Ahead of Starlink launch, TelOne partners Eutelsat OneWeb for high speed internet

Itai Ndongwe TelOne has announced a strategic agreement with British-based global low-earth orbit satellite communications network firm, Eutelsat OneWeb, for internet service to give Zimbabwean consumers high-speed internet access at affordable prices enabling it to...

Zimplow revenue declines 20% in 5 months to May

Itai Ndongwe HARARE - Zimplow Holdings Limited, a leading manufacturer and distributor of agricultural equipment and services, has reported a significant decline in revenue for the five-month period ended May 31, 2024. The company's revenue...

Alleged Financier of Zanu PF Activist’s Campaign Exposed

Controversial businessman Simon Rudland, co-founder of Gold Leaf Tobacco, is at the center of a storm following allegations that he is financing Zanu PF activist Rutendo Matinyarare’s campaign against INNSCOR and its founder Zinona...

FinSec CEO Tapfumaneyi elected CoSSE chair

HARARE - The Committee of SADC Stock Exchanges (CoSSE) has announced the appointment of Collen Tapfumaneyi, CEO of Financial Securities Exchange (FINSEC) as chairman following recent elections. The elections were held during its 64th Bi-Annual...

Local currency code switches to ZWG from ZWL

HARARE - The country's international currency code has switched from ZiG to Zimbabwe Gold (ZWG), according to the Reserve Bank of Zimbabwe (RBZ). Currency codes or ISO currency codes are three-letter sequence codes representing the...

Israel bombed universities in Gaza

By Talkmore Gandiwa The educational landscape of Gaza, once a beacon of hope amidst adversity, now lies shattered and smoldering. The echoes of destruction reverberate across the densely populated strip as Israeli forces, relentless in...

Namib Minerals in deal with Nasdaq-listed acquisition firm Hennessey

Namib Minerals (Namib) has forged a business combination with Nasdaq-listed Hennessey Capital Investment Corp VI (Hennessey) that will make the miner publicly traded. The New York-based miner owns and operates one of Zimbabwe's biggest gold...

Masimba’s order book at US$253m, in negotiations for 10-yr equipment supply deal

HARARE – Masimba Holdings' revenue for the five months ended 31 May increased to US$24.7 million from US$16.5 million reported in the prior comparable period last year,  driven by the company's firm order book...

Milk production rises 20% in five months to May

Talkmore Gandiwa  HARARE - The Ministry of Agriculture is set to source 200 in-calf heifers in a bid to increase genetics and milk production in the country just after the country recorded an upward trend...

Mash Holdings sees23% growth in revenue YTD

Ryan Chigoche  HARARE -  Listed real estate property concern Mashonaland Holdings has reported a 23% surge in revenue in the five months to May 2024 against the prior comparable period. The increase in revenue came...