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Merlin finalising $5 million funding facility with govt

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next “few” weeks, an official has said. BY MTHANDAZO NYONI In his progress update report presented at the creditors’ meeting held in Bulawayo recently, Merlin judicial manager, Cecil Madondo, disclosed that he had …

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Zim companies clinch $3m deals in DRC

ZIMBABWEAN mining companies recently clinched business deals worth over $3 million at the just-ended DRC Mining Week, ZimTrade has said. BY MTHANDAZO NYONI The expo, attended by 10 Zimbabwean mining companies, was held in Lubumbashi in the Democratic Republic of Congo (DRC)from June 13 to 15. “In spite of its …

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‘Broaden access to ICTs’

Golden Sibanda Senior Business Reporter President Mnangagwa has challenged the Postal and Telecommunications Regulatory Authority (Potraz) to be more transparent in the deployment of the universal services fund (USF) to ensure broader access to postal and telecoms services. Speaking after officially opening the telecoms regulator’s $22 million head offices in …

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SECZ launches C-Trade

Tawanda Musarurwa C-Trade, the online and mobile shares trading platform was launched yesterday effectively opening up Zimbabwe’s capital markets to all and sundry. It’s the first of its kind in the Sub Saharan African region. The platform will enable investors, both local and foreign to purchase securities from anywhere in …

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Zimra board pockets $300k

Africa Moyo Business Reporter Zimbabwe Revenue Authority (Zimra) board members made rich pickings from fees and allowances last year after pocketing a combined $292 582 last year, representing a 9 percent rise from the prior year. The Zimra board has 10 members who were appointed on June 26, 2015. In …

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Harare reviews master plan

Property Reporter The Harare City Council yesterday held a workshop to review its master plan that is meant to set out how land within the capital city is going to be used. A city master plan document normally contains aerial photos, illustrations, maps, reports, and statistical information to support the …

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Meikles to expand Victoria Falls Hotel

Enacy Mapakame Property Reporter Hospitality group, Meikles Limited, intends to expand its Victoria Falls Hotel in the resort town as it positions itself to capitalise on the anticipated boon in the tourism sector driven by the expected economic growth. The group is also embarking on massive refurbishment of the hotel …

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‘Harness cross-border opportunities’

Prosper Ndlovu LUSAKA, Zambia OUTGOING Common Market for Eastern and Sothern Africa (Comesa) secretary general, Sindiso Ngwenya, has called on regional member states to harness opportunities offered by cross-border traders through provision of supporting infrastructure and related facilities. In his last address during the opening of the Comesa Council of …

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Business rules: Disrupt or be disrupted

Arthur Marara Think Disruption! Business is about driving other people out of business. This is an offensive statement to some people, but think about this statement carefully and check again if you are offended. Emotions aside, how many businesses that you know closed down due to the coming in of …

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ZB begins work on Plumtree stands

Tawanda Musarurwa  Property Reporter Diversified financial services group ZB Financial Holdings, says it has started work on its Plumtree residential project that consist of 708 high and medium density stands. ZBFH’s group projects and property development is a department within the holdings company, which is responsible for the property investment …

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