Forex shortage affecting foreign investment

April 25, 2003

The shortage of foreign currency and the accumulation of arrears is discouraging foreign investment as investors are unable to repatriate…

NDH profit drops

April 25, 2003

Foreign exchange remains the single most important factor hobbling the performance of the economy. Concessions should therefore be made and…

MBCA calls for pragmatism

April 25, 2003

The Merchant Bank of Central Africa (MBCA) says after two years of negative growth charactised by critical shortages of foreign…

Metropolitan banks on land

April 25, 2003

Metropolitan Bank, which has been a strong advocate for land reform, says thousands of previously disadvantaged Zimbabweans who have been…

Interfin in $3.6 billion profit

April 25, 2003

Interfin Holdings, a financial services group which incorporates merchant banking, insurance, consumer finance, stockbroking and asset management, had a net…

Century’s Botswana operation in $55 m loss

April 25, 2003

Century Holdings, another financial services company which is expanding into the region, saw its International Transfer company in Botswana make…

Royal Bank makes $70.2 m profit

April 25, 2003

Royal Bank, one of the latest commercial banks in the country, made a profit of $70.2 million in its first…

ZDB makes a five-fold increase in profit

April 25, 2003

ZDB Financial Services now seems to be out of the doldrums. After recording paltry profits of under $30 million for…

Rapid profit down by $10 million

April 25, 2003

Rapid Discount House had a slight drop in profit from $430.6 million to $420.1 million, largely because of an increase…

Time in $2 billion profit

April 25, 2003

Time Bank had a strong performance with net profit increasing from $679.7 million to $2.1 billion last year. Net interest…