Business

Local cuisine takes off with Emirates

HARARE, ZIMBABWE – Emirates Airline has delighted passengers from Zimbabwe with a taste of home by serving sadza and other locally-inspired meals on its flights from Harare. The airline’s extensive award-winning menu offers passengers an opportunity to sample flavours of their destination or indulge in familiar, comforting tastes of home. Gourmet meals inspired by local ingredients can be enjoyed aboard ...

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‘Air Zimbabwe fleet too old, noisy’

Air Zimbabwe (Air Zim) cannot fly to Europe and some of their aircrafts are banned from flying into South Africa because they are too old and make a lot of noise, Joram Gumbo has said. Gumbo told senators last week that the government is looking for partners to resuscitate Air Zim. Gumbo said they were allowing other players, particularly Zimbabweans ...

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Zimbabwe’s financial system is living on borrowed time – and borrowed money

Zimbabwe’s financial system increasingly resembles a house of cards. Were one card to give way – for instance, if South Africa’s power utility, Eskom, were to have the temerity to suggest that Zimbabwe actually pay for the electricity that it’s supplying the country – the entire edifice would collapse. To put it another way, the government is bust. It is ...

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RBZ officials call for new economic order

Zimbabwe should consider changing its model of running the economy to ensure higher growth outcomes, senior central bank officials have said. Jesimen Chipika Chipika, deputy governor of the Reserve Bank of Zimbabwe, said the country should move away from colonial era models of running the economy where Zimbabwe has been relying on few lines of products to export and diversity. ...

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Zimbabwe inflation to quicken, says IMF

THE International Monetary Fund (IMF) predicts Zimbabwe’s inflation to quicken, in light of the recent price increments and high premiums on the parallel market. This comes as the IMF has listed Zimbabwe as one of the 20 countries in a “fragile situation” due to fiscal challenges in a regional Economic Outlook for sub-Saharan Africa 2017 report which was launched yesterday ...

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EcoCash launches new service

Econet Wireless’ mobile money platform, EcoCash, has launched a “Swipe into EcoCash” service that enables customers whose banks have not integrated with EcoCash to be able to swipe their monies from their bank accounts into their EcoCash accounts. All ZimSwitch enabled cards can access the facility. Currently only five banks are yet to connect to the EcoCash platform. The service ...

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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 ...

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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 ...

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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 ...

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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 ...

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