Business

Zimbabwe $2,4bn agriculture fund launched

Agriculture Reporters Thousands of farmers are set to benefit from a US$2,4 billion agriculture fund launched at the Zanu-PF headquarters in Harare yesterday. The fund is a joint venture initiative between a local organisation Lasch Enterprises and the Zanu-PF Youth League with assistance from various ministries, to help address youth unemployment …

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Today’s Millionaire – Divine Ndhlukula of Securico

Divine Ndhlukula, a Zimbabwean national, is the founder and Managing Director of SECURICO, one of Zimbabwe’s largest security companies. The Harare-based outfit is a market leader in the provision of bespoke guarding services and cutting-edge electronic security solutions. Ndhlukula has done remarkably well. In less than 15 years of doing …

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EU bank mulls giving loans to Zimbabwe’s private sector

HARARE, June 12 (Reuters) – The European Investment Bank is considering extending loans to Zimbabwe’s private sector, more than a decade after the European Union slapped sanctions on Robert Mugabe’s government over charges of human rights abuses and vote rigging. The bank will not lend directly to the government until the …

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World Bank says Zimbabwe growth to nearly stall by 2016

World Bank says Zimbabwe growth to nearly stall by 2016 HARARE, June 11 (Xinhua) — The World Bank has further lowered Zimbabwe’s projected economic growth rate for 2014 from 3 percent to 2.0 percent and predicts the growth to virtually stall by 2016, according to its latest global economic prospects …

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Today’s Millionaire – Shingai Mutasa Masawara

Shingai Mutasa or Shingi Mutasa owns TA Holdings and is the big brains behind the Joina Centre (one of the modern office buildings in Harare metropolitan area). TA Holdings is a diversified group listed on the Zimbabwe Stock Exchange with a current net value of over US$100 million. “My vision is like a …

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Zimbabwean firm unveils sound-based in-store m-payments system

A Zimbabwean technology firm has developed an in-store payments system that lets shoppers pay at the point-of-sale through a sound emitted by their mobile phones. Edgetech Solutions has built an Android and iOS app that uses technology from Brazil-based NearBytes to create one-time passwords in the form of sounds. To …

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WorldRemit partners Zimbabwe’s Econet on money transfers

Source: WorldRemit In the first partnership of its kind, WorldRemit, the global online money transfer service, has partnered with Econet in Zimbabwe to offer customers instant online money transfers to EcoCash mobile wallets. Zimbabweans now have access to the full range of pay-out options that WorldRemit offers, which also includes …

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Masawara Pretax Loss Widens On Investment Losses And Expenses

LONDON (Alliance News) – Masawara PLC Tuesday said its pretax loss widened in 2013 as higher revenues were offset by losses from its associates and other expenses. The investment company, which acquires assets in companies based in Zimbabwe and southern Africa, said its pretax loss from continuing operations widened to …

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Zimbabwe tobacco crop exceeds target

 Zimbabwe’s tobacco crop has surpassed the 171-million-kilogram target set for this year and has sold 175.5-million kilograms so far, although this year’s crop has fetched much lower prices, an official at the Tobacco Industry and Marketing Board said on Monday. SA is the second-largest buyer of Zimbabwe’s tobacco crop after …

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