Home / Business (page 10)

Business

Gold steady

Gold held steady near a two-week high yesterday as world equities retreated after the International Monetary Fund (IMF) cut its global growth outlook ahead of the release of minutes from the US Federal Reserve’s March meeting. Spot gold was unchanged at $1 303,73 an ounce at 1145 GMT, having touched …

Read More »

Procurement guidelines for State entities

The Regulations governing public procurement have a bearing on both the Procuring Entity (PE) and on the bidder with the former expected to design the procurement rules which the later should follow. The decentralisation of procurement decision making means that each PE is now responsible for managing its procurement requirements. …

Read More »

Econet Willowvale commissions solar plant

Kudakwashe Mhundwa and Kumbirai Tarusarira Zimbabwe’s largest mobile operator, Econet Wireless, has commissioned a multi-million dollar 466 kilowatt (KW) solar power plant at its Willowvale industrial complex as it moves towards adopting clean and sustainable energy. According to the diversified group, the solar power plant is the largest commercial and …

Read More »

TelOne Partners Zollywood in New Deod Local Catalogue

Local telecommunications service provider, TelOne has announced its first local content catalogue on the Digital Entertainment on Demand (DEOD) streaming platform to give an even better experience to the 20 000 subscribers since its launch in October last year. The local content that includes comedy-drama, Sabhuku Vharazipi, award-winning Neria among …

Read More »

Demand for security estates on the rise

International Staff Reporter Even though the Zimbabwe property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply. Seeff principal in Zimbabwe Patience Patongamwoyo said that in the pre-dollarisation era (before 2009) the main buyers of real estate property in Zimbabwe were …

Read More »

OK launches 2019 Grand Challenge promotion

Enacy Mapakame Business Reporter Zimbabwe’s biggest retail group, OK Zimbabwe yesterday launched this year’s edition of the OK Grand Challenge Jackpot Promotion despite a challenging operating environment. The OK Grand Challenge Jackpot Promotion is the biggest promotion in the country. OK Zimbabwe chief executive officer Alex Siyavora, said this year’s …

Read More »

Govt lays firm footing for Air Zim to compete

Ishemunyoro Chingwere Business Reporter THE coming of internationally acclaimed aviation industry players into Zimbabwe’s airspace does not threaten Air Zimbabwe’s revival prospects, a Cabinet minister has said. President Mnangagwa’s new dispensation is prioritising the revival of Air Zimbabwe as part of measures to increase destination accessibility for tourists, and of …

Read More »

Marimba Park stands to be regularised

Kudakwashe Mhundwa Business Reporter ASPINDALE Park property developers have started preparatory work for the development and regularisation of 2 600 residential stands covering an area of 180 hectares in Marimba Park, an area that had been parcelled out by cooperatives before it was returned to its rightful owners by Government. …

Read More »

Mthuli to update IMF on economy

Africa Moyo Senior Business Reporter FINANCE and Economic Development Minister Professor Mthuli Ncube is in Washington DC, the United States (US), for the International Monetary Fund and World Bank 2019 Spring Meetings, where he will give updates on debt clearance, economic and political reforms. Prof Ncube told The Herald Business …

Read More »

Cabinet Okays Telone Debt Takeover

Government will soon complete the assumption of fixed telecommunications provider TelOne’s US$383 million legacy loans after Cabinet gave its thumbs-up. TelOne managing director Chipo Mtasa said her organisation is currently in negotiations with the relevant authorities over the modalities of the takeover. “We have been made aware that Cabinet passed …

Read More »
error: Content is protected !!