Business

Bitcoin futures trading begins on CBOE exchange in Chicago

Bitcoin has begun trading on a major exchange for the first time. It launched on the CBOE Futures Exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall. In the lead-up to its futures debut, the value of the digital currency has surged. Bitcoin’s introduction to the CBOE has been seen ...

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Councillors concerned over mining activities around Bulawayo city

Bulawayo City Councillors have expressed concerns over the mining activities around the city as they discussed an application for a Special Grant To Mine at Wood Lock Mine. (During the full concil meeting the Mayor Councillor Martin Moyo declared an interest and recused himself during consideration of this item. Councillor Gideon Mangena was opposed to the recommendation of the Town ...

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3 Mugabe laws that will scare away investors in Mnangagwa era

Since the deposition of Zimbabwe’s long-serving dictator Robert Mugabe from power by the military on 14 November, the country has seen an ever-changing citizenry in terms of political choices.During the period when the old former dictator was holed up in his home at gunpoint while under house arrest by the military, one thing was clear, the citizens knew what they ...

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Econet has most valuable customers – report

A telecom industry report this week revealed that Econet Wireless Zimbabwe had the highest Average Revenue Per User (ARPU) of $8,57 between July and September this year, ahead of its main industry rivals Telecel, whose ARPU was $2.63, and NetOne, whose ARPU was $1.86 in the same period. ARPU is a key industry metric used by Telecom operators, investors and ...

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Import bill still relatively high

Finance Minister Patrick Chinamasa has said although there was seemingly an improvement in exports, the overall balance of payments situation remains under pressure, with foreign exchange availability to support domestic production constrained. Announcing the 2018 national budget Chinamasa said the economy’s import bill is still relatively high, with imports estimated to rise to US$6.8 billion, from US$6.4 billion in 2016. ...

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Zesa demands $5 million back from Wicknell Chivayo

THE Zimbabwe Electricity Supply Authority Holdings (Zesa) board will meet next week to deliberate on energy contracts awarded to dodgy businessman Wicknell Chivayo (pictured) amid reports parliament will soon move a motion requesting the Zimbabwe Power Company (ZPC) to cancel energy deals that were awarded to his Intratrek company, the Zimbabwe Independent has heard. This comes at a time ZPC ...

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Biti blasts reintroduction of ZimDollar idea

Former Finance Minister Tendai Biti has said the opposition MDC alliance will offer it’s alternative policy vision and critique of 2018 budget today. “The MDC ALLIANCE will offer its alternative policy vision and critique of the 2018 Budget at 11am, on 8 December 2017 at Harvest House 44 Nelson Mandela Avenue Harare All are welcome,” said Biti. Biti also took ...

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Kwese TV, Local content producers speak

MUTARE – Local content producers, videographers and musicians have lauded, satellite television, Kwese TV which recently began airing in Zimbabwe. A snap survey conducted by this writer in the eastern border city reveals that Kwese TV is expected to provide a platform for content creators who have been affected by piracy. Local content producer Kamo Phuti told this writer that ...

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UPDATED: 3-hour gunfight at Chihuri’s house

A rogue policeman guarding Zimbabwe Republic Police Commissioner-General Dr Augustine Chihuri’s house in Borrowdale, Harare, yesterday morning ran amok after his bid to loot property from the premises was foiled. Police sources said Dr Chihuri’s gardener saw the suspect stealing household property and alerted an officer who had come to the house for a routine inspection at around 9.45am. The ...

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Zimbabwe, China seal new $213 million deal

The People’s Republic of China yesterday extended a $153 million loan facility to Zimbabwe for the upgrade of the Robert Gabriel Mugabe International Airport, as the two countries continue to deepen their bilateral relationship. The Asian giant also announced two grants for the construction of the New Parliament Building in Mount Hampden, including the High Performance Computing Centre being constructed ...

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