Business
read all interesting business stories on zimbabwe news spiked. Newsdzezimbabwe business is updated every day and is very reliable.
Disney Plus Streaming Service: Release Date, Price, Shows and Movies to Expect
Here’s everything we know about Disney Plus, the entertainment giant’s Netflix-like push into global streaming. Disney is betting big on its 2019 streaming service called Disney Plus, and it put (almost) all its cards on the table last month. In a three-hour event, Disney revealed the release date, price, shows and movies planned for its Netflix competitor. Disney…
MTN Files Application for Listing With SEC, NSE
MTN Group Plc has filed an application for public listing with the Securities and Exchange Commission and the Nigerian Stock Exchange. The company applied for registration of shares and a listing on the NSE. SEC confirmed in a statement on Monday that the commission had received an application from the telecom giant. The statement read in…
MTN Share Price Rise After Board Changes
The share price of Africa’s largest mobile operator, MTN, rose 2.78 percent on the JSE after it announced several changes to its board in a bid to strengthen its executive team. The share closed at R105.30 on Friday. MTN has appointed Former Deputy Minister of Finance Mcebisi Jonas as its chairperson-designate to replace Phuthuma Nhleko,…
Google Play 2019 App Award Winners Revealed Ahead of I/O
To kick off its I/O developer conference, Google announced the winners of the fourth annual Google Play Awards. App developers vied for nine categories that provided the best experience for users, made an impact on communities and raised quality content in the app store, according to Google. Google revealed the award nominees in April. All the winners can be found here. Here’s a…
How to Watch Livestream Google I/O 2019 Developer Conference
Google I/O 2019 Developer Conference
Inaugural Agricultural Sector Survey welcomed
By Tatenda Mujeyi The Deputy Minister of Agriculture, Vangelis Haritatos, launched the inaugural Agricultural Sector Survey in partnership with Zimbabwe Agricultural Society (ZAS), Financial Gazette and AEDS as the consultant with funding from CBZ and National foods last month. The event was attended by the Minister and Ministry heads, ZAS executive board, business leaders, bankers,…
Spotify Doubles Apple Music Members After Hitting 100 Million Subscribers
Less than a month ago, it was revealed that Apple Music had overtaken Spotify in terms of paid subscribers in the US – a milestone for the music streaming service – but Spotify’s latest earnings report shows that it’s still well and truly dominating the overall global market. “Premium Subscribers grew up to 100 million, up 32%…
Italy responds to emergency needs in Zimbabwe
The Italian Government has contributed €250,000 to respond to the needs of communities affected by Cyclone Idai in Zimbabwe. The contribution, provided to the World Food Programme (WFP), will support immediate food needs in the worst-affected areas of the country. An estimated 250,000 people in seven districts of Zimbabwe were directly affected by Cyclone Idai,…
Long winter looming in the education sector
By Obert Masaraure The ruling elites and their allies in the business world have launched a brutal onslaught on the working class under the anti-people austerity measures. The freezing of salaries at a time when prices of basic goods and services have shot up by up to 400% since January have condemned the working class…
Extent to which inherited knowledge systems are constraining African Imaginations
By Charles Dhewa The introduction of exotic crops, fruits and livestock into Africa was initially guided and informed by the way indigenous crops, livestock and fruits performed in different micro climates. Unfortunately, instead of cultivating co-existence between exotic and indigenous foods, the colonial knowledge system has sought to completely replace indigenous crops, fruits and livestock…
Disaster Preparedness and Response are vital tools
By Lovemore Chazingwa (News Correspondent) Communities vulnerable to natural disasters need be geared for preparedness and response in order to mitigate the effects of such calamities, an expert in disaster management has said. Responding to questions on the sidelines of a recent workshop on water, sanitation and hygiene (WASH) organised by international non-governmental…
Liquid Telecom Partners SITA to Deliver Provincial Broadband Services in Eastern Cape
Liquid Telecom South Africa, part of the leading pan-African telecoms group Liquid Telecom, has concluded an agreement with SITA to deliver much needed broadband services to hospitals, schools, clinics and provincial offices. The high-speed broadband services will enable the Eastern Cape Provincial Government to deliver services to its citizens, using technology to enhance their overall…
Zimbabwe: Are MNOs Really Overcharging? . . . Evidence May Not be What Customers Want to Hear
It is not every day that you see an industry regulator defending the prices of products and services offered by industry players that it regulates. But this is exactly what the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) had to do recently. Faced with a barrage of criticism and an international report (that has…
MTN Appoints Mcebisi Jonas S.A’s Former Deputy Finance Minister as Chairman-Designate
South Africa’s Former Deputy Finance Minister Mcebisi Jonas
Don’t Tempt Us To Invite MTN Says Energy Mutodi in Response to Data Tariff Adjustment
Deputy Minister of Information, Publicity & Broadcasting Services, Energy Mutodi
Nelson Chamisa’s Workers’ Day Message: We have a legitimacy crisis
President of the MDC Allaince, Nelson Chamisa said on account of the disputed election in 2018, Zimbabwe has a crisis of confidence and deficit of trust born out of a political crisis of legitimacy. Speaking to thousands of workers at Dzivarasekwa Stadium yesterday, Chamisa said the crisis of governance manifests itself as an economic crisis….
UNWTO partners with Telefónica to promote tourism sector digitalisation
. The framework agreement between the two organizations was signed in Madrid by Jaime Cabal, Deputy Secretary-General of the World Tourism Organization, and by Eduardo Navarro, Director of Communication, Corporate Affairs, Branding and Sustainability of Telefónica. • The alliance, whose first phase will be in effect until the end of 2020, revolves around four initial…
ActionAid Zimbabwe launches One Global Campaign on Women Labour, Decent Work and Public Services
During commemoration of Workers Day 2019, ActionAid Zimbabwe, which is part of a global ActionAid International (AAI) family, launched a One Global Campaign on 1 May 2019 with calls on the government to provide women friendly public services, care facilities to reduce the burden of unpaid care work of women and a plea to end…
Google Workers Hold a Sit-in May 1 (Workers/Labour Day) to Protest Alleged Retaliation
Google workers staged a sit-in yesterday Wednesday to protest alleged retaliation from management toward employee organizers at the company. The demonstration, which started at 11 a.m. Wednesday, will be six months to the day of last year’s historic walkout, in which 20,000 Google workers left their offices to protest the company’s handling of sexual harassment allegations directed at key…
ZIMCODD solidarity statement on May Day celebrations
By ZIMCODD Information The Zimbabwe Coalition on Debt and Development (ZIMCODD) joins the Zimbabwe Congress of Trade Unions (ZCTU) and workers, the world over, in commemorating the International Workers’ Day! It is worrying that this year Workers’ Day is being commemorated in the midst of a deep socio-economic crisis in Zimbabwe, worsened by neo-liberal policies…
Econet Wireless Data Bundle Price Adjustment Largely Expected And Unavoidable
The country’s largest mobile network operator Econet Wireless Zimbabwe has adjusted its data bundle tariffs upwards in a move that was largely expected, following State-owned competitors NetOne and Telecel’s data bundle price adjustments a few days back. Econet’s new data portfolio now offers a wider selection as it now gives subscribers more bundles to choose…
Apple iPhone Sales Drop, With Services and Wearables Offering a Boost
Apple’s iPhone sales continued to slip in its latest quarter, but the tech giant’s results were still ahead of Wall Street’s expectations. The Cupertino, California, company on Tuesday reported iPhone revenue for the fiscal second quarter fell 17% to $31.1 billion. The result beat analyst projections of $30.5 billion, according to Bloomberg. As a notable bright spot, services…
ARTUZ May Day Message: Uniting Workers to Crash Austerity
By Obert Masaraure The ugly implications of Mthuli’s austerity package are now haunting all citizens as we predicted. Bread which used to cost .90 cents in January 2019 now costs up to $3.60, a 400% rise. Incomes have either remained stagnant or just slightly increased, teachers and other civil servants were awarded a meagre 29%…
Data Tariffs Soar As Crisis Bites
Mobile network operators became the latest sector to increase prices for their products with an upward adjustment of tariffs for broadband services following the floating of the country’s local currency against the United States dollar. Zimbabwe liberalised its exchange rate on February 22 when it introduced an interbank market for foreign currency trading. The new…
The opportunity cost of industrialisation in developing countries
By Charles Dhewa The African spiny horned cucumber is abundant in Southern Africa this farming season. Like other natural crops, it does well in seasons characterised by global warming-induced drought such as the one ravaging Mozambique, Malawi, South Africa, Zambia and Zimbabwe this year. Replaced by the English cucumber, the African cucumber has been completely…
Zimbabwe Tourism in Dubai for the Arabian Travel Market
Zimbabwe will be participating at this year’s edition of the Arabian Travel Market Fair to be held in the United Arab Emirates, Dubai from 28 April to 1 May 2019. The Fair will provide a platform for the country to increase destination awareness to key tourism stakeholders and invited international buyers and media houses. The…
Massive gig closes ZITF curtain
By Lovemore Chazingwa Bulawayo Coming hard on the heels of this historic diamond jubilee trade fair is an equally pulsating show that has all the ingredients of a thriller. The showdown bash at Queens Sports Club today is a gig weighing in on a fair that has lived to its billing. The…
A China’s Coffee Disruptor Luckin Plots To Raise $800 Million To Challenge Starbucks
Luckin, China’s upstart coffee brand, has an audacious plan: convince China to switch from tea to coffee, overtaking Starbucks while they’re at it. It’s an expensive proposition, so they’re relying on an IPO — and a Silicon Valley mindset. “Technology is the core of our business,” Luckin Coffee, the young unicorn that emerged last year…
President Museveni condemns Zim sanctions
By Lovemore Chazingwa Trade Fair, Bulawayo Sanctions are a show of cowardice on the part of the instigator as they are not sure whether the victim is wrong or right, Uganda President Yoweri Kaguta Museveni said at the official opening of this year’s historic ZITF yesterday. The Zimbabwe International Trade Fair (ZITF) first…
Uber is Aiming for an $84 Billion Valuation Year’s Largest IPO
Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84 billion. Uber had previously considered targeting a valuation of $100 billion, according to the Wall Street Journal, and some bankers had suggested last year that it…
PayPal agrees to invest $500M in Uber as it extends partnership
PayPal on Friday revealed that it’ll pump $500 million into Uber as it extends a partnership the companies have maintained since 2013. As part of the extension, the online payment company will look into developing the ride-hailing service’s digital wallet. PayPal boss Dan Schulman mentioned that deal in a LinkedIn post early Friday. “This is another significant milestone on our journey…
Who Owns Huawei? The Company Tried to Explain This Issue On Ownership But Seemed to Have Failed
Huawei’s controversial status in North America and Europe stems from a lot of different factors. At the heart of most of them, however, is the hardware maker’s alleged ties to the Chinese government. The notion of government control has been enough to cause something approaching an outright ban on its products in the States, over…
Facebook Expects to Be Fined At Least $5 Billion by Federal Trade Commission Over Privacy Issues
Facebook said on Wednesday that it expected to be fined up to $5 billion by the Federal Trade Commission for privacy violations. The penalty would be a record by the agency against a technology company and a sign that the United States was willing to punish big tech companies. The social network disclosed the amount in its…
WUA explores financial freedom to business
Kudzanai Vere (L) the Founder and Executive President of Premium Business Network International with Mrs Semukeliso Gono at the conference
Snapchat Unveils Plans to Get Your Bitmoji Into Games
Snap will soon let game developers import your Bitmoji to use as 3D characters. TechCrunch reports that a new Bitmoji for Games SDK will support games built in Unity, the Unreal Engine, and Snap’s in-house PlayCanvas engine, and it will be free for the select developers that Snap has chosen for the platform. This is not the…
TikTok is no longer banned in India
According to Indian lawmakers they said that TikTok was encouraging the spread of explicit content and “cultural degradation” among youth, and then they successfully banned the short video app — but only for a week or so, because the TikTok ban has now been lifted. That’s according to reports from Reuters, TechCrunch, CNN Business, and others. Technically, TikTok’s existing 120 million active monthly users…
Microsoft Is Now a $1 Trillion Company
Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone briefly today after a jump in stock price today following strong fiscal Q3 earnings. Microsoft joins Apple and Amazon in hitting the $1 trillion valuation ahead of rival Google. Microsoft’s stock price opened at $130 per share today, up…
Vaya ‘Hopper rides’ get ZITF moving, take Fair by storm
Those that have flown in for only a day or two, and tried to make the best of the limited time they had to visit every stand at the Zimbabwe International Trade Fair (ZITF), will tell you what a physically gruelling and mentally exhausting exercise it can be. But this year, Vaya has changed all…
Econet showcases smart, cutting-edge products, services at the ZITF
As expected, leading mobile network operator Econet Wireless – which won last year’s Best ICT Exhibition award and the coveted Best Overall Business Stand award – is back at the Zimbabwe International Trade Fair (ZITF) this year, showcasing its growing range of smart consumer and business products to an even wider market than in previous…
Incentive travel fuels business growth: ZTA
The Zimbabwe Tourism Authority, Acting Chief Executive, Rita Likukuma has called on the business sector to seriously consider corporate incentive travel as a motivational tool for intensified business growth. Likukuma made the call at a function organised in collaboration with the Marketers Association of Zimbabwe in Bulawayo last night. Incentive Travel is a proven experience…