Browsing: Business

Business
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Bank launches ‘Futuremakers’ to empower youths

Standard Chartered Bank Zimbabwe, last Friday unveiled the “Futuremakers” initiative in collaboration with Junior Achievement Zimbabwe (JAZ) as part of efforts to groom and empower the youths with life changing opportunities.

Business
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US slashes interest rates

The Federal Reserve swept into action on Sunday to save the US economy from the fallout of the coronavirus, slashing its benchmark interest rate by a full percentage point to near zero and promising to boost its bond holdings by at least $700 billion.

Business
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NetOne drama deepens…Board insist on CEO’s suspension

NetOne chief executive officer Lazarus Muchenje remains suspended despite the relief order granted by the High Court on Tuesday to interdict the board from proceeding with a disciplinary hearing, the company has said.

The mobile phone operator wrote a letter to Mr Muchenje through its lawyers on Thursday advising that the High Court order only blocked the board from pursuing a disciplinary hearing, but he remains suspended.

Business
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Speculators risk losing mines

Ishemunyoro Chingwere Business Reporter Government has set in motion a process that will see mining title holders who have been holding onto minerals infested claims without developing them, losing the properties as efforts to ramp up production heat up. This comes as Government is working towards growing annual exports from the mining sector from US$2,7 […]

Business
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Potraz hikes tariffs 57 percent

Panashe Chikonyora  THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has with immediate effect approved a 57 percent upward review for voice, data and SMS tariffs to catch up with the “constantly rising operating costs” affecting the telecoms sector. Potraz said the current prices have become sub economic due to the continual deterioration of […]

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