Wednesday, May 23Always On-point

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Banks Partly To Blame For Externalization Of Funds, Bankers Association Of Zimbabwe Confirms

Banks Partly To Blame For Externalization Of Funds, Bankers Association Of Zimbabwe Confirms

Breaking News, FinTech, News
Bankers Association of Zimbabwe (BAZ) has acknowledged that banks had a significant role to play in making the externalization of funds possible. Some weeks ago, President Mnangagwa released an infamous list that implicated many organizations and individuals in externalizing $827 million worth of funds. Charity Jinya, BAZ president admitted that some financial institutions had not practiced due diligence in making sure that CD1 forms are submitted for customers and this, in turn, left many international trade transactions unreconciled. CD1 forms are documents used by companies that engage in international trade and submitted to the Reserve Bank of Zimbabwe (RBZ) for settlement. BAZ said that banks were not doing enough in assisting customers to submit the CD
Self-flying air taxi lifts off in New Zealand

Self-flying air taxi lifts off in New Zealand

Breaking News, Gizmos
A firm funded by Google founder Larry Page has unveiled an electric, self-flying air taxi that can travel at up to 180 km/h (110mph). It can do 100 km on a single charge, and it takes off and lands vertically. It will eventually be available to customers as a service "similar to an airline or a rideshare" said parent company Kitty Hawk on the Cora website. It operates using "self-flying software combined with human oversight", it added. The aircraft has been developed in New Zealand, where the government said it welcomed the project because of its environmental credentials. "We've got ambitious goals here in New Zealand, we want to get to net zero emissions by 2050 and that includes mobility," said Dr Megan Woods, minister for research, science and innovation, in a promotio...
Spring Statement: Chancellor threatens new tech tax

Spring Statement: Chancellor threatens new tech tax

Applications, Breaking News, Start Ups, What's Hot
Chancellor Phillip Hammond has called for a deeper look at how tech giants such as Google and Facebook are taxed. Mr Hammond said there was a need to consider interim measures, such as taxing revenues, rather than profits. He first addressed the topic in the Autumn Budget, amid concerns the current system does not tax companies where they make their money. He said the government hoped to find a solution along with other international partners, including the EU. Another area he singled out for attention was online selling. He said that, although online platforms and marketplaces, such as eBay, were good for the economy and for consumers, the way tax was paid on these transactions needed to be looked at to ensure the right amount was being paid. Why is the chancellor so up...
BMW Unveils First-Ever X2 SUV in Detroit

BMW Unveils First-Ever X2 SUV in Detroit

Breaking News
Monday morning at the Detroit Auto Show, BMW AG unveiled its production model X2 in an eye-catching yellow. The low-slung rig is the first of its kind in the SUV family that started with the X5 two decades ago; it fills in the gap in its X family of cars, from the X1 up to the full-sized X7 concept, a monster, three-row SUV also on display this week. Bernhard Kuhnt, president and chief executive of BMW, characterized the new X2 crossover as key to continued growth, where one-third of vehicles sales worldwide come from the X family line. Last year was BMW group’s most profitable year ever, up 4.1 percent over 2016, steps towards its pledge to retake the global luxury lead from Mercedes-Benz. The BMW X2 crossover vehicle is displayed during the 2018 North American International Auto Show
Econet Wireless Applies To Construct Own Power Plant

Econet Wireless Applies To Construct Own Power Plant

Breaking News, Telecomms, What's Hot
Mobile network operator Econet Wireless has applied to the Zimbabwe Energy Regulatory Authority (ZERA) to construct its own photovoltaic (solar) power plant. Zera is inviting those interested in making any presentations on the aplication to do so within 14-days. NOTICE OF APPLICATION FOR AN ELECTRICITY GENERATION LICENCE • Econet Wireless (Private) Limited Electricity Act (Chapter 13:19) of 2002 Notice is hereby given that the Zimbabwe Energy Regulatory Authority (ZERA) has received an application from Econet Wireless (Private) limited to construct, own, operate and maintain the proposed 0.45 MW rooftop solar photovoltaic power plant at 8 Earl Road, Willowvale, Harare. The purpose of the generation facilities is for own consumption. The project will also entail connection of the pro
‘Parly has no power to cancel solar project’

‘Parly has no power to cancel solar project’

Breaking News, What's Hot
Parliament will not jump into a decision to move a motion seeking to cancel the $202 million Gwanda solar tender awarded to Intratrek Zimbabwe and its partner, CHiNT Electric, but will gather evidence and make recommendations to the minister responsible. Speaker of Parliament Advocate Jacob Mudenda said in an interview yesterday that it was not the procedure of Parliament to make abrupt decisions to cancel public tenders over suspected irregularities without empirical evidence, which informs the recommendation it makes to the responsible minister. Advocate Mudenda’s comments come following alleged reports made by Norton legislator Temba Mliswa who reportedly suggested on social media for Parliament to move a motion to cancel the Gwanda solar tender won by the local company and its Ch
Company offers free DNA testing in Bulawayo

Company offers free DNA testing in Bulawayo

Breaking News, What's Hot
A LOCAL company, Global DNA Zimbabwe has introduced free Deoxyribonucleic (DNA) testing to under-privileged members of the society as a way of ensuring more people have access the service. DNA testing in Zimbabwe is expensive with the cheapest being offered at the National University of Science and Technology clinic in Bulawayo for $100. Most private health centres charge from $300, an amount most people can not easily afford. Global DNA Zimbabwe principal consultant Mr Tinashe Mugabe said his company which opened a branch in Bulawayo early this year, was offering the free service upon vetting if the people seeking the services are poor. The normal charge at the institution is $350. "Our services should be available for everybody with and without money. We also believe the underpr...
An artist accused Microsoft of stealing their idea for a video game ad, and gamers are furious

An artist accused Microsoft of stealing their idea for a video game ad, and gamers are furious

Applications, Breaking News, Entertainment
Reddit user Macsterr claims that Microsoft stole a design of theirs for a video game ad without crediting their artwork as the inspiration. In November, Macsterr posted a distinctive design for an ad for "PlayerUnknown's Battlegrounds," the most popular video game of 2017. On Tuesday, Microsoft's Xbox social media account posted a similar image to Twitter, without crediting Macsterr. The tweet has since been deleted and Microsoft says it's "investigating" the matter. As the situation has gained traction on Reddit, Macsterr says that they're mostly looking to get credit for the overall design. Some Redditors are up in arms on Wednesday after a Reddit user claimed that Microsoft stole the overall design of a piece of their artwork to promote "PlayerUnknown's Battlegrounds," the hottest v...
Apple acquires song recognition app Shazam

Apple acquires song recognition app Shazam

Breaking News, What's Hot
NEW YORK: Apple announced that it would buy leading song recognition app Shazam in a fresh bid to secure an edge in the intensifying battle of streaming services. Apple, whose streaming service has rapidly grown but has only half the paid subscribers of Spotify said that Shazam has consistently been one of the most popular items in its App Store. The two companies did not disclose financial terms. However, the technology news sites Recode and TechCrunch, quoting unnamed sources, both put the deal at around $400 million. The market signalled its approval, with Apple share prices jumping 2.0 percent, well outpacing the 0.2 percent rise on the Dow Jones Industrial Average. “Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music e
Messenger Kids: Facebook’s Commitment To Promoting Digital Literacy

Messenger Kids: Facebook’s Commitment To Promoting Digital Literacy

Breaking News, Social Media
NURPHOTO VIA GETTY IMAGES Earlier this week, Facebook unveiled Messenger Kids, their first product targeted at users under the age of 13. It has launched in a United States preview — the company has not yet announced plans for a European expansion — and it will likely spread to the rest of the world over the coming months. Messenger Kids is a variant of Facebook’s wildly successful messaging platform Messenger. As of September, Messenger is used by 1.3 billion users every single month to communicate through messages, stickers, and video. Sheryl Sandberg, Facebook’s COO, led the introduction of the product: “As a mom, I know how meaningful it can be when kids use technology to connect with family and friends. But, I also know how important it is to make sure they’re safe wh
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