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Companies

BPO Public Relations Officer Gamuchirai Makedenge

Zim hosts inaugural BPO conference

By Business Reporter The Contact Centre Association of Zimbabwe (CCAZ) in partnership with the Econet Wireless’ Omni Contact will next month host Zimbabwe’s first BPO & Contact Centre Conference. Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors to allow enterprises to focus on their core activities and reduce

ZSE lists independent producers to curb power shortages

By Alois Vinga THE Zimbabwe Stock Exchange (ZSE) has moved to encourage Independent Power Producers (IPP) operating in the country to list their companies on the local bourse and take advantage of the capital generation potential existing in the country with hopes this will eventually bridge the current gap of electricity shortages. Speaking to NewZimbabwe.com

Express Links Money Transfer backs ZimFest 2019 as headline partner

By UK Correspondent UK based financial services company, Express Links Money Transfer is backing Zimfest Live as the headline partner this year and also launching a promotional competition with prizes for people to be announced at the cultural and arts festival on Saturday 3rd August at Colesdale Farm Enfield in the UK. The partnership between

Poor wages cited for reduced demand in goods and services

By Alois Vinga BUSINESS experts have attributed the current decline in the demand for products and services to poor wages and other earnings by the majority. Commenting on the situation, Confederation of Zimbabwe Industries president, Henry Ruzvidzo admitted that the impact of the nation’s wage structures is severely affecting local demand goods and services. “While

The tobacco industry has been left reeling by a plethora of problems including lack of finance

Wadyajena dresses down tobacco executive

By Costa Nkomo A senior executive at Ethical Leaf Tobacco, Andrew Mupfawa has been accused of trying to stop a parliamentary committee hearing after attempting to meet chairperson Justice Mayor Wadyajena privately. Wadyajena the chairperson of the Parliamentary Committee on Lands, Agriculture, Climate, Water and Rural Resettlement told an oral evidence hearing into the problems

Cassava Smartech chief executive officer Eddie Chibi

Econet’s Cassava Smartech set to challenge Whatsapp dominance in Africa

By Alois Vinga ECONET Wireless Zimbabwe Limited’s (EWZL)’s subsidiary, Cassava Smartech, has successfully developed a multi-purpose application, Sasai which will be launched soon in a development that is set to challenge Whatsapp’s dominance on the African continent. In statement, the financial technology company said the new application will enable users to go beyond sending texts

Beverages market tanking: Delta

Delta records sharp beer sales volumes drop

By Robert Tapfumaneyi THE country’s leading beverages manufacturer, Delta Corporation, has reported a staggering 57% decline in beer sales volumes in the first quarter of 2019, when compared to the same period last year. According to Delta, sorghum beer volumes grew by 2% against prior year figures while sparkling beverages volumes dropped 79% in the

His policy causing confusion...Finance Minister Mthuli Ncube

Confusion rocks insurance sector as US$ policy holders risk losing value

By Alois Vinga CLIENTS who purchased policies using US dollars during the multi-currency system are set to lose their investment value as some insurance firms have moved to liquidate contracts into Zim-dollars using the prevailing interbank rates while other firms have not officially communicated the way forward. A visit to several insurance providers by NewZimbabwe.com

Econet feels the pinch of Zimbabwe’s repeated power outages

Business Report Mobile operators are feeling the pinch of power outages in Zimbabwe, with blackouts disrupting connectivity and transactions in a country that relies heavily on electronic transactions. Econet Wireless, the country’s biggest mobile operator, said yesterday that even diesel generators had failed to alleviate the problem as power cuts continued for up to 18

Top airlines suspend flights to Cairo, security concerns cited

Aljazeera British Airways and Lufthansa have suspended flights to Egypt’s capital, Cairo, over unspecified security concerns, giving no details about what may have prompted the move. “We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a precaution to allow for further

Minister Mangaliso Ndlovu

Fragmented business representative groups vex government

By Alois Vinga Government has raised concerns over the confusion being caused by the existence of numerous Business Member Organisations (BMOs) operating in the country. Industry Minister, Mangaliso Ndlovu recently told NewZimbabwe.com Business that this was hindering effective representation of business players in the country hence the need to form a unified apex council. Ndlovu

Strive Masiyiwa owns Kwese TV

Trapped funds negatively affecting Econet’s Kwese TV

By Alois Vinga TELECOMMUNICATIONS conglomerate Econet Wireless is struggling to repatriate its funds from Zimbabwe a situation that has negatively affected its bid to pay creditors creating major challenges for its Econet Media owned Kwese TV. Econet Media chief executive officer, Joseph Hundah, told the media recently that the failure to repatriate funds is affecting

Legacy challenges African Sun contract cancellation

By Alois Vinga THE Legacy Hospitality Management Services (LHMS) has challenged the termination of a contract by African Sun Limited signalling what may become a long legal battle in the country’s hospitality sector. In 2015, African Sun entered into an agreement which gave LHMS rights to run hotels which include Elephant Hills in Victoria Falls,

Border Timbers moves out of the woods

By Alois Vinga AGRICULTURAL firm, Border Timbers is swiftly moving out of the woods after recording a profit of RTGS$3.4 million in the period ending March 31 2019, bringing contrasting fortunes with last year when the company made a loss. The company’s judicial manager, Peter Bailey told shareholders Thursday that a net profit of RTGS$3.45

FLA chairman Fungai Ruwende and company chief executive officer Ruben Java

Zim dollar return, low salaries push Fidelity to the brink

By Alois Vinga GOVERNMENT’s move to scrap the ten year-old multi-currency system and designation of the Zimbabwean Dollar as sole legal tender will force Fidelity Life Assurance (FLA) to discontinue insurance products that it was selling in foreign currency. FLA board chairman Fungai Ruwende told NewZimbabwe.com Business Wednesday that the company will also pull out

Harare Agricultural Show transforms to national event, increases exhibition space

By Alois Vinga THE Harare Agricultural Show will this year be rebranded to the Zimbabwe Agricultural Show in a move that has seen the Zimbabwe Agricultural society increasing exhibition space to cater for the event’s new outlook. Speaking to journalists on the new brand Tuesday, ZAS chief executive, Anxious Masuka said that this year’s edition