adminMwana Africa attempts to recall non-executive directors flops
Golden Sibanda Harare Bureau AN attempt by some shareholders of Mwana Africa to recall two Zimbabwean non-executive directors from the board flopped after their requisition for a general meeting failed…
Blanket Mine profit, production tumble
BLANKET Mine’s gross profit for the full year to December 2014 tumbled by 31,4 percent to $20,5million on reduced output which was mainly due to lower head grade, the company…
‘Infrastructure sharing reduces operational costs’
THE suggestion that telecommunications companies should share infrastructure is not an order but a proposal aimed at reducing operating costs and making services cheaper, a Cabinet Minister said on Wednesday.
Gumba defies odds, ventures into mining
Charity Ruzvidzo Business Reporter THE economic participation of citizens as owners of resources and allocation of posts in big corporates in Zimbabwe remains generally skewed in favour of men.
TelOne goes digital, adopts pre-paid system
Sukulwenkosi Dube Plumtree Correspondent TEL-ONE has digitalised its operations and embraced a pre-paid system in a bid to enhance service efficiency and recover money owed by customers across the country.
Comesa sets up virtual varsity
Senior Business Reporter THE Common Market for Eastern and Southern Africa (Comesa) says it will soon set up a virtual university that will work with other universities in the region…
Barclays profit doubles to $6,6m
BARCLAYS Bank Zimbabwe’s after tax profit for the full year to December doubled to $6,6 million from an improved interest income despite recording a 17 percent fall in deposits.
‘Banks guilty over industry collapse’
Oliver Kazunga Senior Business Reporter PROMINENT Bulawayo businessman Delma Lupepe has accused the banking sector of contributing to the closure of companies through “punitive” lending rates that make it difficult…
ZTA in aggressive drive to boost arrivals
Business Reporter THE Zimbabwe Tourism Authority (ZTA) has embarked on an aggressive drive to boost tourist arrivals into the country and receipts from business.
Foreign brewers battle for Ethiopia’s beer drinkers
ADDIS ABABA – International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one…