Business

CEMENT manufacturing giant, Lafarge Cement Zimbabwe (Ltd), has recorded a strong come back from the Covid-19-induced slowdown of business operations as indicated in the company’s half-year performance results.

ZIMBABWE’S cost of living, as measured by the Consumer Council of Zimbabwe (CCZ), food basket for a low income family of six, rose to $14 438 in August from $14 256 in July, representing a 1,27 percent increase.

THE government has, through Statutory Instrument (SI) 223 of 2020, gazetted regulations for the resumption of inter-city travel, which will see operators applying for the routes they want to service to the Commissioner of Road Motor…

FBC Bank has announced the launch of Noku, a smart Digital Assistant who has been equipped with the capability of assisting clients with executing banking and insurance services on Whatsapp at any time of the day...24/7.

In response to the growing customer needs to transact in foreign currency, most banks have responded by upgrading their payments infrastructure to allow processing of nostro payments.

ZIMBABWE Stock Exchange (ZSE)-listed mobile network operator, Econet Wireless, was last night crowned the best performing company on the local bourse at the Financial Gazette's Top Companies Survey 2020 sponsored by financial services…

Mastercard and Zimswitch, Zimbabwe’s national payment switch, have announced a partnership agreement to enable the modernization of Zimbabwe’s payment infrastructure, using Mastercard’s technology, products and services.

THREE weeks ago, President Emmerson Mnangagwa unveiled the National Tourism Recovery and Growth Strategy, which targets to raise $600 million in rescue packages to prop up firms affected by Covid-19’s national lockdown and grow the industry…

ZB Financial Holdings’ after-tax profit for the half year to June increased 375 percent to $1 billion largely driven by non-funded income which grossed $1,8 billion.

IN THE wake of the Covid-19 pandemic, the Agriculture Marketing Authority (Ama) has embarked on an ambitious digitalisation programme to effectively execute its mandate as set out in the Agricultural Marketing Act.

STANBIC Bank Zimbabwe has rebounded from a $624 million loss posted for the half year last year to post an impressive $607,2 million inflation adjusted profit after tax for the half year ending June 2020.

INFORMATION Communication Technology (ICT) minister Jenfan Muswere says the government is committed to providing equitable access to digital technologies to all citizens, including those in rural areas.

POOR governance and a lack of transparency remain the major impediments to Zimbabwe’s quest for economic stability and recovery, a British think tank has said.

THE Zimnat Group has extended its insurance arm into South Africa to enable Zimbabweans living there to take out insurance cover for funeral expenses, including the cost of bringing their bodies back to Zimbabwe should they die in South…

ZIMBABWE launched the first virtual communication and collaboration platform called Glue virtual platform (Glue VP) developed by Africans in the country.

The Zimbabwe Stock Exchange(ZSE) has commissioned a solar plant in an effort to increase power generation in a sustainable way.

ZIMBABWEAN businesses should accelerate the adoption of technology so as to improve efficiency and meet customer needs in post Covid-19 period, industry leaders have said.

Churches in Zimbabwe will now be able to post their services on online platforms, with their followers able to watch for free, on Sasai Watch. 

STANBIC Bank has stepped up functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms, to enable its customers to take full advantage of the interbank rates being implemented through the introduction of the forex…

CASSAVA Fintech International (CFI) and the Liquid Telecom Group (LTG) have announced the launch of Sasai Wi-Fi Finder, a game-changer in driving digital and financial inclusion in Africa.

MBANO Manor Hotel, an all-suite premium luxury hotel based in the resort town of Victoria Falls, officially opened its doors to the public yesterday.

CIVIL society organisations say the government should adopt a scientific and objective debt audit as part of measures to have the country’s odious debts cancelled.

THE World Bank says Zimbabwe is expected to be among the two biggest winners in terms of real income gains from the full implementation of the African Continental Free Trade Area (AfCFTA).

All the main telecommunication companies (telcos) – both mobile and fixed – are set to adjust their tariff upwards today (the beginning of August) or have already done so.

JSE-LISTED Anglo American Platinum (Amplats) lost 521 600 ounces of platinum group metal (PGM) production in the quarter ended June 30 as a result of Covid-10 lockdowns in Zimbabwe and South Africa.