BUSINESS NEWS

Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Telecoms firms in revenue decline

ZIMBABWE's telecoms sector has suffered a $37,1 million decline in revenue for the first time ever in the past four years.The latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Pot...

By Staff reporter | Published: 16 July 2019

INDUSTRIALS & ENERGY

Power blackouts shatter Bulawayo firms

POWER outages are wrecking Bulawayo's businesses, amid fears that the debilitating electricity cuts may force the closure of some firms, captains of commerce and industry have warned.This comes as Zim...

By Staff reporter | Published: 11 July 2019

INDUSTRIALS & ENERGY

Eskom confirms Zimbabwe paid back the money

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi p...

By Staff reporter | Published: 02 July 2019

INDUSTRIALS & ENERGY

Zimbabwe confirms Eskom payment

Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

More Japanese firms for Zimbabwe

MORE Japanese are set to invest in Zimbabwe in response to the on-going economic reform process with Tokyo and Harare pushing for improved bilateral relations. Japanese Ambassador to Zimbabwe Mr Toshi...

By Staff reporter | Published: 01 May 2019

FINANCIAL SERVICES

Ipec reads riot act to insurance firms

Businesses in the insurance industry that fail or delay paying out claims of admitted liabilities under any policies risk having their operating licences cancelled as stipulated at law, according to t...

By Staff reporter | Published: 26 April 2019

BUSINESS NEWS

Belarus firms keen on Zimbabwe

A BELARUSIAN business delegation yesterday paid a courtesy call on President Mnangagwa at his Munhumutapa Offices in Harare where it expressed interest in cooperating with Zimbabwe in different sector...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

66% of firms to pay 2018 bonuses

A SURVEY has revealed that 66 percent of local firms will pay bonuses this year, an increase of 16 percent from last year. The survey by Industrial Psychology Consultants covered a sample of 71 compan...

By Staff reporter | Published: 20 December 2018

INDUSTRIALS & ENERGY

Private equity firms eye David Whitehead

David Whitehead is in serious negotiations with two unnamed investors seeking to inject fresh capital and revive the struggling textile firm, sources familiar with the talks have revealed. The company...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

3 Chinese firms shut down

ENVIRONMENTAL Management Authority (EMA) recently ordered the closure of three Chinese companies that were setting up coke-processing and solar power plants in Hwange without conducting environmental ...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Firms close for festive season

INDUSTRIES in Bulawayo have started closing for the festive season, optimistic of resuming operations next year under an improved environment. Confederation of Zimbabwe Industries (CZI) Matabeleland c...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

'Engage local firms to save forex'

Priority in public procurement tenders must be awarded to local companies ahead of foreign contractors to boost local industry as well as save foreign currency, according to Finance and Economic Devel...

By Staff reporter | Published: 27 November 2018

BUSINESS NEWS

Top entrepreneurs, firms talk service innovation

A CUSTOMER service symposium held last week attracted Zimbabwe's top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up ...

By Staff reporter | Published: 17 September 2018

TELECOMS & TECHNOLOGY

Telecoms firms merger project talks underway

Talks to merge three telecommunications companies, Zarnet, Powertel and Africom, are underway and will be finalised by the end of the year, businessdigest has learnt.Powertel and Zarnet are both State...

By Staff reporter | Published: 27 July 2018

ZIMBABWE

German firms eye ZSE listing

PRESIDENT Emmerson Mnangagwa says Zimbabwe is expecting German firms to list on the local bourse following a recent engagement visit by Treasury officials.Mnangagwa told delegates at the launch of Esc...

By Staff reporter | Published: 23 July 2018

INDUSTRIALS & ENERGY

Chinese firms tighten grip on energy sector

INCREASINGLY, Chinese companies are eyeing Zimbabwe's opportunity-packed energy sector with great interest, and those that have been able to get tenders have remarkably excelled.In 2015, for instance,...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Mnangagwa dares mining firms

Government is working on a framework that will see all big mining companies in the country returning to full production to enhance their contribution to the fiscus and employment creation, President M...

By Staff reporter | Published: 19 July 2018

MINING & RETAIL

12 mining firms granted prospecting orders

The Mines and Minerals ministry has granted eight mining companies with exclusive prospecting orders for a period of three years while four companies have been granted special grants for the same peri...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

AfDB signs agreements with Zimbabwe firms

The African Development Bank (AfDB) has signed two non-disclosure agreements with Zimbabwean companies,which pave the way for the sharing of information amid optimism the bank would disburse funding t...

By Staff reporter | Published: 15 July 2018

MINING & RETAIL

Zimbabwe firms cut $3m deals in DRC

Zimbabwean Resources companies have cut deals worth $3 million plus with DRC corporations after participating at a mining exhibition in the central African country. The firms are working with large mi...

By Staff reporter | Published: 12 July 2018

BUSINESS NEWS

'Competitiveness eludes Zimbabwe firms'

ONLY 9,7% of firms in Zimbabwe have an internationally recognised quality certificate, a situation that puts local firms on the negative with regards to global competitiveness, a research firm has rev...

By Staff reporter | Published: 03 July 2018

POLITICS

US confirms NGO funds abuse, hints at probe

The United States (US) yesterday confirmed that the quasi-political civil society organisations it had been funding to push the regime change agenda in Zimbabwe squandered funds meant for the "project...

By Staff reporter | Published: 03 July 2018

FINANCIAL SERVICES

Buy from registered firms: Ipec

The Insurance Pensions Commission (Ipec) has urged the public to buy insurance products from regulated insurance institutions amid rising incidences of fake policies.Addressing members of the public a...

By Staff reporter | Published: 02 July 2018

CONSTRUCTION & PROPERTY

Construction firms, workers clash

Construction firms are on collision course with workers, who are threatening to strike and take legal action over a wage hike. The workers accuse the employers of reneging on an agreement reached in...

By Staff reporter | Published: 27 June 2018
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