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BAT Q1 performance flat, expects stronger H2

HARARE, May 11 (The Source) – Cigarette maker BAT said its first quarter performance was generally flat compared to the comparative period last year, but expects a strong second half anchored by investments in the company’s core brands, which enjoy close to 70 percent market share. BAT chief executive Clara …

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Innscor seeks to delist Colcom

Business Reporter INNSCOR Africa Limited group plans to delist one of its divisions, Colcom Holdings from the Zimbabwe Stock Exchange (ZSE). Colcom has been listed on the ZSE since 1993. In a cautionary statement, Colcom company secretary Mr Andrew Lorimer said yesterday that directors have received notification from its major …

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Zim-Asset brings smiles to Umzingwane

Former educationist Mr Alson Mbuyazwe shows off a maize cob from his field where he is expecting to harvest more than 15 tonnes at a field day held at his homestead in Terrelyne area, Umzingwane District on Tuesday Kiyapili Sibanda, Business Reporter THE Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) …

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Seychelles clears way for Mzembi

Minister Walter Mzembi SEYCHELLES has withdrawn its candidate Alain St Ange from elections to choose the next secretary general of the United Nations World Tourism Organisation (UNWTO). The elections, in which Tourism and Hospitality Industry Minister Walter Mzembi is participating, are on in Madrid, Spain, tomorrow. Seychelles, an African Union …

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8 000 SMEs utilise open window

Minister of Small to Medium Enterprises and Co-operative Development, Sithembiso Nyoni Lovemore Zigara, Midlands Correspondent OVER 8 000 small to medium enterprises (SMEs) have taken advantage of the window opened by the Government to register their business with the Zimbabwe Revenue Authority (Zimra) and formalise their operations. Finance and Economic …

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Q1 miss. . . Byo power station misses upgrade deadline

Bulawayo Thermal Power Station Oliver Kazunga, Senior Business Reporter THE $87 million Bulawayo Thermal Power Station rehabilitation project has missed the first quarter 2017 commencement deadline. The Government secured $87 million lines of credit from India last year for the refurbishment of the thermal power plant, which was built 60 …

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Nigerian digital boom set to boost Ecobank

– Ecobank Transnational Inc, Africa’s most geographically diverse lender, is betting that Nigeria’s plans for a digital revolution will increase the number of its customers in the country more than fivefold over the next five years. The bank is closing branches in the continent’s most populous nation to cut costs …

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Potraz riled by quality of service

THE Postal and Telecommunications Regulatory Authority of Zimbabwe has started writing to telecoms operators whose services fall short of statutory standards. This comes against the background where the quality of service, including call set up time (easy of connectivity), duration of uninterrupted calls and internet speeds have at times been …

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ZOLspot wins international award

ZOL Zimbabwe’s public Wi-Fi platform known as ZOLspot has been awarded the International Arch of Europe (IAE) Award in the Gold category at the International BID Quality Convention to be held in Germany this July, 2017. BID has been existence for 31 years and is known for worldwide for quality …

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