THE Zimbabwe Stock Exchange (ZSE) has largely been subdued during the first half of the year due to persistent ZiG liquidity challenges affecting trading activity and investor sentiment.At the same time, the secondary bourse, the Victoria Falls Stock Exchange (VFEX) was in the green, buoyed by improved trading volumes as investors tracked foreign-currency denominated assets.The…

ECONET Wireless Zimbabwe (Econet) says Artificial Intelligence (AI) based applications, supported by network upgrades have become central to its operations, enabling a deeper understanding of customer needs.AI is the capability of computational systems to perform tasks typically associated with human intelligence.This comes as telecommunication companies, globally, are transforming operations through advanced data analytics for enhanced…

MEIKLES Limited (Meikles) is strategically focusing on growing its retail store operations in a number of thriving small mining towns across the country, leveraging the sustained economic boom driven by strong mineral prices.Meikles, whose core operations are in the supermarkets segment operating as TM-Pick n Pay, has endured a tough operating environment in urban centres,…

EDGARS Stores (Edgars) has lined up an additional US$800 000 for its manufacturing unit, Carousel, earmarked for factory maintenance and further expansion of production capacity.This comes right on the heels of a US$1 million capital injection from the previous financial year which enabled the Bulawayo-based manufacturing unit to augment its output and supply of clothing…

OK Zimbabwe will go ahead with the proposed recapitalisation plan to raise approximately US$30 million through a rights offer and sale of properties following approval from shareholders at an extraordinary meeting held last week.The grocery chain wants to use proceeds to clear its debts of around US$30 million to suppliers of goods and service providers.“The…