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AfrAsia pays Chanakira $12m

HARARE – Mauritius-based AfrAsia Bank Limited (AfrAsia) will pay prominent banker Nigel Chanakira $12 million following the disposal of his 30 percent…

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TelOne writes off $80m debt

HARARE – Embattled fixed line operator, TelOne, plans to write off overdue debts amounting to $80 million owed by residential subscribers. The…

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Govt mulls electricity tariff hike

HARARE – Government is considering increasing electricity tariffs to make the price of power more “cost reflective”, Energy ministry’s permanent secretary Patterson…

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Inflation drops

HARARE – Zimbabwe’s year-on-year inflation rate shed 0,42 percentage points to settle at 0,86 percent in September on the back of easing…

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Delta lager volumes down

HARARE – Listed beverages maker Delta Corporation (Delta) says its lager beer volumes remain depressed, slumping 12 percent in the quarter to…

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Govt to unveil new economic blueprint

HARARE – Government plans to unveil yet another economic blueprint titled the “Zimbabwe Programme for Socio-Economic Transformation” (Zimpset). This comes as the…

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Electronic transactions increase

HARARE – Zimbabwe’s financial services industry is shifting from traditional transacting methods towards digital banking systems, the Reserve Bank of Zimbabwe (RBZ)…

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Zim, SA trade up marginally

HARARE – Trade between Zimbabwe and South Africa (SA) has marginally increased from R18, 5 billion in 2011 to R18, 8 billion…

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