TelOne switches area codes

Bulawayo Bureau STATE-owned telecommunications company, TelOne, is changing all area codes and modifying telephone numbers as the implementation of the $98 million national broadband project nears completion. In a statement yesterday, TelOne said the area codes have been reduced from 195 to just 20 in line with the International Telecommunication …

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Tobacco auction system under threat

Tobacco auction system is under serious threat as it emerged that buyers are conniving with auction floors to lower golden leaf prices, hence farmers are fleeing to contract system which is offering more attractive price. The highest price for contract so far is $5,80 per kilogramme against $4,99 per kg …

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Zim needs alternative securities exchange

Panashe Sachikonye The Zimbabwe Emerging Enterprise Market (ZEEM) listing requirements and rules, which once approved, will allow small and medium enterprises (SMEs) to list on a secondary bourse, have been with the Attorney-General’s (AG) Office for almost a year now, and are yet to be gazetted into law. The rules …

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OneMoney reaches 1million subscribers

Midlands Bureau THE country`s second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform. Chief executive officer, Mr Lazarus Muchenje, said the new product has the advantage of coming with a debit card, which gives …

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Hwange eyes 300 000 tonnes

Africa Moyo in HWANGE HWANGE Colliery Company Limited (HCCL) is expected to haul 300 000 tonnes of coal beginning this month, as the coal miners eyes a return to profitability. This was said here yesterday by HCCL board member Mr Edward Tome, during the 46th Kamandama disaster commemorations. “. . …

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Delta unveils $160k in infrastructure

Codelia Mondela Bulawayo Bureau DELTA Corporation has availed $160 000 towards infrastructure development in four schools in the southern region of the country as part of its corporate social responsibility. Corporate executive manager, Ms Patricia Murambinda said the fund will be used to construct one school in four provinces of …

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10 Zim firms for DRC mining expo

TEN Zimbabwean companies are set to showcase their products at DRC Mining Week Expo from June 13-15, 2018, under the ZimTrade banner. The expo will be held in Lubumbashi and is expected to open new market opportunities for local products in the DRC following a market survey conducted by ZimTrade …

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Ethiopia opens up to foreign investors

Domestic and foreign investors will soon be able to get a slice of Ethiopia’s booming economy. In a major policy shift, the government is set to loosen its monopoly on several key economic sectors, including aviation and telecoms. The new policy will allow investors buy stakes in major state-owned enterprises, …

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Barclays, ZFU fund young farmers

BARCLAYS Bank of Zimbabwe has entered into partnership with the Zimbabwe Farmers’ Union (ZFU) to assist young farmers develop financial skills. BY MTHANDAZO NYONI In a statement yesterday, the financial institution said it recently, handed over $70 000 to the ZFU for the third phase of the Fit for Life …

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