Afdis profit up 55 percent

August 31, 2015

Wines and spirits maker African Distillers (Afdis) reported a 55 percent increase in after tax profit to $3.1 million in…

Mnangagwa says being vice-president is no guarantee to become president

August 29, 2015

Vice-President Emmerson Mnangagwa says the road to the presidency of Zimbabwe is wide open. Anyone who is a member of…

RioZim seeks to reschedule crippling debt

August 28, 2015

Resources group RioZim says it is engaged in negotiations to reschedule its $45 million debt and expects to conclude the…

Zimpapers narrows loss

August 28, 2015

Zimbabwe’s largest media house, Zimpapers narrowed its loss for the half-year ended June 30 to $20 000 from $1.4 million,…

NMB more than doubles after-tax profit

August 28, 2015

NMB Bank has reported an impressive set of results, showing a 128 percent leap in after-tax profit to $3.17 million…

Turnall swings back to profit

August 28, 2015

Buildings materials maker Turnall is on the path to recovery after recording a net profit of $400 000 in the…

ZB bounces back with $4.1 million profit in six months

August 27, 2015

Diversified financial services group ZB Holdings has bounced back into the black with a net profit of $4.1 million in…

Kariba power station reduces power generation because of low dam level

August 27, 2015

Zimbabwe’s main electricity plant, Kariba Hydro, has had its output capped at 475 megawatts, down from recent winter peak of…

Stanbic in $10.5m half-year profit

August 27, 2015

Stanbic Bank Zimbabwe on Wednesday reported a 10 percent surge in profit to $10,5 million in the half year to…

Civil service clean-up on the way in a matter of weeks

August 27, 2015

A clean-up of Zimbabwe’s bloated civil service which is gobbling up 83 percent of government expenditure is on the way,…