EcoCash streamlines operations under scheme of reconstruction

Business Writer Financial experts say EcoCash Holdings’ recently approved scheme of reconstruction, which will see its fintech businesses consolidate under Econet Wireless Zimbabwe Limited (Econet) is a strategic step towards future…

Meikles business model allows the company to be more agile: FBC Securities

Business Reporter FBC Securities says Meikles Limited’s business model is a high-cash-flow business, allowing the company to be more agile and responsive to market opportunities and threats. In its earnings…

New winter wheat planting record set

Zimbabwe has set a new record of winter wheat hectarage of 121 769 hactres, surpassing the set target of 120 000 hectares, a Cabinet Minister has said. Lands, Agriculture, Fisheries,…

First Capital Bank appoints EY as new auditor, shares flat

Business Writer First Capital Bank (FCB) on Wednesday appointed Ernst & Young, Chartered Accountants (Zimbabwe), as its new auditor, replacing Deloitte & Touche Chartered Accountants after five years of service.…

The Growing Popularity of Online Casinos in Africa

More gamblers are now choosing to play games at online casinos as opposed to going to traditional live venues.

Zimplats records zero LTIs in Q1

Platinum group and associated metals producer, Zimplats, recorded zero lost-time injuries (LTIs) during the quarter ended 31 March 2024, which the company attributed to commitment to workers’ safety. A lost-time…

ZSE turnover increases by 280 percent

Business Writer Zimbabwe Stock Exchange Limited (ZSE) turnover for the 2023 financial year increased by 280 percent to $32,909 billion driven largely by listing fees, which saw a 512 percent…

Sam Levy’s Village on sale, US$120 million price tag set

Business Reporter A cornerstone of Harare’s affluent northern suburbs, Sam Levy’s Village, is on the market for US$120 million. The iconic shopping complex, known for its British-inspired architecture and upscale…

Masimba ex-CEO Malunga elected director at Proplastics, shares jump

Business Writer Shareholders of plastic pipes and fitting manufacturer, Proplastics, on Thursday last week approved the election of former group chief executive officer of Masimba Holdings, Canada Malunga, to the…

CBZ secures US$80 m credit facility from Afreximbank

Tapiwanashe Mangwiro In a significant move to bolster Zimbabwe’s economic landscape, the African Export-Import Bank (Afreximbank) finalised an US$80 million facility with CBZ Bank in the Bahamas on June 12,…

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