Business

Econet demands cash payments from airtime vendors

ECONET Wireless Zimbabwe, the largest mobile network operator in the country, is demanding cash payments only from airtime dealers in a move that has sparked outrage from airtime vendors in Bulawayo. Airtime vendors who spoke to The Chronicle said the move by the telecommunication company was unfair on them as they use cash for buying basic commodities which cannot be ...

Read More »

Retailers warned over rejecting plastic money

Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has warned some retailers in parts of the Midlands province, who reject mobile money in their shops preferring cash transactions. Mutashu was speaking on the sidelines of the CZR Midlands retailers awards held at a local lodge in Gweru last Friday. He said retailers should embrace cashless transactions, particularly at a time ...

Read More »

Fastjet welcomes Zimbabwe Open Skies

Bulawayo – Low-cost airline fastjet has welcomed the statement by Minister of Finance and Economic Development, the honourable Mr Patrick Chinamasa that Zimbabwe is opening its skies to “any airline that wants to fly as many times as possible.” The opening of Zimbabwe’s skies positions the country as a leading nation in the early implementation of the African Union’s Yamoussoukro ...

Read More »

Ecobank launches mVisa across 33 African Countries

LOME, Togo – Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains – as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or ...

Read More »

Kwese forces DStv to slash monthly subscriptions

MultiChoice Zimbabwe yesterday announced a major decrease of DStv subscription prices and launched a new, affordable, entry level package unique to the local market to be known as DStv Lite. The price decrease and the launch of the new bouquet will be effective today. The reduction is the second one MultiChoice has undertaken in the past two years, having undertaken ...

Read More »

Mugabe’s govt presses panic button

Feeling the heat of the country’s worsening economic crisis, the government has pressed the panic button — threatening a savage clampdown on the media and pro-democracy groups in its desperate bid to quell any possible trouble. This comes as jittery Zimbabweans continue to besiege shops and fuel stations, as fears of worse things to come refuse to go away in ...

Read More »

Beitbridge $60m pipeline construction talk re-emerges

PLANS are afoot for the construction of a $60 million pipeline from Zhovhe Dam that will bring water to 30 000 people and green a large section of Beitbridge district. Or it could just be another blinder by the Zanu-PF government which comes with all sorts of projects they shelve after winning elections, some opposition party members suggested. Zhovhe is ...

Read More »

Nando’s Bulawayo readies to re-open?

THERE seems to be activity at the Nando’s Bulawayo outlet that collapsed in February this year as contractors have been spotted working on the structure, whetting the appetite of the city’s foodies after months of inactivity. Most foodies had been affected by Nando’s closure as it was the only one in the city with the nearest from Bulawayo being in ...

Read More »

Grace buys R45 million house in Joburg

Zimbabwe’s first lady, Grace Mugabe has bought a R45 million mansion in the affluent Sandhurst suburb of Joburg. The news come against the backdrop of a national outrage over allegations she assaulted a 20-year-old Joburg model she found with her two sons at a hotel on Sunday. She had flown into South Africa earlier in the day, just 24 hours ...

Read More »

Zimbabwe inflation decreases

THE country’s year-on-year inflation shed 0.17 percentage points to 0.14 percent in July, figures from the Zimbabwe National Statistics Agency (Zimstat) show. Month-on-month inflation also fell from -0.36 percent to -0.24 percent in June. ‘The year-on-year inflation rate for the month of July 2017 as measured by the all items Consumer Price Index (CPI) stood at 0.14 percent, shedding 0.17 ...

Read More »