BancABC deposit capture tops $50 million

HARARE – Atlas Mara Zimbabwean unit, BancABC, has reported more than $50 million in deposit capture in the southern African country for the year ended December 31, 2017 on the…

Oil dips away from late-2014 highs as rising U.S. supply clouds bull-run

SINGAPORE – Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

The uneasy relationship between online betting and mobile money transactions

By Victor Odundo Owuor The growth in mobile money services has created new opportunities for merchants to sell their products and services. One of these is the fast-growing sports betting sector…

Zim establishing insurance fraud fighting unit

HARARE – Zimbabwe will soon set up a unit  specifically to prevent and investigate cases of insurance fraud which  is on the rise in the country, an official has said.

SAA seeks extra R5bn bail-out from state

South African Airways (SAA) is in discussions with the Treasury on a cash injection of about R5bn, which the company needs to cover historic debt and its working-capital requirements until…

Zimbabweans should embrace insurance products

HARARE – Zimbabweans need to embrace insurance for commercial products to cushion themselves against losses arising from theft and robberies.

Bourse maintains positive run

HARARE – The Zimbabwe Stock Exchange’s All Share index extended further gains by adding 1.08 points (or 1, 13 percent) to close at 96.82 as tobacco giant BAT ended $2,…

Dallaglio acquires Eureka Gold Mine

HARARE – Dallaglio Investments (Pvt) Ltd has acquired a 95 percent interest in Delta Gold Zimbabwe (Pvt) Ltd, which operates the Eureka Gold Mine.

Why the business model of social media giants like Facebook is incompatible with human rights

By Sarah Joseph Facebook has had a bad few weeks. The social media giant had to apologise for failing to protect the personal data of millions of users from being accessed…

ZPC gets tough on Chivayo

HARARE – The Zimbabwe Power Company (ZPC) is taking steps to recover part of the money it advanced to Intratek for the construction of a massive $200 million solar power…

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