adminPowerTel unveils new billing system
INTERNET provider PowerTel is set to introduce a new billing system after acquiring new state-of-the art billing equipment, an official said over the weekend.PowerTel chairman Mr Francis Chirimuuta on Sunday said the new system would allow the firm to bill customers according to actual data bundles used in a month.
Biomass power station on the cards
LUROSA Investments (Private) Limited, has applied for a licence to construct a two- megawatt power station in Chimanimani, Manicaland province, the Zimbabwe Electricity Regulatory Authority has said.Tourism village for Masvingo
Walter Mswazie Business CorrespondentMASVINGO province will soon be home to a US$69 million tourism village to be called Silver Rock City.
The village will have a state-of-the art hotel, conference centre, shopping arcade, family entertainment and other ancillary structures.
Interest rate cuts won’t hurt us: Barclays
Business ReporterBARCLAYS BANK ZIMBABWE says the Memorandum of Understanding signed between bankers and the Reserve Bank of Zimbabwe to cut interest rates will have minimum effect on its net interest income.
Japan predicts output rebound in April
TOKYO. – Japan’s manufacturers predict a rebound in production this month after the deepest slide since the aftermath of the March 2011 earthquake, with the central bank poised to step up monetary stimulus next week.Cyprus may impose 60pc losses on deposits
CYPRUS. – Cyprus may impose losses of as much as 60 percent on Bank of Cyprus Plc accounts exceeding 100 000 euros as part of an aid deal to stop the country from going bankrupt.Climate change policy overdue
Jeffrey Gogo Climate Story
THERE is a problem in the country, one that delays corrective action on the effects of climate change.
For years, there has been talk of formulating a national response strategy to climate change (or a climate change policy) to help deal with the effects of the science in an
Essar to get mining rights — Minister
Golden Sibanda Senior Business Reporter
INDUSTRY and Commerce Minister Welshman Ncube says there are no sticking issues to the transfer of mining rights to Essar Global, which acquired a 60 percent stake in Ziscosteel from Government.
Telecel boss resigns
Telecel Zimbabwe boss Mr Francis Mawindi has resigned hardly a year after he was appointed chief executive officer of the mobile telecommunications company.
In a statement, board chairman Mr James Makamba announced the departure of Mr Mawindi saying he was leaving to pursue other opportunities.