Stories

The board of Tetrad Holdings are challenging the call by the provisional judicial manager of its banking unit to liquidate it, accusing him of refusing to engage with the potential investor.

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The managing director of state-owned mobile operator NetOne, Reward Kangai has bemoaned the effect of social network applications such as Whatsapp, Viber, skype and others, saying they are eating into mobile network operators’ revenues while enjoying unfair competition as they do not pay tax.

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Harare City Council is reviewing lease agreements for properties it rents out which it said were drafted during the colonial era and were outdated, an exercise that could increase its revenue by at least  20 percent, an official has said.

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Zimbabwe’s major opposition parties have called on Zimbabweans to redeem themselves from the current predicament of penury, poverty and deprivation saying people did not fight for the freedom to flee their country and become victims of xenophobic attacks in neighbouring countries.

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Government is drafting laws aimed at protecting internet users and fight cyber crime and bullying which is now said to be rampant in Zimbabwe, an official has said.

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The European Investment Bank has pledged to extend financial support to the private sector in Zimbabwe but ruled out any fiscal support to government as the country was an unattractive borrower because of the arrears to various multilateral institutions.

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The Postal and Telecommunications Regulatory Authority of Zimbabwe  (POTRAZ) says issues surrounding Telecel Zimbabwe’s licensing are being complicated by its failure to comply with the country’s indigenisation law.

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Zimbabwe’s economy is this year seen  contracting  by four percent,  weighed down by weak mineral prices and poor foreign direct investment flows, research by a brokerage firm has shown.

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The European Union (EU) says Zimbabwe needs to refine its business environment which continues to deter potential investors from the bloc’s member states.

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Zimbabwe’s mobile phone operators have registered an 18 percent decline in revenue to $907 million in the full year to December compared to the same period in 2013, as voice traffic continues to dip amid growth in non-voice platform usage, a report by the industry regulator has shown.

(606 VIEWS)