MOBILE Network Operator Telecel Zimbabwe, has announced the launch of another data offering – Weekly Data Bundles for their Telecel Go prepaid customers. Telecel’s Weekly Data Bundles offer their subscribers a week of all mobile internet access at very affordable rates. The bundles come in 4 denominations which are $1, $2, $3 and $5 with…
THE Pharmaceutical Society of Zimbabwe (PSZ) says the country is facing marked drug and equipment shortages on the back of foreign currency shortfalls. This is despite government’s assertion that the industry continues to be availed the foreign currency that it needs. The deterioration of local industry over the past decade has created a persistent trade…
THE Confederation of Zimbabwe Retailers (CZR) has welcomed the recently gazetted Shop Licences Amendment Act saying it will bring convenience, accountability and transparency to the sector. The Act, which was gazetted a fortnight ago, introduced various legislative reforms aimed at facilitating the ease of doing business. “The short term licences had been a great inconvenience…
LISTED agro-concern Zimplow’s share price was the biggest mover last week, registering a growth of 43, 8 percent to 0,75 cents from 0,12 cents after the company announced that it expected to record increased profit on the back of the current investor-friendly environment. The company is also seeking shareholder approval to buy back 20 percent…
NEW energy firm Bulls Power Fuel has said demand for Liquefied Petroleum Gas (LPG) in Zimbabwe is expected to increase in the next five years due to increased awareness, unreliable electricity supply and affordability. Micheal Munhuwei, the group’s chief executive, made the remarks after the official launch of the Bulls Gas division last Friday, which…
ZB FINANCIAL Holdings’ (ZB) profits have lately come from untraditional channels as earnings from custom sources have been falling, the company’s latest financial statements show. This comes as an unstable monetary environment characterised by currency risk and inflation has put the local financial system out of whack. The financial group’s net incomes from lending activities…
THE Securities Exchange Commission of Zimbabwe (SECZIM) has said it does not recognise crypto-assets as securities. Regulators the world over have been struggling to define and implement definitive rules for the rapidly emerging asset class, which is characterised by digital tokens that exist in decentralised networks, which are based on cryptographic principles. In May, the…
GOVERNMENT should close all bogus insurance companies that are not registered with the regulator and short-changing clients by not paying claims, an insurance executive has said. Takura Dzimwasha, the chief executive of Glenrand, a short-term insurance firm in Zimbabwe, told The Financial Gazette that the closure of non- complaint insurance players would allow the industry…
ZIMBABWE’s sub-optimal monetary environment, characterised by foreign currency shortages and inflation, is a dark cloud over Proplastics, a company that is in an otherwise very strong position. The listed plastic pipe manufacturer, one of the few local companies that have thrived in the face of the crippling economic conditions in the country, faces a serious…
AREN’T these very exciting times, my people? I must admit that I have never felt this good in a very long time. I am really enjoying being the last to laugh. Am thoroughly enjoying all these personal attacks on my person by people I thought were my friends all these years. If an organisation of…
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