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Monday, December 9, 2019

Business

Mail and Telegraph Business News

Huawei has signed a deal with Russian telecoms firm MTS to develop 5G technology in Russia. The companies will develop next-generation 5G networks in Russia over the next year, reports said. The deal was agreed as China's President Xi Jinping began a three-day visit to Russia. It comes as some Western countries,...
Postal and Telecommunications Regulatory Authority has urged telecommunication companies to take customer concerns seriously as their sustainability depends on consumers Addressing delegates at the launch of the 2018 Consumer Satisfaction Survey Report based on the survey that was done by Topline Research Solutions (TRS), POTRAZ Director General Gift Machengete said...
PARALLEL market exchange rates have tumbled from a peak of US$1:RTGS$9 recently and remain frozen at US$1:RTGS$6 since last week amid indications the rate could drop further after Government secured a US$500 million facility to boost efficiency on the inter-bank forex market. Traders are slowly gaining confidence in the interbank...
At least US$700 000 disbursed by the world’s soccer governing body Fifa disappeared from a Zifa account and found its way into private bank accounts of some of the association’s executive members, court documents have revealed. Zifa board member responsible for finance Philemon Machana received US$740 000 from the association’s...
The Zimbabwe Prisons and Correctional Services (ZPCS) plans to venture into commercial production of mbanje at Chiredzi Prison to raise revenue to stave off pressure and over-reliance on the fiscus. ZPCS has since formally applied to the Government for a licence to grow mbanje, among other projects earmarked for Masvingo...
ZIMBABWE requires more than US$100 million to replace around 2 000 transformers that were vandalised in recent years, Parliament heard last week. This come at a time when the country is grappling with serious power outages caused by poor power generation at Kariba Hydro-Power Station as water levels in the...
A CHIPINGE man of “extraordinary luck” has dismissed accusations he uses black magic to win prizes after he won a car at the 2019 OK Grand Challenge which came to an end over the weekend. Clemence Muhle, who last year baffled the nation after a bizarre feat in which he won three...
Zimbabwe’s largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country. Shortages of foreign currency have hampered Zimbabwe’s ability to import fuel –...
Zimbabwe Energy Regulatory Authority (ZERA) Senior Engineer Samuel Zaranyika said they are pursuing to put into effect an act that will not allow any house plan to be approved without solar gysers. Speaking on a workshop which was hosted by Guarantee Risk Solar Energy in Harare, Zaranyika said ZERA discourages...
The fuel situation in the country remained critical yesterday despite the hike in prices on Tuesday, triggering transport blues in Harare and Bulawayo as “the revitalised” Zimbabwe United Passenger Company (Zupco), with slashed fares, failed to cope with demand. There were long queues at fuel stations in Harare and Bulawayo...
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