New Microsoft and Invest India partnership – What does it mean for tech startups?

New Microsoft and Invest India partnership

New Microsoft and Invest India partnership – What does it mean for tech startups?

Microsoft, a multinational technology company based in the United States, has partnered with Invest India, India’s national investment promotion & facilitation agency. This partnership will help support Indian tech startups. Microsoft for Startups will be working with the Government’s Accelerating growth for New India Innovations Mission (AGNIi Mission), which is a program of the Office of the Principal Scientific Adviser to the Government of India that assists these startups to develop as enterprise-ready.

The firm has already onboarded 11 startups from various fields to the Microsoft for Startups program, including e-mobility, financial services, and agriculture. The Microsoft for Startups program offers benefits such as access to Azure credits and support for technology and business growth, which are aimed at scaling startups.

The role of Invest India in the local start-up industry

Invest India, the National Investment Promotion and Facilitation Agency of India is the first point of contact for Indian investors. Invest India is changing the country’s investment environment by making it easier for investors to do business. The advisors are experts in different countries, Indian states, and industries. They help investors navigate the entire investment process, from pre-investment through to after-care. 

Invest India’s experts offer multiple support options, including market entry strategies, deep-dive analysis, partner search, location assessment, and etc. The individuals in the country can get information literally about anything connected to financial sectors, trading and investment opportunities. They can get involved in programs ranging from lessons on market analysis or personal finance planning to Forex trading with economic calendar or advocacy with decision-makers. Invest India was established as a non-profit venture by the Department of Industrial Policy and Promotion of the Ministry of Commerce and Industries of the Government of India.

Invest India’s history can be described using 9 critical success factors (CSFs). These are the key elements that show how the agency has responded to its problems and now delivers sustained success. This is evident by USD 31 billion in FDI and nearly 303,900 new jobs. Invest India was a key contributor to India’s outstanding FDI performance in 2020. 

The country achieved another record of USD 64 million, compared with a global drop of 35 percent (UNCTAD 2021). While there are still challenges, Invest India’s experience provides valuable lessons for other investment promotion agents (IPAs) that, in the context the Covid-19 crisis is causing, will need to undergo a period of reform and review.

Which startups will receive the assistance under the partnership?

In total, Microsoft has chosen 11 startups for the given time frame to cover under the program together with Invest India. Select startups will have the opportunity to use Microsoft technology such as Azure, GitHub, and M365. They can also access personalized technical sessions and content, mentorship, and mentoring for their businesses. They will have access to Microsoft’s Azure Marketplace, the enterprise sales team, and the rapidly expanding partner ecosystem in order to develop and implement their go-to-market strategies.

 

We will briefly introduce a few of the prominent startups that were shortlisted by Microsoft. The first one is Amplearth Packaging and Systems, a company offering a design, manufacture & manage large scale FMCG packaging. The second is Daybest Research which is an innovative tool utilizing the Internet of Things, machine learning, and blockchain technologies. The third one is a cybersecurity venture Arishti Cyber Tech which offers security systems to corporations. Go Buzzr is the smart beehive monitoring system and Wheel, one of the newest blockchain PaaS startups that focuses on Warehouse Receipt Finance. 

Indian startup market in 2021

According to a report from Nasscom-PGA Labs, Indian startups raised $6.5 billion during the quarter of April-June 2021. 11 startups were granted entry into the coveted unicorn club. The June quarter saw $6.5 billion in funding, an increase of 71% quarter-on-quarter. According to the report, Swiggy was the largest deal in the quarter, raising $800 million. Next came ShareChat ($502million), Byju’s (340 million), PharmEasy (323 million), and Meesho (300 million). Fintech was the most capitalized sector accounting for 27% of the total deal value during the quarter.

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    Leading mining stocks in Africa – How to trade them?

    Best Forex Brokers in the Trading Market

    The mining sector is one of the most popular sectors for investing around the world. It is so because the mining stocks are able to produce a steady stream of income in long term, as well as short-term investments. 

     

    The mining stocks sector is in fact split into two distinct groups, they are majors and juniors. In the market, majors are known as companies that have decades of history, are operating around the world, and have slow and steady cash flow. Juniors are basically the exact opposite of the majors. They are known for having little capital, short history, and huge room for future growth. 

     

    While mining stocks are very popular around the world, they are especially popular in Africa. Many of the African traders investing in mining stocks very frequently as there are a lot of African local mining companies that are being traded in African exchanges. Some of them are even listed on internationally well-known exchanges. 

     

    When it comes to trading mining stocks, especially if you are trading Juniors, there are a lot of things that you might have to focus on. While trading these stocks, traders are required to do very detailed research and analysis of the market. According to some, stock trading with candlestick charts is a very popular choice when it comes to mining stock trading as these types of charts offer traders very detailed insight into the market. 

     

    While both Majors and Juniors represent the same industry, trading them is a completely different experience. In most cases, Majors tend to be more stable, while the Juniors are known for experiencing a lot of price movements.

     

    Understanding the main differences between these two can help you decide which one you want to trade. When choosing which African mining stock to invest in, it is very important to understand what you are looking for. For example, some of the best stock traders around the world diversify their trading portfolios by using both of these mining stocks. But, this is not true for all.

     

    In most cases, traders who want to have short-term profits in the market, decide to invest in junior mining stocks, and those who want to have long-term profits, invest in major mining stocks. 

    The best African mining stocks and how to find them

    The stock market in Africa is very largely dominated by the mining industry. Being the Fastest-growing area for foreign direct investments, Africa’s mining market has grown a lot over the past few years. The region expects increased demand for metal in the coming years, which will further increase its price.

     

    When choosing the best mining stocks for investment in Africa, there are certain things that you should focus on. The first factor to keep in mind is to understand your aspirations and goals in the market. According to your personal preferences and needs, you can choose the stock that fits your needs the best. 

     

    For example, if you want to have quick and short-term profits, it might be a better idea to go with smaller companies with huge room for growth. On the other hand, if you are looking for long-term profits and stable income, it might be better to go with financially sound, successful companies. 

     

    When it comes to mining stocks, Africa is home to some of the biggest companies in the sector. This includes Sibanye Stillwater Limited, which is one of the best African stocks in terms of performance and market capitalization. Over the past few months, the shares of the company have increased drastically, and many experts believe that it will continue to increase in the coming years as well.

     

    It is impossible to talk about the best mining stocks in Africa and not mention AngloGold Ashanti Limited. This gold mining company is one of the largest in South Africa and it was founded back in 2004. The company has been one of the leaders in the African market not only in the mining industry but in the general stock market as well. 

     

    Another very popular energy stock in Africa is Gold Fields Limited, which is a Johannesburg-based company. The company is known for operating one of the biggest gold mining firms globally. The company is very actively working towards expanding, to meet the growing demand on the market. The market capitalization of the company currently stands at $8.4 billion. 

     

    All of these companies are known for having a proven, successful history in the financial markets. They have already proved that they can generate long-term profits for investors.

     

    Africa is known for being one of the largest producers of numerous commodities. The region has reserves of numerous metals and minerals, such as diamond, gold, iron ore, coal, copper, cobalt, and many others. Some of the largest mining countries in the region are Congo, South Africa, Namibia, and Zimbabwe.

     

    The majority of the stocks trading on the local exchanges in the region are shares of companies that are based in these countries. Because of this, investing in mining stocks in Africa is a great idea, as the market has a lot to offer to traders.

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    Factors Behind The Gold And Silver Flash Crash

    Factors Behind The Gold And Silver Flash Crash

    Factors Behind The Gold And Silver Flash Crash

    Factors Behind The Gold And Silver Flash Crash

    A highly unusual situation took place in precious metals recently, brought forth by a perfect storm scenario, an abundance of stop losses, and more. It resulted in one of the most volatile moves in the long-standing history of gold and silver – a move that was over in a flash.

     

    The flash crash in metals was enough to shake up even the most bullish goldbugs and silver supporters. However, when you understand the unique factors behind the flash crash in metals, the chances of another recurrence is slim. And, given the way metals have already recovered, it could end up signaling a short-term bottom and restart the gold and silver bull run.

     

    Breaking Down The Gold And Silver Flash Crash

     

    On a recent Sunday evening, precious markets opened globally to a nightmarish situation. Gold markets traded at around $1,800 and then minutes later, in the high $1,600s. Any orders on the books between the $1,700 range were instantly filled while price crashed further, causing a massive cascade of stop losses in a market that moves relatively stable compared to an asset class like cryptocurrency or index trading.

     

    Silver shot down even faster, dropping more than 13% from around $25 to the low $22s. A move of such strength in gold is shocking enough, but the drastic move in silver which has been steadily accumulated for months by the WallStreetBets crowd and other mainstream investors. Silver bars fetch a hefty premium, yet the cost per ounce of gold fell back to lows from a year ago.

     

    The numbers don’t lie. The fall was among the worst metals have seen, but what was the reason for the collapse? According to Marcus Garvey, head of metals strategy at Macquarie Group Ltd, the timing just happened to be right.

     

    Garvey says that holidays in Japan and Singapore contributed to an ultra low liquidity environment which was vulnerable to a strong move. The XAUUSD and XAGUSD trading pairs dropped below a key technical level quickly, and in the process triggered a cascade of stop loss orders which sent price moving even faster. Better than expected job data in the United States also accelerated the issue. Prices were shaved in a flash, but the meltdown across metals was bought up just as quickly.

     

    Technical Support Fallout Leads To Stop Loss Cascade

     

    Although a key technical support level was indeed breached on both major precious metal pairs, support lower has held thus far and a long, V-shaped wick has been left behind on the price charts. The spike closely resembles the V-shape that crypto and stocks experienced on Black Thursday, which resulted in a massive bull market that followed.

     

    After an especially substantial selloff and one that takes out key levels of support, sweeping lows, markets can reach such oversold conditions that they soon reverse. Holding at the current support level could suggest that the downside move, although severe, was a bullish retest that confirmed former trend line resistance as support.

     

    The trend line forms the top portion of a bull flag pattern that could point to prices as high as $2,600 an ounce for gold. Silver’s targets are less clear, but with support holding the WallStreetsBets crew could get the short squeeze they’ve been looking for – something they’ve been successful at in the past.

     

    How Crypto Could Have Contributed To The Fall

     

    Another potential reason for the selloff in metals, which could have exacerbated the cascade of stop losses triggering, was due to more capital from metals flowing into crypto. Much of gold’s downtrend has been due to the emergence of Bitcoin as digital gold and the rest of the crypto market suddenly thriving in the new post-pandemic world.

     

    Nearly risk-free stimulus money has flowed into stocks and crypto. Bitcoin has grown by only a trillion or two, which is peanuts compared to the overall stock market or gold’s $10 trillion and then some cap. At a $10 trillion market cap, each BTC would be worth closer to $500,000.

     

    The allure of how much faster Bitcoin could work against inflation has caused crypto to outperform metals. However, risk appetite will eventually run out and the gold standard will return to prominence.

     

    Although there is no doubt that Bitcoin can do a lot of what gold can do, crypto enthusiasts often forget that gold and silver have near endless industrial use, demand as jewelry, and more, and are among the most trusted and globally respected assets ever. Metals give investors a sense of security that Bitcoin or Ethereum simply cannot.

     

    The Gold Standard, Silver, And Surviving The Storm Ahead

     

    One thing that is for certain is that the world’s economy is facing its most significant shakeup ever. Stimulus money and continued quantitative easing is killing fiat currencies and the dollar, but the gold standard and sterling track record of silver isn’t responding as they usually do, and that could be due to Bitcoin and altcoins.

     

    But even crypto could be in danger if the United States and other super powers follow the lead of China and release a digital currency of their own. Such a situation could lead to bans in Bitcoin and crypto. If that happens, could gold and silver become the only alternative to failing national currencies and continuing to fall under the government’s grasp?

     

    The message here today is that despite the flash crash and ongoing bearish sentiment, the selloff in gold and silver could theoretically be rock bottom for the two shiny stones. And although their reputations have recently been tarnished by the newest financial technology, precious metals should always have a prominent place in any investor or trader’s portfolio.

     

    Platforms such as the award-winning PrimeXBT offer CFD trading of forex, crypto, stock indices, commodities, metals and more all under one roof. The vast variety of trading instruments allows traders to build a portfolio that can survive any situation that’s to come. And with a potential economic shakeup underway, having tools like stop loss orders, built in technical analysis software and more are necessary to regular success.

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    Analysts, Social Media  Forecast Doom As OnlyFans Bans Adult Content

    Analysts, Social Media  Forecast Doom As OnlyFans Bans Adult Content

    Analysts, Social Media  Forecast Doom As OnlyFans Bans Adult Content

     

     

    Some social media users and analysts have forecast doom for subscription-based social media platform OnlyFans. This comes after the platform dropped a bombshell announcement that it is now banning adult content. The move is a drastic turnaround for OnlyFans which made its name by providing adult-oriented content.

    In a statement, the platform which has more than 130 million users worldwide said it is banning “sexually explicit conduct” to protect its partnerships with banks and payment providers. However, the platform will still allow content creators to post explicit photos and videos.

    In a statement, the platform said

    Effective 1 October 2021, OnlyFans will prohibit the posting of any content containing sexually explicit conduct. In order to ensure the long-term sustainability of the platform, and to continue to host an inclusive community of creators and fans, we must evolve our content guidelines. Creators will continue to be allowed to post content containing nudity as long as it is consistent with our Acceptable Use Policy. These changes are to comply with the requests of our banking partners and payout providers. We will be sharing more details in the coming days, and we will actively support and guide our creators through this change in content guidelines.

     

    Analysts, Social Media  Forecast Doom As OnlyFans Bans Adult Content
    Analysts, Social Media  Forecast Doom As OnlyFans Bans Adult Content

     

     

    The London-based platform was formed in 2016. It says it has paid out more than $5 billion to content creators worldwide. According to its terms, the company keeps 20% of revenue generated by its 2 million-plus creators. OnlyFans allows content creators to post content and receive payment directly from their followers, or “fans” via subscriptions or one-off tips. Unlike most other social media platforms, OnlyFans has lax policies about the content which is allowed. Content creators can post racy revealing photos and even full-on explicit images and videos.

    Following the announcement of the ban on adult content, some people opined that the company was shooting itself in the foot, as it is known for providing adult content. Some suggested that the platform which is very popular with sex workers my collapse in the next few months. They suggested that OnlyFns will likely collapse in the same way that Tumblr did.

    Below are some of the reactions from social media

    While other people are forecasting doom for OnlyFans, others are celebrating the announcement. Some people have taken to social media to celebrate the fact that sex workers will now be forced to find “real jobs” after their cash cow was killed.

     


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    Reasons why Lithium Inverter batteries are expensive yet are preferable

    Reasons why Lithium Inverter batteries are expensive yet are preferable

    It is true that a lithium-ion solar inverter battery is significantly more expensive than, for example, a conventional lead battery of the same performance. A 2000 Wh Lithium Solar inverter battery comes around the price of 50000 to 55000 Indian Rupees whereas a small 500 Wh Lithium Inverter battery price is around 12500(USD168) to 15000(USD202) Indian Rupees. But this price is reasonable for many reasons. We have tried to discuss some of the main points which justify the price of Lithium Solar inverter battery in the comparison of conventional Lead Acid Battery. 

    It is known that lead-acid batteries should always be fully charged with each charging process and never deeply discharged in order to maintain their capacity. With lithium batteries, on the other hand, regular partial charging does not have a detrimental effect on their overall capacity.

    Advantages of lithium-ion solar inverter batteries over lead batteries

    Wherever lead-acid batteries were common in the past, there is a high probability that we will come across a Lithium Solar inverter battery today. Typical areas of application are solar systems, mobile homes, boats and yachts as well as electromobility.

    If you consider the totality of its advantages, it quickly becomes clear that its relatively high price is absolutely justified. But what are the advantages here?

    • Longevity

    Lithium-ion solar inverter batteries based on lithium iron phosphate last an average of five times longer than conventional lead-acid batteries, which are usually not completely maintenance-free if you want structural damage to them that would shorten their service life considerably, avoid. 

    1. Instantly available energy

    A lithium-ion solar inverter battery is charged much faster than a lead battery. This is also an important reason for using this type of battery for electric vehicles. On the other hand, in certain applications, it is important that a battery can provide very high currents for a short time. We know such power surges from the starter of a vehicle or from the ignition, for example. 

    2. Lithium is more effective

    When a battery is “stressed”, the Lithium Solar inverter battery always cuts a fine figure. Unlike the conventional lead battery, whose internal resistance can collapse in the cold, which is often noticeable in winter as the eternal junk of the starter, a lithium-ion solar inverter battery is hardly affected by temperature fluctuations.

    3.Lithium is very light

    In fact, after hydrogen and helium, lithium is the third lightest element in the chemical table. The nucleus of the alkali metal contains only three protons and four neutrons. So it’s no wonder that lithium-ion batteries are particularly well suited for all electrical devices that require minimization of weight with high energy density, as is the case, for example, with drones or boat and model buildings.

    4.Lithium batteries are safer and more environmentally friendly

    The recycling or reuse of disused lithium batteries is relatively easy and therefore inexpensive. In addition to the more common isotope lithium-7 (the number refers to the atomic weight), there is also the isotope lithium-6 with a share of 7.4 percent. Both isotopes are chemically stable, so they are not subject to radioactive decay.  

    So these were the main points that justify the Lithium Solar inverter battery price in my thoughts. If you have more to say and want to share your thoughts then write it down below in the comments.

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    Benefits of Expert Forex Brokers For Traders

    Best forex brokers in zimbabwe forex trading

    Benefits of Expert Forex Brokers For Traders

    The forex trading market is full of expert forex brokers as well as raucous forex brokers. It’s very hard to select the proper broker for your transactions but not almost impossible. 

    Right search and techniques can lead you in the direction of finding the expert broker for the right transactions but not quite impossible. If you can manage to find out the true nature of the broker, then your task becomes a little easy. Let’s look at some of the reasons behind expert brokers and fraudulent brokers:

    No proper exit strategy: If the expert forex brokers do not offer any exit strategy, it means that there is no contingency plan for trading activity. If you come across such a broker, you should be careful and not go ahead with the trade just because you are hoping to make a big gain. There is no such thing as getting a quick fix or a magic wand to avoid risks. Only traders who are disciplined enough to follow a proper exit strategy stand a better chance of earning good profits from their trading activity.

    No proper education: This is one of the biggest disadvantages of expert forex brokers compared to traders working independently. Unless you have proper knowledge and information about trading markets and related terms, you will find it tough to make informed decisions regarding trading activities. In the case of the former type of broker, he will be offering you whatever he has in his possession. On the other hand, in the case of traders working independently, they may not have enough information to guide them.

     

    Lack of technical knowledge: In recent times, currency trading has become a complex procedure. A large number of factors determine the exchange rates of the currencies. 

     

    Unless a trader has a proper understanding of all the technical aspects of the foreign exchange business, he may not be able to come out with an accurate decision regarding currency trading. Expert forex brokers take great care while providing advice to their clients. You can rely on their advice completely. They are professionals with good knowledge about the technicalities of the forex trading business.

     

    Limited scope: Forex trading is a highly volatile industry. It requires a lot of expertise and accurate timing in making profitable decisions. Expert forex brokers can only help you in trading but cannot give you direct access to the market. 

     

    As the trade depends on global economic conditions, brokers can’t be at the location where the market occurs. Even if you ask your broker to buy/sell at a specific time, he will not be able to do so as he is not aware of what is happening at the exchange location.

     

    Expert brokers offer a full range of services including round-the-clock online customer support, trade news updates, market analysis, custom orders/trades, and more. Their unique features make them stand apart from other brokerages. They also provide traders with CRM Pip, which is an instant confirmation system for online transactions.

     

    How To Choose A Forex Broker

     

    To facilitate the exchange of currencies, brokers provide information regarding fees and transaction costs, as well as information on how to trade. The major types of transactions are spot transactions, forward transactions, and off-exchange transactions. A common transaction cost for a trader is a minimum deposit.

     

    In today’s economic climate, forex brokers have a tough job market. Traders who need assistance in making successful trades will require reliable and fast access to the exchange. Many traders are choosing brokers for their convenience and low transaction costs. The job outlook for this industry is positive, with many positions available in both developed and developing countries.

     

    The most recent economic statistics showed that foreign exchange rate trends indicate a global economy growing stronger. The strength of the US dollar was largely responsible for this outcome. In addition, a strong US dollar is supportive of the euro and yen. As more economic reports are released, the fx brokers will continue to see strong growth in their markets.

     

    South african forex brokers provide their clients with information on the current interest rates and inflation. They also provide a variety of charts to track the trends of various currencies. These charts allow their clients to make informed decisions on their investments. Clients can also request reports on their investments from their brokers. Reports can include the current stock prices as well as the value of international commodities such as gold, oil, copper, precious metals, and food commodities.

     

    Interbank Market: An interbank market exists between banks that facilitate trade in different currencies. Because of the high degree of liquidity in this market, it attracts a large number of currency traders. This makes it one of the best locations for forex brokers to make large transactions. The liquidity of this market provides many opportunities to clients.

     

    Global Forex: The forex broker offers services to global investors. This can be done through trading currencies from several countries. Some brokers provide their clients with the opportunity to trade the major currencies of the world. Others offer their clients access to various Asian economies.

     

    Brokerage firms offer their clients assistance in the registration and maintenance of their accounts. They also offer advice on investment strategies and on maintaining a good portfolio balance. Clients can also request information on foreign exchange market news and events.

     

    Brokers give their clients information on current interest rates, inflation, national banks, and other financial services. Forex trading information, in the form of reports and charts, are available from foreign exchange market websites. They also provide information on current gold and commodity prices. 

     

    Forex information is important for individuals who want to participate in foreign currency trading and want to make better decisions. The information provided helps them develop expertise in the forex market and increase their chances of making more money from trading.

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    Classifieds.co.zw Launches Whatsapp Bot

    Classifieds.co.zw Launches Whatsapp Bot

    Classifieds.co.zw Launches Whatsapp Bot

    Classifieds.co.zw Launches Whatsapp Bot
    Classifieds.co.zw Launches Whatsapp Bot

    Zimbabwe’s leading web hosting and development company, Webdev Pvt Ltd has
    launched a new app, Classifieds Chat Bot which allows easy app search of products and services with numbered menu options.

    As costs of doing business using data in Zimbabwe continue to soar, the app enhances product accessibility using the Whatsapp Bundle instead of Data Bundles/Wifi.

    Launching the product, the company said that in the last few months it had been working on improving the product to ensure a seamless integration between the marketplace and Whatapp which comes with a number of exciting options such as instant notification of latest products and services ranging from Property Sales & Rentals ,Cars & Vehicle and Building Supplies.

    Classifieds.co.zw Launches Whatsapp Bot
    Classifieds.co.zw Launches Whatsapp Bot

     

    “The app allows you to carry out Easy In-app Search of products and services with numbered menu options. You can find what you are looking for through your preferred simple channel of Whatsapp as well keep
    your data costs down. In the last few months, we have been working to improve our product/service and we believe that the chat bot will help you enjoy your experience with classifieds.co.zw even more,” Webdev
    said.

    To use the service, WhatsApp users can save the number (+263 8644309906) to their phone contacts, then text the word ‘Menu’ in a WhatsApp message to begin. The bot will then respond via a series of prompts, covering products and services on offer for.

    The in-app search application is meant to ensure that one gets the product or services and also gets to communicate with the seller
    with the Whatsapp application.

    “The app will bridge the gap between sellers and buyers within the app. This complements the strong search position of classifieds.co.zw
    on all goods and services :(Currently #1 on major search engines that is, Google, Yahoo and Bing) .Data bundles are way expensive and therefore prohibitive when it comes to online search.

    Users who have saved the number (2638644309906) will also be able to
    check out for the latest product or service within a select category.” the firm said.

    Webdev runs the largest online marketplace in Zimbabwe , classifieds.co.zw.


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    Zimbabwean Low-Cost Vehicle Maker Mureza Releases First Car Going For US$13,500

    Zimbabwean Low-Cost Vehicle Maker Mureza Releases First Car Going For US$13,500

    Zimbabwean Low-Cost Vehicle Maker Mureza Releases First Car Going For US$13,500

     

    Zimbabwean low-cost vehicle maker Mureza Auto Co has announced that it will be rolling out its first model. 100 units of the Mureza Prim8 will be going for sale on the market starting next week. 

    Mureza’s Prim8 will be available on the South African and Zimbabwean markets next week. It will be retailing for ZAR196,000 in South Africa and US$13,500 in Zimbabwe.

    In order to guarantee that you will get a Mureza Prim8, you can pre-order the vehicle with a US$3,000 deposit on the car manufacturer’s website.

    This comes after the South Africa-based company was granted a licence to manufacture vehicles in the country last month. In a statement, Mureza Auto Co said, 

    “We are pleased to announce that Mureza Holdings (Pty) T/A Mureza Auto Co is now a licenced vehicle manufacturer in the Republic of South Africa 

    “Our gratitude goes to our dedicated staff, investors, partners and stakeholders who have made this milestone possible! 

    “This is a major milestone in our vision to become the leading car manufacturer in Africa. We look forward to an official launch event and the start of production very soon.

    “To the African market, the wait is almost over. We are working in the background to ensure we bring quality and affordable vehicles and an #untamed_motoring experience to the African continent”

     

    The Prim8 is based on a new platform that was developed by Saipa called the X200. Société anonyme iranienne de production automobile [Saipa] is an automaker headquartered in Tehran, Iran, which got its start in 1965 assembling Citroëns under licence for the Iranian market.

    Initially, cars will be assembled at the Automotive Supplier Park in Rosslyn, Pretoria. The company is working on getting production set up at the Willowvale assembly plant in Zimbabwe and at the former Hyundai plant in Botswana.

    Mureza is the brainchild of Tatenda Mungofa (31), the CEO of the company. Speaking on the vehicle, Mungofa said 

    “Four airbags come standard. Our vehicle has been benchmarked to international OEM [original equipment manufacturer] standards and is undergoing homologation for local standards certification. We are confident this will be scored above average against its segment competitor.”

    You can watch the Mureza Prim8 in more detail below;

     


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    New Econet Data Prices Spark Outrage Following Massive Increases As Of 8 July 2021

    Tecno software eats airtime- iHarare

    New Econet Data Prices Spark Outrage Following Massive Increases

    Tecno software eats airtime- iHarare

     

    Zimbabwe’s biggest mobile network operator Econet Wireless has sparked massive outrage following massive increases in the price of data.

    It seems that many people did not take well to the massive hikes in the price of private wi-fi bundles which went up by 30 percent. The has seen the company trending on social media platforms for all the wrong reasons.

    Below are the new data prices for Econet’s private wifi bundles.

     

    Data Package Old Price (ZWL$) New Price (ZWL$) Percentage Change
    8GB 1560 2030 30.13
    15GB 2400 3120 30.00
    25GB 3360 4350 29.46
    50GB 4800 6240 30.00

     

     

    The majority of people in the country do not have fibre or ADSL connections at their homes and rely on Econet’s private wifi bundles to access the internet.

    Unsurprisingly, many people did not respond well to the new data prices. They accused the telecoms giant of being predatory and of abusing its monopoly in the telecommunications sector to milk struggling citizens.

    Others accused Econet of trying to sabotage the government’s introduction of the $50 banknote featuring liberation icon and spirit medium Nehanda Charwe Nyakasikana, popularly known as just Mbuya Nehanda.

    Some on the other hand accused the company of being heartless as it was hiking its data prices, at a time when the authorities are calling on people to work from home due to a surge in Covid-19 infections and deaths.

    Below are some of the reactions from social media to Econet’s latest data prices.

     

     

    In a statement, the telecoms giant said that it had been forced to increase prices of data due to the increasing cost of doing business in Zimbabwe.

    “The bundle price adjustment is an average 20 per cent uplift across the board, and is essentially in response to rising input costs.”

    “Our pricing review is designed to ensure viability of the business and ensure that we continue to offer a reasonable quality of service to our valued customers.”


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    Zimbabweans React To Introduction Of $50 Bank Note

    Zimbabweans React To Introduction Of $50 Bank Note

    Zimbabweans React To Introduction Of $50 Bank Note

     

    The Reserve Bank of Zimbabwe (RBZ) on Tuesday announced the introduction of a $50 note which goes into circulation on Wednesday. The new banknote features the image of and immortalises liberation icon and spirit medium Nehanda Charwe Nyakasikana, popularly known as just Mbuya Nehanda.

    However, it seems that some Zimbabweans are unimpressed by the introduction of the new note citing its alleged low buying power. They highlight that the biggest note in circulation will not be able to purchase the most basic of things such as a loaf of bread. They also highlighted that following the recent hike in Zupco fares, some people will need between two and three $50 notes for a single trip.

    Below are some of the reactions from Zimbabweans on social media to the new $50 note.

     


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