Amid disruptions to business across all sectors caused by Covid-19, the pandemic has been a silver lining for the Information Communication Technology (ICT) sector, as demand for online services has risen significantly. According to Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) deputy director general, Alfred Marisa, the huge demand for ICT services has been…
EDGARS Stores (Edgars) will continue to push its online sales platforms in pursuit of its ongoing expansion programme. This comes as the apparel company is also looking to increase its footprint across the country after opening two new retail outlets last month. The company spent $25,5 million during the 26 weeks ended July 11, 2021…
PROPLASTICS says its profit margins are under pressure from increases in prices of raw materials, which have been driven by shortages. In a trading update for the quarter ended September 30, 2021, Proplastics group chairman Gregory Sebborn said the plastic piping manufacturer is stocking up on consumables as shortages are expected to persist into next…
ZIMBABWE’S foreign currency receipts increased 37,8 percent to US$6,1 billion over the nine months to September this year from US$4,4 billion during the same period last year, the Reserve Bank of Zimbabwe (RBZ) has revealed. Addressing a parliamentary pre-budget consultation seminar in Victoria Falls last week, RBZ governor John Mangudya, said of the US$6,1 foreign currency…
BANKS’ net profit during the half year to June 30 increased to $15,1 billion, a 12,1 percent increase from $13,5 billion recorded in prior year due to an increase in transaction volumes. In their third quarter investment market review for the period under review, Akribos Research Services said the banks’ profitability during the period under…
THE Agricultural Rural Development Authority (ARDA) says it is at advanced stages of exploring export markets for cannabis and industrial hemp. The government first announced plans to introduce industrial hemp farming in 2018 but met lukewarm interest due to steep licensing fees and other strict production conditions, which included a requirement to partner a government…
THE Constitution of Zimbabwe guarantees the right to a fair trial. Connected to this right is the right to be represented by a legal practitioner of one’s choosing. However, in some cases, litigants choose to represent themselves in legal proceedings. This is a perfectly normal and procedural thing to happen. It must be kept in…
HARARE magistrate Sheunesu Matore has removed from remand two Countryside Leaf Tobacco executives who are facing theft of trust property charges after they allegedly received US$30 000 for a tobacco sales floor system for the firm and converted it to their own use. Andrew Matenga (40), who is the firm’s operations director allegedly connived with…
THE most effective way of solving collateral issues, that have blunted agricultural funding and growth (of capital intensive crops), is through the use of a guaranteed free market system under contract farming, a new survey of the agriculture sector shows. Zimbabwean farmers have consistently failed to access funds from the country’s banking institutions since the…
STATE-owned chemical manufacturing company, Chemplex Corporation (Chemplex), says it has raised US$9 million from internal resources, out of a total US$36 million required for capital investment projects, and it expects the government to pump in the balance. The company produces an array of products including water treatment chemicals, fertilisers and raw materials used in the…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More