Vice-President Emmerson Mnangagwa says the road to the presidency of Zimbabwe is wide open.
Resources group RioZim says it is engaged in negotiations to reschedule its $45 million debt and expects to conclude the arrangement by the end of the third quarter this year.
Zimbabwe’s largest media house, Zimpapers narrowed its loss for the half-year ended June 30 to $20 000 from $1.4 million, as advertising revenue and sales plunged while finance costs remained high and the economic environment worsened, the company said today.
NMB Bank has reported an impressive set of results, showing a 128 percent leap in after-tax profit to $3.17 million in the six months to June 30, driven by a broader market segment, cost containment and tighter credit control.
Buildings materials maker Turnall is on the path to recovery after recording a net profit of $400 000 in the six months to June from a loss position of $2.6 million over the same period last year aided by tighter cost controls and higher sales, the company said yesterday.
Diversified financial services group ZB Holdings has bounced back into the black with a net profit of $4.1 million in the six months to June 2015 from a loss of $2.5 million over the corresponding period last year despite a fall in revenue.