeza clinches Ocean Basket franchise

20 November 2014 | 4038 Views
Business Shingi Munyeza through his investment vehicle Vinale Investments has inclined a franchise for South African seafood restaurants chain Ocean  Basket. Ruddy Makoni Vinale oper...

by Staff reporter

Telecel Zimbabwe inks pre-paid roaming deals with 7 countries

19 November 2014 | 1491 Views
Telecel Zimbabwe announced Wednesday that it has entered into roaming agreements with seven countries for its prepaid customers and added 58 international data roaming deals for its post-paid subs...

by APA

CBZ, ABC Holdings scoop top corporate governance awards

17 November 2014 | 1743 Views
CBZ Holdings has won the 2014 trophy for the Best Governed Company on the Zimbabwe Stock Exchange, while ABC Holdings was awarded the trophy for the Best Governed Banking Institution. Fin...

by Mike Hamilton

Harsh economy hits OK stores, struggles to remain on top

17 November 2014 | 3545 Views
OK Zimbabwe says it does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy.Chief executive Willard Zirev...

by Business Reporter

Government closes down 11 gold mining companies

15 November 2014 | 3510 Views
Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been...

by Daniel Nemukuyu

OK Zimbabwe predicts doom and gloom

14 November 2014 | 5406 Views
Zimbabwe's largest retailer, OK Zimbabwe does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy. Reflec...

by Staff reporter

Safeguard wins customer service excellence award

14 November 2014 | 1167 Views
The Contact Centre Association of Zimbabwe, which each year makes awards to recognise excellence, professionalism and outstanding achievements in all sectors of the economy, has awarded the Safegu...

by Business Reporter

Emirates brings down fares for Zimbabwe travellers

14 November 2014 | 5190 Views
Fares from US883 from Harare to Muscat   HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has reinforced its pledge t...

by Business Reporter

Hwange Colliery to ask shareholders for more money

12 November 2014 | 1367 Views
Hwange Colliery Company plans to ask shareholders for more money as Zimbabwe's second-biggest coal producer seeks to restructure $70m in debt and struggles to pay employees because of a drop in prices...

by Godfrey Marawanyika I Bloomberg

Econet ventures into gas

12 November 2014 | 4701 Views
Econet Wireless plans to venture into the gas business  in December according to sources. The paper provides a quote from communications manager Ranga Mberi who does not confirm or deny t...

by Staff reporter

Book with Emirates and get Free UAE Visa

10 November 2014 | 1938 Views
Emirates, which flies daily from Harare to Lusaka and Dubai, is offering customers from Zimbabwe a free tourist visa to the United Arab Emirates (UAE) when booking a ticket to Dubai.The offer...

by Business Reporter

Cottco collapses

06 November 2014 | 2070 Views
The Cotton Company of Zimbabwe has applied to be placed under judicial management as the company has failed to turn around its operations even after a capital injection from the sale of its Seed C...

by Staff reporter

Zesa to compete with Econet, launch Zimbabwe's fifth mobile network

05 November 2014 | 9220 Views
ZESA Holding's subsidiary, Powertel will launch the country's fifth mobile network and an additional fixed line network as part of its re-branding efforts.The telecommunications company unveil...

by Staff reporter

Homelink meets the Zimbabwean diaspora community in Wales, UK- Videos

05 November 2014 | 3287 Views
The Homelink delegation, led by Chairman Morris Mpofu and Chief Executive Officer Mrs S Chorwira who  are on a roadshow to sell the company's new projects to the diaspora community today met wi...

by Staff Reporter

Air Zimbabwe to acquire new aircraft

05 November 2014 | 4594 Views
The national airline, Air Zimbabwe is engaging a Canadian based aircraft manufacturer to acquire new aircraft for regional and international routes.The engagement between the national fla...

by Staff reporter

Powertel unveils new dynamic brand

05 November 2014 | 3535 Views
POWERTEL has unveiled a new dynamic brand to celebrate achievements around product quality, capacity and better customer care facilities.The new dynamic Powertel brand with a new corporate...

by Business Reporter

Emirates Sees Free Onboard Wi-Fi as Future Standard

04 November 2014 | 1443 Views
HARARE - In the first three years since Emirates launched inflight Wi-Fi connectivity, over half a million passengers have connected to the internet onboard an Emirates flight, and this demand is expe...

by Staff Reporter

Innscor's imports CEO

04 November 2014 | 2070 Views
Antonio Fourie's capabilities as chief executive to one of the country's iconic companies, Innscor Africa have been put under the spotlight following the recent resignation of long serving chairma...

by Staff reporter

We will not destroy companies through tax collection, says Zimra

31 October 2014 | 2439 Views
THE Zimbabwe Revenue Authority says it is not bent on destroying ailing companies by employing rigid tax collection measures if companies fail to fulfill their tax obligations.The revenue ...

by Business Reporter

Delta cuts down Chibuku production

31 October 2014 | 2672 Views
DELTA CORPORATION has stopped production of standard Chibuku beer at six breweries across the country, as plant rationalization continues after the introduction of its new product brand Chibuku Super....

by Staff reporter

Econet acquires TN Medical

30 October 2014 | 2494 Views
Econet Wireless Zimbabwe Limited has wholly acquired TN Medical-owned by the group's former chairman Tawanda Nyambirai for undisclosed amount. This comes as Econet last year took over Nyam...

by Staff reporter

Fly Africa to battle SAA on Zimbabwe route with cheaper deals

29 October 2014 | 5680 Views
Fly Africa, a low-cost carrier based in Zimbabwe, plans to compete with South African Airways on the Harare-Johannesburg route next month by luring passengers with cheaper deals."For that...

by Bloomberg

Lobels resuscitates Byo industry, creates jobs

28 October 2014 | 5153 Views
LOBELS Zimbabwe has acquired a new production line which will increase bread production by 50 percent to 150 000 loaves per day, in Bulawayo and 42 percent to 340 000 loaves per day, a development set...

by Staff Reporter

NMB CEO resigns due to ill health

27 October 2014 | 4617 Views
The Board of Directors of NMBZ Holdings has announced that Mr James A. Mushore will step down as Chief Executive Officer and Director of NMBZ Holdings and NMB Bank due to ill health, effective 31 Octo...

by Staff reporter

One wallet posts massive loss as Ecocash flourishes

24 October 2014 | 2527 Views
Government owned mobile phone operator NetOne generated a paltry US$1 194 in revenue from its mobile banking platform One Wallet for the year ending December 31 2012 after investing close to a qua...

by Staff reporter

Zimbabwean Hotels 20% cheaper

24 October 2014 | 2276 Views
Local hotel rates are 20% cheaper than other hospitality facilities in the region, African Sun chief executive Shingi Munyeza said. Munyeza said that despite market perception that the rat...

by Staff reporter

Econet to relaunch Ecolife

24 October 2014 | 2036 Views
Econet Wireless will reintroduce its mobile phone based insurance service Ecolife, scrapped two years back after a contractual dispute with the service's software providers, to counter competition...

by Staff reporter

Econet upgrades its call centre

23 October 2014 | 2284 Views
Econet Wireless Zimbabwe has spent $2,5 million for the upgrading of a new contact centre which has increased capacity to over 400%. The new platform will enable Econet contact centre ope...

by Staff reporter

Mobile operators ordered to reduce high tariffs

23 October 2014 | 3741 Views
LOCAL Mobile operators have been ordered to reduce voice tariffs from 23 cents per minute to 15 cents with effect from December 1, 2014.The directive the Postal and Telecommunications Regu...

by Business reporter

Wrong Ndebele spellings in Coca-Cola Ads

22 October 2014 | 8077 Views
After launching its "Share a Coke With a Friend" promotion, Delta Beverages lurched into a public relations nightmare as some consumers accused it of wrongly spelling Ndebele names on its products....

by Staff Reporter

Telecel boss Dr Makamba faces axe

22 October 2014 | 5661 Views
CURRENT Telecel Zimbabwe chairman James Makamba faces an ouster from his chairperson position after one of the company's shareholders - Zimbabwe National Miners Association - filed a High Court applic...

by Court Reporter

Cops accused of being too slow in CMED fraud case

21 October 2014 | 2237 Views
Police have been accussed of being too slow in arresting known perpetrators after CMED lost US$2,7 million allegedly lost through fraud said advocate Ashton Musunga of Musunga.However, Police ...

by Staff Reporter

Econet buys Telecel

20 October 2014 | 10028 Views
Econet Wireless Global (EWG) has acquired the assets of Russian global telecoms operator, Vimpelcom, in the Eastern and Central African countries of Burundi and Central African Republic.E...

by Staff reporter

NRZ employees in trouble over ZW$932 900

20 October 2014 | 2646 Views
TWO National Railways of Zimbabwe (NRZ) employees are in trouble over more than ZW$932 900 which they allegedly defrauded a former employee who was being compensated every month after he incurred...

by Court reporter

Kingdom bank crisis continues as people spend nights for $50

20 October 2014 | 2931 Views
SCORES of people have set up camp at AfrAsia Bank (formerly Kingdom), where they are spending nights in queues hoping they could withdraw as little as $50 the following day, in scenes reminiscent ...

by Business reporter

Buyanga buys Cell funeral assurance

17 October 2014 | 3259 Views
Controversial businessman Frank Buyanga has reportedly acquired Cell Funeral Assurance Company (Cell Funeral), Business Live reported. While Cell Funeral general manager Paidemoyo Mahundi ...

by Staff reporter

TM order to pay $2,390 back pay to its underpaid managers

16 October 2014 | 2774 Views
TM Supermarket has lost an appeal at the High Court after it unsuccessfully sought the court to set aside of an arbitration which compelled it to pay three of its managers a total of $2,390 each being...

by Staff Reporter

Tastic cooking sauces and rice products recalled from shops

16 October 2014 | 4910 Views
Johannesburg - Tiger Brands has recalled some of its cooking sauces and rice products after tests found traces of potentially carcinogenic ingredients, the food company said on Thursday.Af...

by Reuters

Women in Business Indaba for Gwanda

16 October 2014 | 1765 Views
THE Women Alliance of Business Associations in Zimbabwe (WABAZ) which has been embarking on "Town Hall" meetings across the country finally makes its way to the Matabeleland South Capital Gwanda t...

by Business Reporter

AfrAsia boss visits Zimbabwe

16 October 2014 | 2150 Views
AfrAsia Bank Mauritius CE James Benoit was recently in Zimbabwe to firm up discussions on the hunt for a new managing director for AfrAsia Bank Zimbabwe and strategies to solve the banking unit's...

by Staff reporter

RBZ repays raided bank accounts

16 October 2014 | 2497 Views
The RBZ has issued $300 million worth of Treasury Bills to local banks to compensate companies whose foreign currency accounts it raided during the hyperinflationary era. The move is mean...

by Staff reporter

MBCA to become Nedbank

16 October 2014 | 3315 Views
MBCA Bank, a unit of South Africa's Nedbank group, is next year change its name to Nedbank Zimbabwe. Nedbank, the fourth largest bank in South Africa by market capitalisation and customer ...

by Staff reporter

Air Zimbabwe eyes fleet modernization

14 October 2014 | 1709 Views
National airline, Air Zimbabwe will modernize its fleet in a phased approach, as part of a multi-pronged turnaround business strategy. Fleet modernization is critical to the survival of the na...

by Staff reporter

Top finance group opens offices in Byo

14 October 2014 | 4574 Views
BULAWAYO - One of the world's largest independent financial advisory organisations - the deVere group - has opened an office in Bulawayo, its second in Zimbabwe as part of its bid to expand its Af...

by Business reporter

Delta Beverages total beverage volume is down 3%

13 October 2014 | 1229 Views
Delta Corporation Limited issued a trading update for second quarter ended September 30, 2014 as follows:"The general economic performance remains depressed with significant pressure on consum...

by Staff reporter

Maize shortages allayed as GMB records increase in productivity

13 October 2014 | 1421 Views
The Grain Marketing Board has received 178 948 tonnes of maize from farmers so far, indicating a 542 percent increase compared to the same period last year, according to the Herald.In a st...

by Business reporter

$160 million boost for Zesa

13 October 2014 | 1818 Views
ZESA Holdings will this week secure a $160 million loan from Stanbic South Africa if a power purchase with Namibia's power utility, Nampower is brokered.The Stanbic loan was extended to Ze...

by Business reporter

Innscor property attached for violating the Competition Act

10 October 2014 | 3882 Views
Several vehicles belonging to Innscor Africa Limited have been attached by the Sheriff of the High Court of Zimbabwe to enforce the payment of $3.3 million awarded against the multinational corpor...

by Staff reporter
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