Zimbabwe United Passenger Company
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Zimbabwe United Passenger Company
The Zimbabwe United Passenger Company (ZUPCO) is a parastatal company in Zimbabwe, which operates both urban and long-distance bus routes in the country. History ZUPCO was formed in 1985 in Harare, soon after the new government was formed. Before Zimbabwean Independence, the bus company was run as a Parastatal and it was known as the Rhodesia Bus Company. After transition, the company was renamed to Zimbabwe United Passenger Company (ZUPCO). By 1993 ZUPCO was operating 1,200 buses on 426 routes. Bus services Regional services The company offers direct and reliable out-of-country bus services to Countries such as Malawi, Zambia, Botswana, South Africa. Urban services Urban routes include transport services from the key residential areas to many of the Central business districts in Harare. These include for example the Harare- Chitungwiza route, which travels from a large business district to a large residential area. In line with being a market driven player in the indust ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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