Tuesday, November 20, 2018
 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...
JOHANNESBURG - South African drugmaker Adcock Ingram posted a 26 percent increase in full-year profit on Tuesday, boosted by cost cuts and higher demand for antiretroviral drugs used to treat HIV. A man runs past the Adcock Ingram offices in Johannesburg, file. REUTERS/Siphiwe Sibeko Headline earnings per share — the main...
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...
$12m worth of dividends trapped in local banks n Reports pleasing set of results for HY18 Kudzanai Sharara The country’s biggest cigarette manufacturing company, BAT Zimbabwe, says it is looking at ways of utilising dividend funds belonging to its major shareholder British American Tobacco Plc’s following its failure to repatriate pay-outs.The...
Martin Kadzere Schweppes Zimbabwe Ltd intends to venture into production of oranges as the company seeks to boost feedstock for its juice processing plant in Beitbridge, according to the group’s chief executive. Schweppes currently gets oranges from the orchards around Beitbridge, which are under severe pressure from strong demand for the...
Tawanda Musarurwa Regional-ocused seed manufacturer Seed Co Limited, says it is looking forward to expand into international markets, namely Pakistan and India.The Zimbabwe-headquartered firm currently operates subsidiaries in Zambia, Nigeria, Kenya, Malawi and Ghana. Group chief executive officer Morgan Nzwere, said the group will leverage on popularity of its seed these...
Kudzanai Sharara Platinum miner Zimplats says it is unfazed by significant headwinds that have resulted in downward pressure on metal prices which have adversely impacted revenues and profit margins. Platinum prices have been on a downward trend since 2011 due to a number of factors that include surplus arising from abundant...