Browsing category

Business

Zim Slacking-Off On Investor Reforms

Government has been castigated for its snail-paced approach in implementing investor reforms including making easier the channeling of dividend payments to investors. As a result, the country has seen a downward spiral in investment inflows. Many external investors have struggled to access dividend payments owing to foreign currency shortages in the country. The concerns are […]

Taxable Income, Health Crisis Dominate 2021 Budget Consultations

The current tax-free threshold for Personal Income Tax and the deplorable state of affairs in the country’s health system took center stage at the 2021 National Budget Consultation meeting held this morning in Harare amid growing calls for government to prioritize worker welfare and the healthcare sector, 263chat Business has established. The call comes at […]

Econet, PanaBIOS unveil new applications to digitise COVID-19 Certificates, ease cross-border travel in Africa

HARARE – Econet and PanaBIOS have unveiled two new applications that will assist travellers across Africa comply with COVID-19 safety protocols. The applications – the Travel Pass and the PanaBIOS App – have already been adopted by the African Union (AU) and the Africa Centre for Diseases Control (Africa CDC)-led Trusted Travel portal, which simplifies […]

Vic-Falls Stock Exchange To Be Launched This Month

The much awaited Victoria Falls Stock Exchange (VFEX) is set to be launched later this month as ground work for the operationalization of the bourse is nearing completion, 263Chat Business can reveal. The VFEX is a subsidiary of the Zimbabwe Stock Exchange (ZSE) and will be see all its listings quoted in United State dollars […]

EcoCash in bumper $30 million-dollar loyalty rewards promotion

Cassava Smartech’s mobile money platform EcoCash has launched a multimillion dollar loyalty promotion called “My EcoCash Rewards” in which customers will earn points and get rewarded for transacting with EcoCash. The loyalty promotion offers over ZWL$30m worth of guaranteed rewards to customers for sending money, paying merchants, paying bills, buying airtime and data bundles, receiving […]

Global Poverty Levels Spike As Zim Braces For The Worst

Global extreme poverty is set to rise in 2020-the first time in two decades- as effects of Covid-19 disruption takes toll on the global economy that was already reeling from the combined force of conflict and climate change, a latest report by the World Bank (WB) suggests. According to the report released yesterday, an additional […]

Surge in demand for Econet’s self-care solutions

HARARE – Econet Wireless Zimbabwe (Econet) says demand for its virtual self-service platforms is surging as customers adapt, amid ongoing social distancing measures during the Covid-19 pandemic. Zimbabwe, like most countries in the world, introduced a national lockdown in March to combat the spread of the deadly Coronavirus, which has affected millions of people globally. […]

Gvt, Caledonia Deal Sets Gold Target Rolling

The recent signing of a memorandum of understanding between government and global gold miner, Caledonia Mining Corporation is set to give traction to the country’s US$ 4 billion gold economy target by 2023, it has emerged. The MOU, will allow Caledonia to evaluate mining rights, properties and projects in the gold sector that are controlled […]

Bleak Economic Prospects As TSP Comes To An End

As the Transitional Stabilization Program (TSP) enters home stretch, the 2 year-economic blueprint set to end in two months’ time leaves a plethora of loose ends to what it intended to achieve. From depressed external capital inflows, the resurgence of power cuts, inflation, low output from productive sectors to deteriorating standard of living for the […]

Masiyiwa returns to Nigeria with a $100m Data Centre facility

Pan African businessman and Econet Group Chairman Strive Masiyiwa says his Africa Data Centres [ADC] has started construction of Nigeria’s biggest Data Centre. Masiyiwa writes: We recently acquired a 5 Acre piece of land in Lagos, where we are starting construction of one of the largest buildings in the city. In Data Centre terms it […]