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Zimre Holdings deleted from OFAC’s sanctions list

00Zimre Holdings deleted from OFAC’s sanctions list HARARE – The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has deleted Zimre Holdings from its list of Specially Designated Nationals. Zimre was placed on the sanctions list in 2008 (when Government was still a majority shareholder), at the same time as ZB…

Gvt reverses data tariff hike as Potraz hits out at MNOs for not taking ownership of proposal

00Gvt reverses data tariff hike as Potraz hits out at MNOs for not taking ownership of proposal HARARE – The Ministry of ICT has directed the immediate suspension of tariff increases that were effected two days ago following a directive from state regulator the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).  He also called…

Ecocash partners TransferTo to improve international remittances

00Ecocash partners TransferTo to improve international remittances HARARE – Econet Wireless Zimbabwe subsidiary Ecocash, has partnered with Cross-Border Mobile Payments Network- TransferTo, to expand its cross-border reach for international remittances The partnership means Zimbabweans living and working away from home, can now send money directly to their friends and families’ EcoCash mobile wallets. Econet Wireless…

Fidelity forging ahead with Langford Estate development as ZSE drops 0.5%

00Fidelity forging ahead with Langford Estate development as ZSE drops 0.5% HARARE – Fidelity Life Assurance is forging ahead with its Langford Estate housing development project with the company now seeking proposals for detailed civil engineering designs of the residential infrastructure. Fidelity acquired Langford Farm under a $16 million land for debt swap deal with CFI Holdings and the project…

Zimplats concludes 10% equity sale under vendor financed loan structure

00Zimplats concludes 10% equity sale under vendor financed loan structure HARARE – Zimplats Holdings says its operating subsidiary, the Zimbabwe Platinum Mines (Private) Limited has concluded the issuance of a 10% equity stake to its Employee Share Ownership Trust. In a statement Chief Executive Officer Alex Mhembere said the Trust acquired the 10% equity stake for…

Export targeting not an end in itself – BMI

00Export targeting not an end in itself – BMI HARARE – Increasing exports alone will not be an end in itself in Zimbabwe as structural weaknesses within the country’s balance of payments position, a high degree of political risk and weak productivity will weigh down such prospects, an economic analysis paper published yesterday by BMI…

After Pasi’s experience Government caps Zimra’s CG tenure

00After Pasi’s experience Government caps Zimra’s CG tenure HARARE – The results of the long awaited Zimbabwe Revenue Authority audit have made the headlines. And as largely expected there were a few surprises but nothing overly significant. The same happened with the NetOne report and in the private sector, though instigated by the regulator, with…

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