finance

TelOne connects landlines to mobile

TELECOMMUNICATIONS company, TelOne, yesterday launched TelOne Connect, a mobile app enabling landline users to make and receive calls on their smartphones or laptops.Advertisements Speaking during the application’s launch in Harare, TelOne’s chief executive, Lawrence Nkala, said the application was set to reshape the communication landscape for many Zimbabweans. “In today’s world, mobility, flexibility, and digital…

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Invictus capitalised assets hit US$83 million

INVICTUS Energy (Invictus) reported a 4,78 percent rise in the value of its capitalised exploration assets for the year ended June 30, 2025, driven by ongoing work at its key gas project in Zimbabwe.Advertisements Capitalised exploration assets are costs incurred by a company in the process of exploring for mineral or oil resources that are…

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Simbisa targets green restaurants

SIMBISA Brands is rolling out restaurant designs focused on sustainability, from energy- and water-efficient kitchens to reduced food waste and eco-friendly packaging.Advertisements In its 2025 annual report, the group said that embedding sustainability into its dining experiences allows it to deliver value to customers while reducing its environmental footprint. “In support of the Green Building…

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LPG traders decry short-term licences

ZIMBABWE’S liquefied petroleum gas (LPG) operators have raised concerns over short-term licensing and the influx of illicit imports, as consumption during the first nine months of 2025 surged by 87 percent.Advertisements According to official data from the Zimbabwe Energy Regulatory Authority (Zera), the country consumed 99,33 million kilogrammes (kgs) of LPG between January and September…

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African insurers aim to cut costs, rebuild trust

INSURANCE firms are tackling high costs by breaking down comprehensive packages into modular, event-based coverage and automating underwriting and claims. To rebuild trust, companies are simplifying policy documents into local languages and using AI to slash processing times, including settling some motor vehicle claims within 48 hours instead of 14 days. These strategies were outlined…

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Role of credit rating in corporate governance, market confidence

By Ephraim ChawonekaAdvertisements IN recent years, credit ratings have become an important element of financial market infrastructure in growing economies. For Zimbabwe, where investor confidence, transparency, and corporate accountability remain a center to economic recovery, credit ratings play a critical role in enhancing corporate governance and strengthening market trust. The establishment of a local rating…

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Zimbabwe to survey rooftop solar boom

ZIMBABWE will next year conduct a nationwide survey of residential rooftop solar systems to measure the country’s growing dependence on alternative energy sources, the energy regulator has announced.Advertisements The move follows a surge in home solar installations, which have become a popular response to chronic power cuts. This has created a vast, privately owned power…

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New Gweru hotel set to boost tourism

CONSTRUCTION of a US$600 000 boutique hotel at the Milan Restaurant site in Gweru is expected to ease the city’s shortage of tourist accommodation.Advertisements The project, a joint venture between Milan Restaurant and Ultimate Bricks and Pavers, is scheduled for completion next year. The 13-room boutique hotel, whose groundbreaking ceremony was officiated by Midlands Provincial…

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