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ZESCO will acquire 130,000 prepaid meters worth US$12.6 million which the company hopes will improve service delivery and revenue collection.
ZAMBIA stands to gain economically once the installation of the optic fibre network is completed, Communications and Transport Minister Geoffrey Lungwangwa has said.
STAKEHOLDERS have called on the Road Transport and Safety Agency (RTSA) to make it mandatory for all public transport vehicles to display the agency's toll free numbers to facilitate easy communication by passengers in an event where a driver contravenes traffic rules.
Harare City Council has set its parking enforcement teams revenue targets for fines from clamping and boasts that it made US$76 582 in the seven days from November 10 to 17 by clamping 585 vehicles and towing 184, well above the targeted US$60 000.
A TOP think-tank sharply raised its forecasts for the global recovery yesterday, and gave a surprisingly upbeat assessment of SA's economy over the next two years.
DAILY and weekly newspapers have all lost circulation, except for the Afrikaans daily Die Son, and the Zulu daily Isolezwe, according to the third-quarter year-on-year figures released yesterday by the Audit Bureau of Circulations (ABC).
Armscor CEO Sipho Thomo has been suspended on full pay pending the outcome of a disciplinary hearing after defiantly refusing to accede to yet another request by the corporation's board for him to resign.
ZAMBIA recorded reduced poverty levels from 80 to 64 percent midway through the Fifth National Development Plan (FNDP) but the country failed to achieve the target average economic growth rate Finance Minister Situmbeko Musokotwane has said.
While the 30 percent alcohol levy introduced last year has raised more than P180 million, to be channelled towards youth development, it has left Sechaba Brewery Holdings Limited with a huge dent which has compromised their overall financial performance.
Analysts expect the interest rate to remain unchanged for the time being as inflation is expected not to move significantly in the coming months.
The just ended sight at the Diamond Trading Company Botswana, though still a long way from normal levels, saw a favourable improvement in sales when compared to the same period last year when virtually no diamonds were sold
International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.
South Africa's main agriculture and farming union has expressed concern about the bilateral investment treaty agreed with Zimbabwe, which is set to exclude South African owned farms that were expropriated by the Robert Mugabe regime during the chaotic land 'reform' programme.
The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week that saw the market awarding the highest weekly return to investors since the beginning of the year.
DELTA Corporation Limited, Zimbabwe's prime producer and distributor of alcoholic and non-alcoholic beverages, has suffered a US$2 million impairment from the disposal of its 30 percent stake in Ariston Holdings Limited at US$4 million.
HAPPYMORE Mapara, the group chief executive officer (CEO) of AICO Africa Limited was this week sent on suspension pending investigations into the operations of the company after falling out with key shareholders at the Zimbabwe Stock Exch-ange (ZSE)-listed conglomerate.
Chromex Mining Plc, which is listed on the London bourse's Alternative Investment Market (AIM), has sealed a purchase deal for a 49 percent stake in Zimbabwean chrome miners Falvect Mining, for what it described as "a nominal consideration".
At the centre of the saga, that was likely to push chicken meat prices skyrocketing, are three major players - Irvine's Botswana, Ross Breeders and Richmark Poultry.
The World Bank has provided a 110 million US dollar credit to Mozambique as direct budget support, under an agreement signed in Maputo on Friday by Planning and Cooperation Minister Aiuba Cuereneia and the World Bank representative in Maputo, Luiz Tavares.
THE names of the three people who were killed when a plane crashed after take-off from Windhoek's Eros Airport on Sunday were released by the Namibian Police yesterday.
MTC says it has been forced to spend more than N$1 million on replacing stolen and vandalised solar panels.
ZANU PF MPs secured immunity for the Reserve Bank governor and his staff after the House of Assembly approved this week amendments to a Bill to reform the central bank. Reserve Bank governor Gideon Gono has repeatedly pushed for immunity.
BRITISH companies will only invest in Zimbabwe when all outstanding issues of the global political agreement are fulfilled, Britain's ambassador to Zimbabwe, Mark Canning, has said. In an interview with the Zimbabwe Independent in Gwanda this week, Canning said although companies were pleased with the gradual stabilisation of the economy since the formation of the inclusive government in February, ...
BANK deposits went up to US$1, 016 billion from US$706 million between June and October, an increase of 44%. The increase in bank deposits within the four months was merely transitory, thus the funds could not be used as long-term loans.
Thousands of taxpayers are this afternoon scrambling to file their tax returns ahead of the deadline.
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