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Tips to consider on Facebook advertising in Zim

According to worldwide research site, Global Stats, the giant Social Media platform, Facebook, controls 90% of Zimbabwe’s Social Media market share. This means that if your business’ Social Media Marketing efforts are channelled towards Facebook alone, your return on investment can be impressive because 90% is not a small number. …

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Retail sector to record mild growth

The formal retail sector in Zimbabwe will experience tepid growth, with the grocery retail side set to increase by 1,28% due to an increase in consumer spending, an international financial research body has said. BY TATIRA ZWINOIRA As disposable income decreases, spending is projected to be geared more towards basic …

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NBS in $1m branch expansion drive

National Building Society (NBS) will this year spend $1 million in a branch expansion drive as it seeks to open three more branches, the company’s managing director, Ken Chitando, has said. BY FIDELITY MHLANGA Chitando told the media after the opening of the building society’s third branch in Chinhoyi on …

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ZB shareholders to resolve dividend dispute

ZB Financial Holdings Limited (ZBFH) shareholders meet next month to resolve a dispute over the payment of a dividend to Transnational Holdings Limited (THL). BY BUSINESS REPORTER THL has 26% shareholding in the group and raised a storm after receiving a dividend for 2015 amounting to $658 699. The National …

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Govt rescues Sanganai/Hlanganani expo

THE Zimbabwe Tourism Authority (ZTA) has received a “substantive amount of money” from the government to fund this year’s Sanganai/Hlanganani World Tourism Expo and pay all debts incurred in previous editions. BY TARISAI MANDIZHA Minister of Tourism Walter Mzembi touring the stands at the Sanganai/ Hlanganani World Tourism Expo last …

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12 IPPs now operational

Engineer Gloria Magombo Business Reporter TWELVE independent power producers, out of a total of 30 IPPs licensed by the Zimbabwe Energy Regulatory Authority are now operational, but the regulator says it will not hesitate to revoke the licences where lack of progress is noted. ZERA chief executive Gloria Magombo told …

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Zim has every reason to smile this year

Conrad Mwanawashe Business Reporter Since independence, Zimbabwe has gone through several economic cycles some punctuated by droughts, investment challenges and isolation from international capital but the nation has every reason to smile this year. The crop on farms across the country that has been boosted by the rains that have fallen …

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Commonwealth University honours Kaseke

Mr Karigoka Kaseke Isdore Guvamombe Tourism Matrix The Commonwealth University in collaboration with London Graduate School has conferred combative Zimbabwe Tourism Authority chief executive Mr Karigoka Kaseke with an Honorary Doctorate in Public Administration. Loathe or like him, Dr Kaseke, has a combative leadership style, or should we call it Command …

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Hwange seeks funding for working capital

Hwange colliery Business Reporter COAL miner Hwange Colliery Company Ltd is pinning hopes of accessing working capital on the outcome of the creditors’ management plan meeting to be held at the end of this month. The meeting, to be held on April 26 will determine the company’s ability to raise …

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‘Zimasco ceded exhausted chrome claims’

Minister Jason Machaya Lovemore Zigara, Midlands Correspondent THE Government says it will return exhausted and inaccessible chrome claims which were surrendered to it by ferrochrome producer, Zimbabwe Mining and Smelting Company (Zimasco). Midlands Minister of State for Provincial Affairs, Jason Machaya, said 80 percent of chrome claims ceded to Government …

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