Innscor grows FY profit 11pct to $34mln
(The Source) – Light manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year … Read More
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Panicked Zim govt threatens clamp down on social media, says economy in ‘sound shape’
(The Source) – Finance Minister Patrick Chinamasa says government will tighten control over use of social media, which authorities blame for fuelling shortages of basic commodities and bank notes in … Read More
Relax visa regime, expert tells Zim
Zimbabwe has to relax its visa regime to attract Nigerian tourists and market the country as a destination for meetings, incentives, conferences and exhibitions (Mice), a tourism expert has said. … Read More
How are foreign investors coping in Zimbabwe? Maybe we can all imitate them
Foreign investment giants like JP Morgan Chase are also feeling the heat in Zimbabwe as far as the foreign currency shortages are concerned. These guys hold stocks in some companies … Read More
EcoCash remodeled website now has increased utilities
No doubt that EcoCash has really grown and they have the stats to prove it. Techzim in June, wrote about the milestone growth of the EcoCash ecosystem, i.e. the merchants, … Read More
Cash shortage affects banking sector jobs
The switch to high-percentage electronic banking, fed by the prevailing cash shortage countrywide, is reportedly taking toll on job security in the banking sectors amid indications that several banks have … Read More
MonaChrome revival anchored on new investor
Chrome smelting company, MonaChrome Private Limited’s full scale revival, is now anchored on the payment of $4 million to its creditors by the new investor, NK Trading, after shareholders and … Read More
Reconstruction of Alaska Smelting Plant begins
Reconstruction of the Alaska Smelting Plant has started nearly two decades after the facility owned by the Zimbabwe Mining Development Corporation, stopped operations. Alaska was shut down at the turn … Read More
Illegal currency dealers counting losses
Some illegal currency dealers who stocked the US dollar over the weekend in anticipation of a monumental collapse of value of bond notes are beginning to count their losses as … Read More
Govt invests $5 million in reservoirs and boreholes
Government has invested $5 million in the construction of reservoirs and drilling of boreholes across the country to enhance water harvesting methods for irrigation to boost agriculture output and provide … Read More
