October 2024

AfSun forges ahead with assets disposal

HOTELIER African Sun says it will go ahead with the disposal of several assets considered not essential to its future strategic focus as part of its capital raising initiatives to finance other growth areas. (more…)

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October 17, 2024

Companies & Markets

GetBucks banks on new shareholders

By Kudzanai Gerede Companies and Markets Editor GETBUCKS Microfinance bank (GetBucks) is working on a recapitalisation plan with its new majority shareholders to enable the institution to meet the US$5 million minimum regulatory capital threshold. (more…)

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October 17, 2024

Companies & Markets

Choppies flags Zimbabwe amid financial woes…as group gets US$1.8 million government payment in blocked funds

SUPERMARKET chain Choppies Enterprises (Choppies) has confirmed receipt of a US$1,8 million lump sum payment for blocked funds from the government of Zimbabwe aimed at settling outstanding obligations to foreign shareholders and restoring confidence in the business community. (more…)

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October 17, 2024

National Report

Hotel occupancy hits 50pct in Q2

THE country’s average hotel occupancies increased to 50 percent during the second quarter of 2024 compared to 46 percent registered in the same period last year, the latest treasury bulletin shows. (more…)

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October 17, 2024

Sport

Tuchel ‘very proud’ to be named England manager

Thomas Tuchel has been appointed England manager from 1 January 2025. The 51-year-old German, who has signed an 18-month contract, becomes the third non-British permanent manager of the men’s team after Sven-Goran Eriksson and Fabio Capello. Gareth Southgate resigned in July after England’s defeat by Spain in the Euro 2024…

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October 17, 2024

Companies & Markets

Hippo Valley lays out US$15mln capex plan

By Kudzanai Gerede Companies and Markets Editor SUGAR producer Hippo Valley Estate (Hippo Valley) plans to spend US$15 million in the short-term to grow its business and return capital to shareholders, the company said at its 68th annual general meeting this week. (more…)

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October 17, 2024

Lifestyle

Salt Restaurant on Borrowdale Road captivates the crowds.

THERE’S a new Harare landmark on Borrowdale Road. Resembling a space ship, the large metal and glass structure snakes along Kingsmead Road, turning left to face Borrowdale Road. Known as Lifestyle Centre, this is the most recent in a number of shopping malls springing up in and around the suburbs.…

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October 17, 2024

Local miners pledge greater climate action

MINING companies in the country are planning to significantly increase their investments in environmental, social, and governance (ESG) initiatives in 2025, a survey conducted by the Chamber of Mines of Zimbabwe says. (more…)

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October 17, 2024

Tech

Google turns to nuclear to power AI data centres

Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres.…

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October 17, 2024

Opinions

Bank price management and revenue assurance using AI

TODAY’S customers are empowered with real-time information, and they demand the best of everything in abundance and at almost zero price. At the core of these customer demands are more than a dozen technologies which are rapidly accelerating and doubling capability without changing price. (more…)

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October 17, 2024

Saturday, 23 November 2024

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