NetOne to revamp OneWallet

State-owned mobile operator, NetOne says it is in the processes of revamping its mobile money platform – OneWallet, as it seeks to leverage on its new partnership with the National Social Security Authority (NSSA).
Posted On 27 Mar 2017

NSSA to buyout NicozDiamond minorities for $8, 5m

The National Social Security Authority (NSSA) is set to complete a plan to buy-out minorities in the country’s largest short term insurer, NicozDiamond. This comes after the pension fund increased its shareholding in NicozDiamond to 44, 9 percent as of November last year. ZSE...
Posted On 27 Mar 2017

Econet angles for mobile data market

Econet Wireless has revamped its data offering to give customers free Wi-Fi on all data bundle purchases. The mobile telecoms services provider has also introduced new weekly data bundles starting from 50 cents.  
Posted On 27 Mar 2017

Buyers for Zim lithium project?

HARARE  –  Regional-focused mining exploration firm Premier African Minerals Ltd has identified a wide and well mineralised central zone within its Zulu lithium deposit in Zimbabwe, adding that it had received “expressions of interest” from unnamed parties.
Posted On 24 Mar 2017

Zimpapers records 14,6 pc jump in operating profit

The country’s largest media house recorded a 14,6 percent increase in operating profit before tax for the year ended December 31 on the back of a reduction in operating costs and borrowings.
Posted On 24 Mar 2017

FBC Holdings to construct new head offices

HARARE  –  FBC Holdings is set to construct new head offices as part of a broader strategy to boost the group’s fixed assets.
Posted On 24 Mar 2017

Slightly over 4 000 kg of tobacco sold

Harare – At least 4 023 kilograms of tobacco worth $10,1 million has been sold through both auction and contract  systems since the selling season commenced last week, the industry  regulator has said.
Posted On 24 Mar 2017

Simbisa’s HY PAT up 4, 7pc

HARARE  – Listed quick service restaurant (QSR) group Simbisa Brands has announced a 4, 7 percent rise in profit after tax to $4, 7 million for the half year to December 31, 2016 as a result of sales growth.
Posted On 23 Mar 2017

FML records massive jump in profit

Leading financial services group First Mutual Holding recorded a massive 9 200 percent jump in after tax profit to $9,3 million in the full year to December 31, 2016 from $0,1 million in the prior year.
Posted On 23 Mar 2017

Proplastics’ PAT rises 4,2pc

HARARE  –  Listed plastics manufacturer Proplastics recorded a 4,2 percent rise in profit after tax to $680 000 for the year ended December 31, 2016 from $652 000 previously.
Posted On 23 Mar 2017