Business

Business

AT least $600 million has been injected into the rehabilitation of the Harare-Beitbridge Highway, according to the Finance ministry. BY MTHANDAZO MOYO Government last year assigned five contractors ...

There are a number of factors that impact on the ability of Growth Enterprises and SMEs to raise debt or equity capital. Some of these factors include limited ...

ZIMBABWE Stock Exchange-listed cigarette processer, British American Tobacco (BAT) Zimbabwe, says it is confident of posting solid financial results for the full year to December after third-quarter revenue ...

Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw ...

In the present times, when a major chunk of the world’s population is struggling to find ways to entertain itself, there are now, virtual entertainment options available which ...

BULAWAYO-based household products producer, United Refineries Limited (URL) has suspended operations due to an acute water crisis ravaging the country’s second largest city. BY TATIRA ZWINOIRA Perennial water ...

LONDON-quoted resources outfit, Vast Resources says it will commence diamond mining in Zimbabwe once government has lifted the COVID-19-induced lockdown restrictions. BY MTHANDAZO NYONI In March, government announced ...

ZIMBABWE’S industry has called on insurance firms to come up with special policies to cover potential disruptions to business as a result of unexpected risks. BY MTHANDAZO NYONI ...
Econet

BY Kudzai Kuwaza DIVERSIFIED telecommunications group Econet Wireless suffered exchange losses in excess of $6 billion in its financial year and reeled under rolling power cuts that hit ...

BY TATIRA ZWINOIRA NetOne’s property at its shop at the Sam Levy’s Village in Borrowdale, Harare, has reportedly been attached by the sheriff over rental arrears. Do you ...

guest column:David Mhlanga The COVID-19 pandemic came as a surprise to everyone. All the sectors of the economy were affected. The threat of the pandemic caused a total ...

ZIMBABWE’S vision to achieve a US$12 billion mining industry by 2023 could remain a pipe dream if efforts are not directed towards curbing illicit financial flows (IFFs) in ...

TRANSPORT services firm, Unifreight Africa Limited (UAL) says it is planning to purchase shares in Zimbabwe Stock Exchange-listed agricultural implements assembler, Zimplow Holdings Limited (ZHL) for $125,3 million. ...

Launched last December, the GEM portal is a dedicated online platform designed for SMEs in need of raising capital for retooling operations, increase productivity, or to increase their ...

FIRST Capital Bank (FCB) has inked a deal with one of the world’s biggest money transfer agencies to remit funds from Zimbabweans worldwide into the country.FCB said on ...

ZIMBABWE’s monthly cost of living shot by 4,1% to almost $18 000 in September, escalating fears of deepening poverty levels in a country where over 70% of working ...

AIR Tanzania has resumed its twice-a-week Dar-es-Salaam-Harare flights, becoming one of the first airlines to return to the skies after a six-month hiatus precipitated by the outbreak of ...

ZIMBABWE’S biggest business lobby organisation, the Confederation of Zimbabwe Industries (CZI) says it is retrenching its workforce as the excruciating economic environment takes a huge toll on its ...

Executives in the mining sector have expressed confidence that the industry will return to normal operations next year. Do you have a coronavirus story? You can email us ...

BY TATIRA ZWINOIRA GOLD producer, RioZim Limited on Monday said delays by the central bank in releasing foreign currency for gold exports continued to strain its working capital ...

BY MTHANDAZO NYONI RAYMEG Consultants Private Limited (Raymeg), a diversified Zimbabwean company, has been granted a permit to import pure breed rabbits to help bolster commercial rabbit production ...

By Fidelity Hamilton Mhlanga NewsDay/The Standard Business Reporter METROTILE a key supplier of steel roofing material is setting up a new warehouse in Harare set to become a ...

Strive Masiyiwa’s Liquid Telecom, Africa’s largest fibre network provider, has raised US$307 million from shareholders to expand its data centre business. The new money includes an additional US$40 ...

AFRICAN lithium developer, Prospect Resources Ltd (Prospect) has sold its Penhalonga gold project in Zimbabwe to Luzich Resources Africa for US$1 million. Do you have a coronavirus story? ...

ZIMBABWE’S revenue collector said on Monday it was projecting to collect $172 billion this year following a third quarter forecast-busting show that was underpinned by the resumption of ...

BY michelle Munyanduki-Mutungwazi IN the now well-known Intratrek Zimbabwe (Private) Limited versus Zimbabwe Power Company appeal application, the judge highlighted that: “The prejudice, which results from delays in ...

BY TATIRA ZWINOIRA THE International Monetary Fund (IMF) has emphasised that efforts to rebuild Zimbabwe’s faltering economy should revolve around concrete steps to reform its volatile currency and ...

BY SHAME MAKOSHORI BIG publicly-listed Zimbabwean firms and foreign firms may dominate Victoria Falls Stock Exchange (VFEX) as most domestic companies only fall into the profile of start-ups ...

Economic hurdles have continued to become worse as this year proceeds. Economies strapped with cash and less confidence within financial markets have slowed down things immensely. You might ...

Bitcoin is described as a non-government digital currency, which means there is no involvement of the government. It is one of the cryptocurrencies that can help you to ...