Econet Wireless, Zimbabwe’s largest telecommunications company, has reported a 10 percent fall in annual profit to $36.2 million, citing a decline in consumer spending.
Movement for Democratic Change leader Morgan Tsvangirai’s spokesman Luke Tamborinyoka today accused the State-controlled Sunday Mail of trying to tarnish Tsvangirai’s name through false allegations against his children.
Regional tourism company, Wilderness Safaris, plans to make a bid for Air Botswana, the country’s loss-making national airline which the government wants to privatise.
Agroindustrial group Zimplow today said revenue for the first four months to April 30 was two percent above the same period last year, with most of its units recording higher sales.
Zimbabwe exported horticultural products worth $83 million in 2016, down from $96 million the previous year, according to the trade promotion agency, Zimtrade.
Zimbabwe’s electricity generation dropped to 842 megawatts (MW) on today, just over half of peak demand, after output at Hwange Thermal Power Station dropped to under a third of capacity, which the Zimbabwe Power Company blamed on poor coal supplies.