Wednesday, January 16, 2019
Michael Tome HARARE – The Zimbabwe Energy Regulatory Authority (ZERA) has wanred unscrupulous licensed fuel service stations around the country that may be contributing to artificial shortages of petrol and diesel in the country. This comes in the wake of fuel queues and unusual buying patterns (hoarding) that has emerged from...
Enacy Mapakame HARARE - The Postal and Telecommunications Regulatory Authority (POTRAZ) is considering expanding its ICT Innovation Drive as part of efforts to boost entrepreneurship in the sector and enhance its contribution to the economic agenda. The ICT Innovation Drive is a programme that promotes innovation in the sector through funding...
Martin Kadzere Zimbabwe’s largest beer maker, Delta Corporation, recorded 37 percent growth in revenue in six months to September this year driven by strong lager beer volumes. In a trading update on Wednesday, Delta that is 40 percent owned by Anheuser-Busch Inbev, said beer volumes grew by a record 54 percent...
Kudzanai Sharara Chief executive officer Samuel Matsekete is determined to use the re-branding of Barclays Bank Zimbabwe to First Capital Bank Limited (FCB) as a springboard to broaden its offering and provide meaningful solutions to its local and regional customers. While it was never said before, being part of a bigger...
Enacy Mapakame Retail and specialty distribution group, Axia is poised for further growth in the financial year 2019 on higher disposable income especially for civil servants. Market watchers contend rising inflation in the country will also provide room for increased prices in certain lines and run rate in top-line should outperform...
Enacy Mapakame HARARE - State fixed network operator, TelOne revenue for the second quarter of 2018 rose 20,1 percent to $34 million, driving overall growth for fixed network operators. Overall, fixed network also recorded 20,1 percent to $38,8 million from $32,2 million in the previous quarter. According to regulator, the Postal and...
Pauline Mhuka HARARE – Hippo Valley Estates Acting Chief Executive officer, Aiden Mhere, has been proclaimed the 2017 Chartered Secretary of the year. Hippo Valley has the overall responsibility for Tongaat Hullet business in Zimbabwe. Mr Mhere last year championed and succeeded in putting together the commercial framework that led to the...
BH24 Reporter HARARE - Zimbabwe’s largest seed maker SeedCo Limited’s partial unbundling comes to fruition tomorrow (October 5) with the primary listing of spin-off Seed-Co International on the Botswana Stock Exchange (BSE). Seed-Co International will also get a secondary listing on the Zimbabwe Stock Exchange (ZSE), where the parent company already...
Enacy Mapakame HARARE – Listed clothing retailer, Truthworths’ revenue for the year to July 08, 2018 amounted to $16 million, which was 9 percent above prior year’s $14 million. An operating profit of $2 million was achieved in the period compared to a loss position of $1,2 million recorded during the...
Enacy Mapakame HARARE - Industrialists have their work cut out as they converge in Bulawayo next week for the Confederation of Zimbabwe Industries (CZI) annual congress where they are expected to deliberate on industry challenges and map the way forward for its resuscitation and economic boom. CZI president Sifelani Jabangwe said...