Business
Young entrepreneur champions financial inclusion
Staff Writer Wildfin Financial Services founder and executive director David Mantiziba (24) is planning to expend more loans to sole traders and women-led small to medium enterprises this year. In an interview this week, Mantiziba said his firm has established a niche market by serving previously marginalised groups. “Apart from heeding the government’s call for […]
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Econet to upgrade 500 base stations, extend coverage to 300 new sites
ECONET Wireless Zimbabwe, the country’s largest mobile network operator, has announced plans to upgrade 500 of its base stations and deploy an additional 300 new base stations across the country over the course of this year. The company says the move is part of its ongoing efforts to improve network quality and capacity so as […]
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Redcliff pins hope on Zisco revival
DESPITE recording some developmental positives through the Government’s devolution programmes, Redcliff Town believes sustainable and long-term development is hinged on the successful revival of Ziscosteel. The giant iron and steel company collapsed at the height of hyperinflation in 2008 and its demise has frustrated a lot of downstream businesses including the sustenance of key public […]
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New charge imposed on foreign payments
All outward payments from Zimbabwe to any foreign country for the next six months will attract a one percent charge up to a maximum of US$50 000 as part of measures gazetted by President Mnangagwa yesterday to stem the loss of value of the local currency seen in the past few months. The measures are […]
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First Capital Bank Zimbabwe appoints Tapera Mushoriwa as new MD
Financial services provider, First Capital Bank Zimbabwe, has appointed transformative banker, Tapera Mushoriwa , as its new managing director, Business Times can reveal. He replaces Ciaran McSharry. Multiple sources at First Capital Bank Zimbabwe confirmed the latest development to Business Times on Monday. They said an official announcement will be made soon. “The MD (Ciaran McSharry) […]
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Improved power generation eases load shedding. . . Hwange pumps more output to national grid
ZIMBABWE’s power generation breached 1 500MW yesterday as output at the giant Hwange Thermal Power Station jumped to 740MW, a significant improvement that is expected to ease the energy supply burden and boost production efficiency. Following the recent successful synchronisation and commissioning of the 300MW Unit 7 project, the Zimbabwe Power Company (ZPC) is now […]
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Gold output surges
GOLD deliveries to Fidelity Printers and Refiners are steadily rising, with the enterprise recording 21 percent rise to 2,9 tonnes in May this year. The recent rise in gold output has been attributed to improved conditions in mines after the rainy season. “Deliveries rose 21 percent to 2,9 tonnes compared to April and we expect […]
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LPG players petition Zera over gas cylinders
Liquified Petroleum Gas (LPG) wholesale players have appealed to their regulator to review the July 31 deadline which requires them to have their own branded 48kgs gas cylinders, and not to use cylinders not traceable to licensed brands. The conditions by the Zimbabwe Energy Regulatory Authority (Zera) also require LPG wholesalers to meet the minimum […]
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Zim making strides in broadening capital markets
ZIMBABWE is making strides in expanding capital markets to mobilise more financial resources for long-term projects. The local capital markets regulator, the Securities and Exchange Commission of Zimbabwe (SECZIM), states in a report that the enactment of legislation to allow for more capital trading platforms has resulted in local and external investors ploughing more funds […]
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Baldmin clinches manufacturing deal in DRC
Staff Writer Baldmin Projects has clinched a manufacturing deal in the Democratic Republic of Congo (DRC) as the company extends its footprint in the Southern and SADC regions. Baldmin Projects, a division of Baldmin Holdings has been awarded two tenders to manufacture warehouses for Lulu KCC Mine, a division of Glencore group of mines worth […]
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