Munesu Energy targets 200 EV charging stations
LOCAL e-mobility firm Munesu Energy will roll out 200 electric vehicle (EVs) charging stations across Zimbabwe starting in May as the company seeks to increase the uptake of the latest automobile technology. In an interview with NewsDay Business, Munesu Energy…
Liquid tips Google deal to boost Zim firms
TECHNOLOGY firm, Liquid Intelligent Technologies Zimbabwe, says its strategic partnership with Google Cloud will be a boost for local firms. The Google Cloud Platform, offered by multinational firm, Google, is a suite of cloud computing services that provides a series…
Cottco makes headway on farmers’ debt, clears 90% arrears
STATE-RUN cotton firm, Cottco Holdings Limited (Cottco), has made headways in clearing a debt owed to farmers paying 90% of the US$23,7 million outstanding payments, NewsDay Business has learnt. Last October, the firm revealed that it has begun engaging Treasury,…
Chiefs up for Nyasha Marange’s head over control of USD 1.2 million diamond dividends
Marange chiefs are up in arms with Zanu PF Mutare West legislator Nyasha Marange for allegedly demanding total control of the Chiadzwa Community Trust which is yet to disburse USD$ 1.2 million
Eddie Cross Says Tagwirei Nolonger Part Of Kuvimba, Off Fuel Industry
Former opposition legislator and prominent economist, Eddie Cross, has disclosed that billionaire Kudakwashe Tagwirei is no longer affiliated with the Kuvimba Mining House. This revelation came to light during an extensive interview with a private media outlet, where Cross shed…
Natfoods Volumes Surge 3,4pc For Half Year Period
National Foods volumes for the interim period to December 31, 2023, grew by 3,4 percent to 285 000 tonnes from the comparative period, largely driven by growth from the Stockfeeds. The flour division also contributed to growth, though to a…
SA Banks Caught In UK’s Sweeping Auto Finance Probe
Investec has set aside funds to pay for possible compensation and other costs linked to its auto finance business in the UK as regulators continue with an industrywide probe into whether such loans were sold in a way that treated…
Obrian Mapurisa, Businessman Hires Hitmen To Eliminate His Business Partner
Businessman Obrian Obert Mapurisa is facing accusations of orchestrating a murder-for-hire plot targeting his business partner, allegedly hiring hitmen based in South Africa to carry out the deadly deed. The motive behind this sinister scheme reportedly stems from a failed…
Meet Ken Sharpe: The Driving Force Behind Zimbabwe’s Real Estate Revolution
Harare | Kenneth Raydon Sharpe, commonly known as Ken Sharpe, is not just a Zimbabwean businessman; he is a testament to resilience, vision, and the power of determination. As the Executive Chairman of West Properties Company, Sharpe has carved a…
Water Scarcity Looms In Kariba As Hydropower Production Declines
The Zambezi River Authority (ZRA) has released alarming data indicating a continual decline in stored usable water at Lake Kariba, a key source of hydropower for Zimbabwe and Zambia. This downward trend is attributed to El Niño conditions, sparking concerns…
First Mutual opens new health facility
FIRST Mutual Holdings has expanded its healthcare network by opening a new medical facility in Southerton, Harare to help boost medical tourism and provide accessible healthcare in the country. This brings the total number of First Mutual’s medical facilities countrywide…
SecZim creates a financially savvy generation
THE Securities Exchange Commission of Zimbabwe (SecZim) aims to increase its efforts to develop a generation that is financially literate and knowledgeable about money matters during this year’s Global Money Week running from March 18 to 24. Global Money Week,…
Gold Firms As June Rate Cut Bets Still Intact
Gold prices edged higher on Wednesday after dropping more than 1 percent in the previous session, as investors digested hotter-than-expected US inflation data and still banked on a Federal Reserve interest rate cut in June.
Equity Bank Staff Probed Over Alleged US$16m Fraud
Stock finance is a lending service that allows businesses to borrow working capital against their goods. Agent float loan allows bank and mobile money agents to access unsecured loans for their operations.
