Cabinet approves revised Gwanda solar project
CABINET on Tuesday approved the revised implementation plan for the 100 megawatt (MW) Gwanda solar project that commits to deliver the first 10MW within six months after signing of financial … Read More
Category: Companies
RTG buys back $16,7m debentures
Hospitality firm, Rainbow Tourism Group Limited (RTG), has announced plans to buy back $16,68 million worth of debentures issued in 2018. The debenture redemption has been necessitated by depreciation of … Read More
Covid-19 not holding us back: CBZ
LISTED financial services group, CBZ Holdings, says the Covid-19 pandemic has not had any effects on the group’s ability to access lines of credit because such funding is demand driven. … Read More
Digital services bolster Ecobank operations
PAN-African banking group, Ecobank Transactional Incorporated (ETI), the parent company to Ecobank Zimbabwe, says the adoption of digital services has enhanced business resilience amid the disruptive impact of Covid-19. With … Read More
Edcon extends deadline
Edcon’s administrators extended a deadline for offers for the three main divisions of South Africa’s second-largest clothes retailer, whose sales suffered from pandemic restrictions. Binding offers are now expected in … Read More
JSE fines Tongaat Hulett
The Johannesburg Stock Exchange (JSE) has fined sugar producer Tongaat Hulett R7,5 million and publicly censured it for publishing financial statements that contained errors. “Tongaat Hulett notes and accepts both … Read More
Fuel price unchanged
Energy sector regulator, the Zimbabwe Energy Regulatory Authority (Zera) said yesterday fuel prices remain unchanged this week despite the local currency depreciating by 11 percent against the United States dollar. … Read More
Partial tourism sector re-opening hailed
THE Zimbabwe Tourism Authority (ZTA) has welcomed further relaxation of the national lockdown under level two saying the move is a positive step towards full re-opening of the tourism sector. … Read More
Zim cracks down on illegal miners…. Targets miners in protected areas
The Government has started a process of removing illegal miners in protected areas including national parks and forest estates, a senior official has said, in a move also expected to … Read More
RBZ hikes bank policy rate
The Reserve Bank of Zimbabwe (RBZ) on Tuesday more than doubled the bank policy rate in order to curb speculative borrowing, support smooth functioning and sustainability of the foreign exchange … Read More
