THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is waiting for approval from the relevant authorities to implement the proposed commodities exchange. The commodities exchange for minerals is a specialised marketplace where standardised contracts for raw and refined metals and minerals are traded. MMCZ general manager Nomusa Moyo told The Financial Gazette that the…

POWER utility Zesa says it is awaiting government approval of the US$455 million Hwange power station refurbishment deal with the Indian-based company Jindal. This deal was structured under a 15-year rehabilitate, operate, and transfer (ROT) arrangement designed to bolster the country’s electricity generation capacity. Zesa acting chief executive officer, Cleopas Nyachowe, told parliamentarians on Tuesday…

FIRST Capital Bank (FCB) has entered into a definitive binding agreement with ASB Hospitality LLC for the disposal of its entire interest in Makasa Sun. The deal, valued at US$30 million, transfers 100 percent ownership of Makasa Sun, whose sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls. The…

DANDEMUTANDE has urged companies to adopt Software-Defined Wide Area Network (SD-WAN) solutions, saying they reduce costs and strengthen security. The SD-WAN cloud network, offered by Dandemutande in partnership with Redvine Networks, manages multiple internet connections at the same time. “The benefit to the business is that you have lower latency, you are reducing jitters and…