Stories

Econet Wireless has said it sees a decline in volumes on its mobile money transfer service, EcoCash, due to the deepening cash shortages. “Naturally, because of the cash shortage our…

Zimbabwe Power Company (ZPC), a unit of power utility ZESA Holdings, said yesterday it produced 1.751 gigawatt hours, exceeding its first quarter power generation target for the period by 2.35…

Cash-strapped Bulawayo City Council (BCC) was forced to fund the cost of a government investigation into alleged mishandling of a $60 million property development in the city, latest council minutes…

Steward Bank, a subsidiary of Econet Wireless, yesterday reported its first ever full-year net return, declaring a $5.4 million profit for the period to February 29 from a loss of…

The Rainbow Tourism Group (RTG) has closed its Rainbow Beitbridge Hotel, after the operation failed to make money for the 29 months it has been open. This the second major…

The local unit of South African cement maker Pretoria Portland Cement (PPC) is planning to raise up to R4 billion ($253 million) to pay off debts and to fund current…

Zimbabwe will lobby African countries to support its call to allow for the trade in elephant ivory ahead of this year’s Convention of International Trade in Endangered Species (CITES) conference,…

Zimbabwe’s largest telecommunication company, Econet Wireless, today reported a 42 percent fall in annual profit to $40 million, citing a high depreciation charge and the effects of a government sanctioned…

Britain has added its voice to those who are sceptical about the introduction of bond notes to ease the cash crisis in the country. It says the introduction of bond…

Zimbabwe’s bankers, long criticised for the high bank charges often cited as obstacles to promoting savings and use of plastic money, yesterday confessed to overcharging their customers. The confession, appropriately…