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O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | 1061 | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 1385 | by Staff reporter
Zimbabwe speeding into the territory of charter cities
FINALLY, Al Jazeera aired the first of the four-part series documentary Gold Mafia. Social media went into overdrive, with many people condemning the attitude and character of some of those implicated...Published: 25 Mar 2023 at 08:19hrs | 605 | by Paidamoyo Muzulu
Old Mutual tech-hub hosts women coders bootcamp
Old Mutual innovation hub - Eight2Five will this Friday 17 March, host a computer coding training for women in a bid to hone computer programming skills in females as well to rouse interest in more di...Published: 16 Mar 2023 at 08:33hrs | 340 | by Paul Ndou
The Nkulumane Complex: A sleeping giant
The Nkulumane Mall is named after Nkulumane who was King Mzilikazi's son. Nkulumane was born in Mhlahlandlela, near modern-day Pretoria in South Africa. Nkulumane was named after Kuruman, where Dr. Ro...Published: 08 Mar 2023 at 10:18hrs | 4408 | by Mncedisi Nyathi
NUST wins CFA Institute Research Challenge
A team from the National University of Science and Technology (NUST) has won the local competition of the CFA Institute Research Challenge after beating teams drawn from seven other local universities...Published: 04 Mar 2023 at 10:24hrs | 413 | by Staff reporter
All set for the 21st Old Mutual NAMA awards
The stage is set for the 21st National Arts Merit Awards (NAMA) powered by Old Mutual Zimbabwe tomorrow at the Harare International Conference Centre, with the organisers aiming to provide a unique ex...Published: 24 Feb 2023 at 22:01hrs | 160 | by Simbarashe Sithole
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 1360 | by Staff reporter
Nust students complex awaits Mnangagwa commissioning
THE Government, through the Infrastructure Development Bank of Zimbabwe (IDBZ), has completed constructing the massive US$17 million student accommodation complex in Bulawayo.The multi-purpose...Published: 17 Jan 2023 at 15:10hrs | 2032 | by Staff reporter
Harare man in court for insurance fraud
A Harare man is in trouble for insurance fraud after he allegedly swindled Old Mutual Insurance Company of US$2000 through a false claim for his motor vehicle which had been involved in an accident....Published: 17 Dec 2022 at 12:13hrs | 156 | by Staff reporter
‘Startups with diverse founders up-skilled on how to attract investors’
A Venture capital workshop was organized by the US Embassy in partnership with Eight2Five Innovation Hub. The hub has consistently moved towards supportin...Published: 09 Dec 2022 at 16:08hrs | 175 | by Simbarashe Sithole
Marist Brothers wins Old Mutual High School Quiz Competition
Marist Brothers High School reigned supreme at the Old Mutual High School Quiz competition, fending off stiff competition from Zengeza High 1 to land the top prize at a two day event held in Harare on...Published: 09 Dec 2022 at 09:43hrs | 1160 | by Simbarashe Sithole in Harare
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 294 | by Simbarashe Sithole
All set for Old Mutual Schools Quiz grand finale
A nail-biting Old Mutual Schools Quiz finxale is in the offing after ten heavyweight schools won provincial spots to fight out in the national championship tourney to be held next month on 2 December ...Published: 29 Nov 2022 at 13:47hrs | 248 | by Simbarashe Sithole
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 200 | by Staff reporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 930 | by Agencies
Let us decongest Bulawayo CBD Now!
Bulawayo's ever-growing informal sector needs to be decongested to high density and some middle – low density areas. It is a fact that stakeholders need to check and explore something drastic or dis...Published: 15 Nov 2022 at 12:44hrs | 3995 | by Michael Mdladla Ndiweni
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 82 | by Staff reporter
US$30 million for Lupane State University students accommodation
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has released US$30m for the construction of Lupane State University student accommodation and work has already begun in earnest on the seven-hect...Published: 11 Sep 2022 at 11:05hrs | 778 | by Staff Reporter
Parking fees too high for Bulawayo'
BULAWAYO businesses and residents associations have insisted that fees under the new parking system implemented by the Bulawayo City Council (BCC) in partnership with the privately-owned company Tendy...Published: 07 Sep 2022 at 06:40hrs | 403 | by Staff reporter
American economics says ZimStat is run by a clown
UNITED States professor of applied economics at Johns Hopkins University in Baltimore, Maryland, and senior fellow at the Cato Institute, Steve Hanke, has fiercely hit back at the Zimbabwe Statistical...Published: 21 Aug 2022 at 10:05hrs | 1562 | by Staff reporter
US economist says ZimStat boss talking 'rubbish'
AMERICAN economics professor Steve Hanke, who came under fire in Zimbabwe on Wednesday for cooking inflation data, has described the criticism as "rubbish" and defended his controversial formula....Published: 19 Aug 2022 at 06:44hrs | 597 | by Staff reporter
ZimStat debunks Steve Hanke's cooked data
TEMPERS flared over Zimbabwe's rioting inflation yesterday, with the country's chief statistician hitting out at an American economist and the media for querying the validity of data produced by his o...Published: 18 Aug 2022 at 06:46hrs | 621 | by Staff reporter
Zimdollar makes paper gains
The economy has largely stabilised, especially from late last month, as a result of aggressive measures by Government to rein in market indiscipline, and market watchers are confident the latest inter...Published: 14 Aug 2022 at 07:22hrs | 615 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 795 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 781 | by Staff reporter
Zimbabwe's construction boom chokes suppliers
ZIMBABWE is experiencing a massive boom in housing construction spearheaded by the Government and private developers, which has choked supplies of critical raw materials with suppliers now struggling ...Published: 18 Jul 2022 at 08:25hrs | 515 | by Staff reporter
PPC downbeat as inflation shakes Zimbabwe
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of ...Published: 24 Jun 2022 at 07:41hrs | 664 | by Staff reporter
Chamisa lawyer evicted over $24,000 rental arrears
Advocate Sylvester Hashiti, a member of Nelson Chamisa’s legal team during 2018 presidential election result challenge, has been evicted from The Chambers - Advocates of Zimbabwe offices at Old Mutu...Published: 16 Jun 2022 at 13:42hrs | 1941 | by Staff reporter
Highlanders win ZNCC award
HIGHLANDERS were honoured with a Zimbabwe National Chamber of Commerce (ZNCC) Matabeleland Chapter Lifetime Achievement award presented to board member Methuseli Mafu at a Bulawayo hotel on Friday...Published: 14 Jun 2022 at 06:40hrs | 310 | by Staff reporter
'Most Zimbabwe productions are junk,' says Radio Zimbabwe station manager
GOVERNMENT came up with a deliberate policy to support indigenous content in the early, to mid 2000s; a 75% local content policy on both radio and television productions.The same policy howeve...Published: 24 May 2022 at 07:27hrs | 1375 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 893 | by @Jamwanda2 on Saturday
Universities to copy Nust accommodation model
THE Infrastructure Development Bank of Zimbabwe (IDBZ) will replicate the National University of Science and Technology (Nust) student accommodation model at other universities to curb shortages at te...Published: 02 May 2022 at 08:03hrs | 733 | by Staff reporter
Bulawayo's student accommodation complex to be complete by August
THE Bulawayo student accommodation being constructed by the Infrastructure Development Bank of Zimbabwe near the National University of Science and Technology will be completed and commissioned in Aug...Published: 01 May 2022 at 11:16hrs | 612 | by Staff reporter
Official dollarisation unlikely, says OM
DIVERSIFIED financial services group Old Mutual Investment believes an official dollarisation of the local economy is "unlikely in the near term" despite current factors pointing towards that directio...Published: 20 Apr 2022 at 08:09hrs | 709 | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 639 | by Victor Bhoroma
Money heist at CSC pension fund
THE Cold Storage Company (CSC)'s pension fund has been rocked by a scandal involving some former top executives, who are allegedly implicated in the spiriting away of millions of United States dollars...Published: 08 Apr 2022 at 12:11hrs | 1317 | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1053 | by Victor Bhoroma
Headwinds piling up for Zimbabwe
The United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (Fewsnet) has warned of below average harvests this year and a shortlived i...Published: 18 Mar 2022 at 05:37hrs | 1030 | by Staf reporter
Economy expected to grow despite erratic rains
Old Mutual Investment Group believes Zimbabwe's economy may still register strong growth this year despite the erratic rains experienced in the country, which negatively affected farming.The i...Published: 16 Mar 2022 at 05:31hrs | 83 | by Staff reporter
Russia-Ukraine war tremors rock Zimbabwe economy
TREMORS from the Russian invasion of Ukraine are spreading across the world as well as in Zimbabwe as record-high oil prices, excessive spending during forthcoming elections and disruptions of wheat s...Published: 11 Mar 2022 at 18:14hrs | 314 | by Staff reporter
Zimbabwe's annual inflation seen spiking to 105%
OLD Mutual has projected that Zimbabwe's inflation will close the year at 105%, way above what was anticipated by authorities.The central bank projected the country's annual inflation ra...Published: 10 Mar 2022 at 06:10hrs | 365 | by Staff reporter
CBZ to introduce exchange trade fund
CBZ Asset Management says it will introduce an exchange trade fund (ETF) tomorrow, which tracks the Zimbabwe Stock Exchange (ZSE) modified consumer staples index.This comes as the Securities a...Published: 02 Mar 2022 at 05:34hrs | 137 | by Staff reporter
Zanu-PF rams on brickwall in Zambia
RATTLED by the rise of Zimbabwe's main opposition leader Nelson Chamisa's Citizens' Coalition for Change (CC) and its close relations with Zambian President Hakainde Hichilema's ruling United Party fo...Published: 19 Feb 2022 at 18:41hrs | 3162 | by Staff reporter
Top billing homes sprout in western suburbs
DRIVING through the high-density areas in Bulawayo one notices some stunning and magnificent houses that rival and even overshadow many in the low-density areas.Trendy neighbourhoods have spro...Published: 19 Feb 2022 at 18:32hrs | 328 | by Staff reporter
Zanu-PF hits campaign trail in Mashonaland East
THE recently-elected ruling ZANU-PF party Mashonaland East provincial leadership has embarked on a whirlwind tour of the region to mobilise support for parliamentary and local government by-elections ...Published: 02 Feb 2022 at 05:22hrs | 140 | by Staff reporter
Individual who happens to wear a robe robs Peter Moyo over Old Mutual damages?
The Johannesburg High Court on Monday dismissed the R250 million damages claim brought by Peter Moyo against his former employer Old Mutual.In his judgment, Judge Gregory Charles Wright found ...Published: 01 Feb 2022 at 07:18hrs | 2348 | by Staff reporter
Court grants woman R10m maintenance
A Zimbabwean woman based in South Africa has won R10 Million maintenance from the estate of her late partner with whom she was cohabitating for two years.This is after that country's Constitut...Published: 16 Jan 2022 at 09:00hrs | 947 | by Staff reporter
Zimbabwean heads Africa list of women to watch in banking & finance
WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa's financial services sector.The list was compiled following a 3 month entry period which saw...Published: 14 Jan 2022 at 06:38hrs | 1317 | by Staff reporter
Investors shunning Zimbabwe, says Mnangagwa
PRESIDENT Emmerson Mnangagwa yesterday bemoaned lack of funding for various infrastructural projects, admitting that investors were shunning his administration.In a speech at the ground-breaki...Published: 24 Dec 2021 at 07:28hrs | 772 | by Staff reporter
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