Harare reviews master plan

Property Reporter The Harare City Council yesterday held a workshop to review its master plan that is meant to set out how land within the capital city is going to be used. A city master plan document normally contains aerial photos, illustrations, maps, reports, and statistical information to support the …

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Meikles to expand Victoria Falls Hotel

Enacy Mapakame Property Reporter Hospitality group, Meikles Limited, intends to expand its Victoria Falls Hotel in the resort town as it positions itself to capitalise on the anticipated boon in the tourism sector driven by the expected economic growth. The group is also embarking on massive refurbishment of the hotel …

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‘Harness cross-border opportunities’

Prosper Ndlovu LUSAKA, Zambia OUTGOING Common Market for Eastern and Sothern Africa (Comesa) secretary general, Sindiso Ngwenya, has called on regional member states to harness opportunities offered by cross-border traders through provision of supporting infrastructure and related facilities. In his last address during the opening of the Comesa Council of …

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Business rules: Disrupt or be disrupted

Arthur Marara Think Disruption! Business is about driving other people out of business. This is an offensive statement to some people, but think about this statement carefully and check again if you are offended. Emotions aside, how many businesses that you know closed down due to the coming in of …

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ZB begins work on Plumtree stands

Tawanda Musarurwa  Property Reporter Diversified financial services group ZB Financial Holdings, says it has started work on its Plumtree residential project that consist of 708 high and medium density stands. ZBFH’s group projects and property development is a department within the holdings company, which is responsible for the property investment …

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Masiyiwa inks Cape to Cairo fibre network deal

CAIRO — Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the pan-African group to complete Africa’s terrestrial fibre network stretching across the African continent, the companies said on Saturday. Reuters Liquid Telecom, a subsidiary of Strive Masiyiwa’s Econet Wireless Global, has been building a fibre …

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Trade deficit widens by 34% in first half

ZIMBABWE’S trade deficit has risen by 34% to $1,26 billion for the period February to June 2018, an indication that efforts by government to correct trade imbalances were not bearing any fruits, latest trade data shows. BY MTHANDAZO NYONI During the same period last year, the trade deficit was $937,81 …

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RBZ increases cash injections to $150m

RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages. BY TATIRA ZWINOIRA This came amid reports that the exchange rate for the US dollar had hit the 100% …

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CTC assessing Noic’s 50% acquisition of Petrozim

THE Competition and Tariffs Commission (CTC) has launched a probe into the acquisition of PetroZim’s 50% stake by the National Oil infrastructure Company of Zimbabwe (Noic), NewsDay has established. BY FIDELITY MHLANGA/TINOTENDA MUNYUKWI In an interview with NewsDay last week, CTC assistant director Benjamin Chinhengo confirmed the ongoing probe, but …

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