News

I could not hold my excitement when the Federal Express man handed me the white envelop. I opened it nervously. It contained two copies of a two-page agreement that I…

Steelnet, which comprises BMA Fasteners, Hastt Zimbabwe and Tube and Pipe Industries, had an excellent year in 2003 with each of the three units posting growths of over 600 percent.…

First Banking Corporation, one of the indigenous banks that had been blacklisted by established financial institutions at the beginning of the year as the liquidity crunch hit the financial sector,…

Dairibord Zimbabwe's diversification is now paying off. Non-milk-based products contributed almost 60 percent of the company's operating profit during the year ended December. Subsidiaries and associate companies contributed 54 percent…

On paper Radar's results for the six months to December were excellent. Though mainly driven by inflation, turnover from continuing operations was up 621 percent from $5 billion to $36.2…

Interest rates, which soared to 900 percent by December, saw the market for Turnall Holdings products immediately contract as money flow dried up. As a result, the company says in…

The two-week visit by a seven-member delegation from the International Monetary Fund (IMF) which ended on Wednesday marked a turning point in relations between Zimbabwe and the Bretton Woods Institution…

Regional banking group, African Banking Corporation, had a poor showing last year with net profit plummeting from P53.3 million to P3.8 million. But this was largely because of the strengthening…

Central bank governor Gideon Gono has done a tremendous job in exposing the rot that was bedevilling the country. But it is high time the government instituted a full-fledged commission…

Though the auction system that was introduced in January should see more foreign currency available on the market, exports will not be viable as long as the pricing of the…