Saturday, September 22, 2018
Enacy Mapakame BH24 Reporter GetBucks Microfinance Bank managing director Mercy Murevesi has stepped down from her position to pursue a regional posting with an African multinational financial institution. Mrs Murevesi stepped down with effect from August 31, 2018 and will be replaced by Terence Mudangwe. “The board of directors announces the resignation of...
BH Reporter THE country’s manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achieved in the last two years, with more positive prospects under the new political dispensation. Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter president, who is also manager for General Beltings,...
Enacy Mapakame BH24 Reporter Hospitality group, African Sun Limited reported earnings growth for the half year to June 30, 2018 after operating profit surged 672 percent to $3,8 million on strong business during election period. Revenue rose 29 percent to $27 million buoyed by increased volumes at its hotels. Basic earnings per...
 BH24 Reporter HARARE - EcoCash and Mastercard has announced the launch of EcoCash Scan & Pay, an instant mobile payments solution for consumers and merchants, as part of their efforts to reduce cash usage and increase digital financial inclusion in Zimbabwe. The Scan & Pay payments functionality is available to EcoCash’s...
BH24 Reporter HARARE - Old Mutual Zimbabwe posted an operating profit of $34, 3 million, a jump of 27 percent for the six months period to June 30, 2018. Speaking at an analysts briefing yesterday, Old Mutual Zimbabwe CEO Jonas Mushosho attributed the increased growth in operating profit to strong performances...
BH24 Reporter HARARE - Kwese Iflix which took Zimbabwe by storm during the FIFA World Cup is now the country’s largest television platform with more than 1.2m active account holders. The figures were revealed by Econet Wireless Zimbabwe CEO Mr Douglas Mboweni as he launched a new promotion aimed at pushing...
BH24 Reporter HARARE - Avanti Communications Group Plc (Avanti) has signed a HYLAS 4 Master Distributor contract with iWayAfrica. Avanti is a leading satellite operator and provider of satellite data communications services in Europe, the Middle East and Africa, while iWayAfrica is a pan-African service provider proving telecommunication solutions across the...
Enacy Mapakame HARARE - Agriculture implements group, Zimplow holdings Limited are considering a shareholder approval for a share buy back as it seeks to enhance strong returns for its shareholders. The share buyback scheme should enhance shareholder welfare, help in reduction in cost of capital, enhance earnings per share and the...
HARARE - Zimbabwe’s 2018 tobacco selling season is set to begin around April, two months late compared to the  aditional February opening because the crop is not yet ripe, the  Tobacco Industry and Marketing Board (TIMB) said on Saturday. TIMB public relations and communications manager Isheunesu Moyo told New Ziana that...