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Zesa unveils strategy to end load-shedding
ZESA Holdings has announced a transformative strategy to eliminate load-shedding by next year and achieve universal electricity access across Zimbabwe by 2030. The plan, detailed by ZESA executive cha...Published: 25 Oct 2024 at 08:44hrs | 311 | by Staff reporter
Econet complainant takes fight to new ICT minister
HARARE-BASED information communication technology innovator and entrepreneur Ignatius Munengwa has escalated his fight with mobile network operator Econet to the minister of Information Communication ...Published: 29 Jan 2024 at 06:23hrs | 1 | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | | by Paidamoyo Muzulu
Chigogwana retires
Access Finance Group, whose strategic network of operations includes Zimbabwe, has appointed Mr Salim Eceolaza as the new chief executive.Mr Eceolaza is succeeding co-founder Mr Raymond Chigog...Published: 20 Sep 2023 at 06:25hrs | 2 | by Staff reporter
EcoCash posts $4,76bn loss
ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to r...Published: 02 Jun 2023 at 06:44hrs | | by Staff reporter
Council divided over Go Beer revival
Gweru City councillors have called on management to compile a report on the defunct Go Beer Breweries before the local authority entertains any plans of reclaiming the business.The brewery was...Published: 23 Apr 2023 at 07:52hrs | 1 | by Staff reporter
Government outlines measures to stabilise electricity supply
Efforts to stabilise electricity supply are ongoing, with the Government coming up with a raft of measures such as gradually reviewing the tariff upwards so that funds are available for maintenance, i...Published: 02 Dec 2022 at 04:56hrs | | by Staff reporter
Govt pledges $2 billion for NRZ rehab
GOVERNMENT has pledged to fund rehabilitation of National Railways of Zimbabwe (NRZ) infrastructure to the tune of $2 billion.Speaking during a tour of the NRZ workshop in Bulawayo yesterday, ...Published: 25 Nov 2022 at 05:13hrs | | by Staff reporter
Tendai Biti blames government for power blackouts
CITIZENS Coalition for Change vice president Tendai Biti has said rolling power blackouts have a negative impact on the pillars of the economy and Government should consider investing in renewable ene...Published: 13 Nov 2022 at 17:32hrs | | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Kangai's bid for NetOne severance package rejected by court
SPIRITED efforts by former NetOne chief executive officer Reward Kangai (pictured) to get his severance package have been further delayed after the High Court dismissed his application in which he sou...Published: 14 Sep 2022 at 06:07hrs | 1 | by Staff reporter
EcoCash records modest growth in first quarter
ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In ...Published: 02 Aug 2022 at 06:43hrs | 1 | by Staff reporter
Your Excellency Mnangagwa, the buck stops with you
DEAR President,Your Excellency, the cost of living has been skyrocketing for quite some time now. Salaries are subjected to progressive erosion. As I see it, long before teachers in public ser...Published: 29 Jun 2022 at 07:47hrs | | by Cyprian Muketiwa Ndawana
Zimbabwe airports agency beefs up security
ZIMBABWE'S airports authorities are planning to roll out multi-pronged systems enabling them to beef up security at porous exit and entry points, businessdigest was told this week.Previously, ...Published: 17 Jun 2022 at 08:57hrs | 6 | by Staff reporter
Bulawayo residents question Afrobarometer survey
BULAWAYO residents have queried the Afrobarometer recent survey findings on Zimbabwe which among other things show that while Zimbabweans feel the country is headed in the wrong direction, they still ...Published: 11 Jun 2022 at 09:15hrs | | by Staff reporter
RBZ shelves plans to sell gold buying unit
The Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended plans to dispose of its controlling stake in the country's sole gold buyer, Fidelity Printers and Refinery, to new shareholders, a senior ...Published: 21 Mar 2022 at 06:21hrs | 6 | by Staff reporter
SA car jackers arrested in Bulawayo
THREE men believed to be carjackers have been arrested in Bulawayo on allegations of stealing three vehicles — a Toyota Prado, Toyota Fortuner and a Toyota Hilux — from South Africa before smuggli...Published: 19 Mar 2022 at 06:41hrs | | by Staff reporter
Zesa faces massive brain drain
ZESA Holdings has revealed that it faces the risk of skills flight as employees seek better paying job opportunities elsewhere, even across the country's borders, a top management official said....Published: 02 Mar 2022 at 05:44hrs | 1 | by Staff reporter
Zesa rebundling firmly on course
LEADING audit firm Ernst & Young, which has completed its consultancy report on the unbundling of Zesa, has recommended that the role of executive chairman be abolished at the State power utility....Published: 10 Feb 2022 at 05:26hrs | | by Staff reporter
ZESA washes hands in US$1,5 billion steel plant bungling
THE Zimbabwe Electricity Supply Authority (Zesa) says it is not directly involved in the processes to establish a 97km long high voltage powerline whose delay has hampered progress in the construction...Published: 28 Nov 2021 at 07:59hrs | 5 | by Staff reporter
Zesa imports extra 480MW
Zesa Holdings is set to add 480 megawatts to its supply over the next two months to bridge the power deficit that has resulted in increased load-shedding at a time it is battling annual losses of $1,5...Published: 22 Nov 2021 at 05:51hrs | 8 | by Staff reporter
Entreprenuer wrestles with Econet
HARARE-BASED businessman, innovator and entrepreneur Ignatius Munengwa has reported the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) top executives to the regulator's chairp...Published: 13 Nov 2021 at 17:44hrs | 8 | by Staff reporter
Zimbabwe to revamp airports security
Security systems at Zimbabwe's airports are set for a major upgrade over the next 24 months in a development that will see state-of-the-art scanners replacing physical searches among other key issues,...Published: 06 Oct 2021 at 05:45hrs | 7 | by Staff reporter
US$13 million tower for JMN airport
THE newly established Airports Company of Zimbabwe (ACZ) is working on constructing a new US$13 million tower at the Joshua Mqabuko Nkomo International Airport in Bulawayo as part of its immediate man...Published: 26 Sep 2021 at 19:37hrs | 8 | by Staff reporter
Are Tray Packers A Necessity For Industries In 2021?
A key piece of American history since the later part of the 1800s has been robotic case packing. Although it was at first only used to pack a considerable quantity of food, it's since then been renova...Published: 04 Sep 2021 at 20:12hrs | | by Staff writer
Group demands ZSE listings for Fidelity suitors
INVESTORS interested in taking up equity in the central bankrun Fidelity Printers and Refiners (FPR) should agree to list on at least one of the country's stock exchanges in order to enhance transpare...Published: 29 Aug 2021 at 07:15hrs | 1 | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
Chamisa's MDC claims Fidelity 'parcelled out' to Tagwirei
The MDC Alliance is mulling a legal challenge to the disposal of the government's majority stake in Fidelity Printers and Refiners (FPR), which the party says has been "parcelled out" to controversial...Published: 03 Aug 2021 at 18:45hrs | 3 | by Staff reporter
Fastjet customers to pay for flight tickets at Chicken Inn outlets
Value airline fastjet and Simbisa Brands Limited have announced a joint payment option channel through the latter's flagship Chicken Inn restaurants across Zimbabwe. The new payment option all...Published: 07 Jul 2021 at 10:59hrs | | by Staff reporter
Lockdown internet demand boosts TelOne
STATE-OWNED telecoms operator TelOne last year realised inflation-adjusted revenue growth of 147% to ZW$4.7 billion compared to the corresponding period in 2019 due to an upsurge in the demand for bro...Published: 03 Jul 2021 at 21:31hrs | | by Staff reporter
ZimParks completes Old Bulawayo National Monuments road
THE upgrade of the road leading to Old Bulawayo National Monuments by the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to pave way for restoration of the tourist attraction after it was...Published: 15 Jun 2021 at 06:16hrs | 2 | by Staff reporter
Tanganda to relist on ZSE
ZIMBABWE'S largest producer and distributor of tea and other beverages, Tanganda Tea Company Limited, is expected to relist on the Zimbabwe Stock Exchange (ZSE) after over a decade of absence. This wi...Published: 16 Apr 2021 at 07:32hrs | 1 | by Staff reporter
Rural push spurs NetOne growth
STATE-RUN mobile telecoms firm, NetOne says last year's strategic expansion into outback markets lifted subscribers for its mobile money platform, OneMoney by 500 000, giving it fresh impetus....Published: 04 Apr 2021 at 22:40hrs | | by Staff reporter
NetOne restructures debt ahead of deal
STATE-run mobile telecoms firm NetOne says a debt restructuring programme has been underway since government announced plans to bring private investors into the operation in 2018 under an ambitious pl...Published: 04 Apr 2021 at 09:35hrs | 8 | by Staff reporter
ZTA rallies tourism players to rebuild Old Bulawayo
THE Zimbabwe Tourism Authority (ZTA) has rallied players in the tourism sector to provide material and financial resources towards the reconstruction of King Lobengula's first capital, Old Bulawayo, w...Published: 01 Apr 2021 at 07:09hrs | | by Staff reporter
US$250m bond for Harare Beitbridge road
An infrastructure bond issue for US$250 million will be floated to finance the rehabilitation and new construction of the 584km Harare-Masvingo-Beitbridge highway from the flyover replacing Mbudzi rou...Published: 02 Mar 2021 at 06:30hrs | | by Staff reporter
Rains to drive Zimbabwe exports rebound
ZIMBABWE has been projected to narrow its trade balance in 2021 owing to better yields in the current agricultural season following a good rainfall season.According to a report by IH Securitie...Published: 21 Feb 2021 at 07:05hrs | | by Staff reporter
Tycoon Tagwirei's hold on Zim gold
BUSINESS kingpin Kudakwashe Tagwirei has long had a commanding position in Zimbabwe's US$100m-a-month fuel import market, and owns major stakes in banking, telecoms and the country's largest platinum ...Published: 10 Feb 2021 at 06:25hrs | | by Staff reporter
DPA installs electric vehicle charging stations across Zimbabwe
DISTRIBUTED Power Africa (DPA) has started deploying electric vehicle (EV) charging stations across Zimbabwe as a way of encouraging the uptake of environmentally friendly cars. In a statement...Published: 08 Jan 2021 at 07:28hrs | 1 | by Staff reporter
Spooks investigate US$45m CAPS deal
ZIMBABWE's state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Phar...Published: 19 Dec 2020 at 16:38hrs | 2 | by Staff reporter
RBZ ends Fidelity Printers monopoly
THE Reserve Bank of Zimbabwe (RBZ) has privatised its gold refining business, ending a monopoly that has been enjoyed by Fidelity Printers and Refiners. Fidelity controls Zimbabwe's gold ...Published: 17 Dec 2020 at 07:06hrs | | by Staff reporter
RBZ to sell Fidelity Printers & Refinery
Reserve Bank of Zimbabwe has announced its intention to unbundle and dispose of part of its stake in Fidelity Printers and Refiners.According to a statement from RBZ governor John Mangudya, th...Published: 16 Dec 2020 at 15:09hrs | 2 | by Staff reporter
ZAPU statement on NPRC's purported research program on conflict in Zimbabwe
Following their recently rolled out program on the so called research on pre colonial, colonial and post colonial conflict periods, and also following ZAPU and NPRC meeting in Bulawayo on 11 December ...Published: 13 Dec 2020 at 08:34hrs | | by Iphithule Maphosa
Zimbabwe Tops Southern Africa as ATU Ends African-wide Competition to Reward Innovators Targeting Solutions to Fight COVID-19
Zimbabwe's Kudakwashe Clinton Nyamhuka was among finalists of the ATU Africa Innovation Challenge 2020. The 24 year old topped the Southern Africa region together with fellow contestant Tiisetso Masil...Published: 15 Oct 2020 at 16:29hrs | 2 | by Agencies
Illegal guns worry government
POLICE admitted yesterday that they were concerned by the proliferation of unlicensed firearms in public hands, which were being used to commit violent crimes.However, police said it was too e...Published: 13 Oct 2020 at 18:50hrs | 4 | by Staff reporter
Robbers bundle family in vehicle, set it ablaze
POLICE in Beatrice, Mashonaland East province, have launched a manhunt of four men who ransacked a Harare home, tied the family inside a car and drove to Beatrice where they set the vehicle ablaze....Published: 19 Sep 2020 at 06:23hrs | | by Staff reporter
Mnangagwa speaks on SA xenophobia attacks
PRESIDENT Mnangagwa has hailed the role played by Zimbabweans in the diaspora towards growing the domestic economy and implored them to increase their participation through investments. He was...Published: 04 Sep 2019 at 08:24hrs | 2 | by Staff reporter
Nick Mangwana dismisses Zimbabwe abduction reports
Zimbabwe government spokesperson Nick Mangwana has dismissed as stage managed recent reports of abductions and torture of opposition and civil society activists. Mangwana said the claims were ...Published: 23 Aug 2019 at 16:37hrs | | by Staff Reporter
Zimbabwe economy needs free-market policies to grow
The introduction of the foreign exchange interbank market by the Reserve Bank of Zimbabwe (RBZ) in February 2019 was a major milestone towards free market economics. Even though there are fears of gov...Published: 28 Jul 2019 at 17:59hrs | | by Victor Bhoroma
Government debts weigh on TelOne
State owned fixed telecommunications giant TelOne says unpaid Government debts amounting to $93 million, 62 percent of total debt, are largely the reason it has struggled to meet obligations to critic...Published: 05 Jul 2019 at 07:51hrs | | by Staff reporter
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