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Cabs Splashes On Sprucing Up Branch Network

By Ishemunyoro Chingwere Financial services provider, Central Africa Building Society (CABS), is set to splash millions of dollars sprucing up its branch network countrywide as it seeks to retain its refreshing appearance in a highly competitive market. CABS joins other banking groups such as Standard Chartered Bank Zimbabwe Limited and …

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Zesa Says It Won’t Pay Salary Arrears

ZESA Holdings has not put a provision in its books of over $120 million in salary arrears from a 2012 collective bargaining agreement, a clear indication of the power utility’s decision not to shoulder the liability. The power utility pleaded financial incapacity to meet obligations for back pay and unsustainable …

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ZIA Commends Powertel

Powertel, a ZESA wholly owned technological wing is making commendable visible mileage in the projects it is implementing under the 100 days’ rapid results initiative as led by the President ED Mnangagwa. This was revealed following two awards which were given to the company by the Chartered Institute of Project …

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Econet’s Ruzivo Expands, Eyes Improved Pass Rate

Econet Wireless Zimbabwe (EWZ), which last year expanded its Ruzivo Smart Learning service to secondary school curricula, says it is targeting improved O’ Level pass rates this year, on the back of increased access to the technology-driven platform, now being accessed by close to a million learners. Speaking about a …

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Imminent Return of Zimbabwe Dollar Ruled Out

Cape Town — A ZIMBABWEAN cabinet minister has ruled out the revival of its currency in the short term. Willard Chitando, the Mines and Mining Development Minister, ruled out such prospects while presenting on Tuesday at a breakfast dialogue in Cape Town, South Africa. Zimbabwe’s mining ministry held the event …

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Zim Needs U.S.$1,5 Billion Annually for Infrastructure

By Livingstone Marufu Finance and Economic Planning Minister Patrick Chinamasa, has said Zimbabwe requires around $1,5 billion annually for infrastructure to kick start economic growth. This comes as the Government moves to improve roads, rail and housing delivery system to stimulate the economy. Minister Chinamasa recently told parliament that a …

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New Airport for Kariba . . . Move to Boost Tourism

Kariba Municipality has availed land to Government for the construction of a new airport that is expected to boost tourism in the prime destination. Speaking after visiting Kariba Airport last Friday, Transport and Infrastructure Development Minister Joram Gumbo said locations for new airports have already been identified in Beitbridge and …

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Mining Sector Set to Benefit Immensely

Zimbabwe’s mining sector is expected to benefit immensely from renewed optimism and bring hundreds of millions of dollars in the coming few years on account of the new political dispensation and new economic thrust by Government, leading regional investment banking firm Akribos Capital Inc (Akribos) has said. In an interview …

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Good News for Zim Economy

By Happiness Zengeni Gold, nickel, copper and zinc are seen as major sources of value for investors in Africa and the world in the medium to long term. This should be good news to Zimbabwe’s resource-based economy whose future growth is underpinned by mining, agriculture, tourism and policy stability. Zimbabwe …

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Fishing Nets Cost Harare $2 Million

By Innocent Ruwende Fishing nets blocking Harare’s main water source, Lake Chivero’s intake chambers, are set to cost the city $2 million through another complete shut-down of Morton Jaffray. Harare Mayor Councillor Bernard Manyenyeni said although the city had managed to remove nets at two intake points and resumed pumping …

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