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TelOne could lose WIOCC stake over US$10m

Tawanda Musarurwa Senior Reporter Fixed telecommunications services provider TelOne is at risk of losing its shareholding in bandwidth wholesaler West Indian Ocean Cable Company (WIOCC), managing director Chipo Mtasa has said. TelOne has been struggling to meet its United States dollar obligations to WIOCC to the tune of US$10 million, …

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Massive support for national clean-up campaign

Princess Ncube Business Reporter The Peoples Own Savings Bank, the Judicial Services Commission and the Reserve Bank of Zimbabwe’s subsidiary Homelink, last week joined Zimbabweans in the national clean-up campaign. President Mnangagwa launched the national clean up on December 5 last year and will be conducted on the first week …

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RTG Bulawayo facelift to meet ZITF opening dates

BY MTHANDAZO NYONI RAINBOW Tourism Group (RTG) says the refurbishment of its Bulawayo Rainbow Hotel will be completed by March 31, in time for the Zimbabwe International Trade Fair. RTG corporate communications and innovations manager, Pride Khumbula in a statement, said the refurbishment, which commenced on February 1, would cover …

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Retailers appeal for distress fund

Business ReporterRetailers have called on Government to establish a distress fund that will help re-capacitate and restock businesses that fell victim to the looting and vandalism that took place during last week’s violent protests. Confederation of Zimbabwe Retailers (CZR) President Denford Mutashu, said following the looting and destruction of property, …

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China, US trade wars escalate

AS the trade war escalated between the United States and China this spring, American cherry exporters in Washington state unexpectedly found their customs processing slowed at the Chinese border. Unannounced, increased inspections began in late May and in early June. The extra time the inspections took backed up shipments into …

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Vast Resources well-funded for projects

Tawanda Musarurwa Senior Reporter AIM – listed diversified miner, Vast Resources, says it is “well-funded” to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Concession of the Marange diamond fields. According to CEO Andrew Prelea, the group’s recent fundraising initiatives, together …

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Planning for continuity of your business

Succession planning is a critical but often overlooked human resources strategic objective that many organisations do not address in a systematic way. Forecasting on the organisation’s future human resources requirements and having a clear succession plan in place will see the organisation live beyond employees who then resign, retire, are …

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Sustainable planning crucial for cities

Enacy Mapakame Property Reporter Zimbabwe needs to apply sustainable town planning to its cities and towns to enable efficient use of urban space, experts in the real estate and urban planning have said. There has been a rapid urbanisation not only in Zimbabwe, but the rest of the Sub-Sahara African …

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