News

The Commercial Bank of Zimbabwe, which was headed by central bank governor Gideon Gono, was one of the few banks unshaken by the new monetary policy announced by Gono in…

Astra Industries, once a top performer on the Zimbabwe Stock Exchange, had a disastrous start to 2004. In its report for the six months to February, the company says though…

There was nothing extraordinary about the dark, striped suit that was displayed at a Bulawayo departmental store except its price. It cost $1 512 000. I would not have gone…

Pork producer Colcom saw its sales increase by 583 percent to $44.4 billion but it says volumes were down because of constant price increases and dwindling consumer spending power. In…

Though the insurance industry faced many challenges including under-insurance because of the hyperinflationary environment, NicozDiamond still managed to post a net profit of $10.2 billion last year, a drastic improvement…

Where in the world can a company make a profit of over 8 000 percent in just six months? Only in Zimbabwe, the beleaguered Southern African country which is reported…

The high inflation that peaked at 619 percent in November last year before declining to $598 percent in December forced some corporate clients to revise sums insured on major productive…

Former conglomerate TA Holdings, which has now been trimmed to focus on insurance, hotels and agro-chemicals, had an excellent year boosted by its associate companies which brought in profits of…

Circle Cement, probably the country's second largest cement producer, had a dramatic turnaround from a loss of $862.3 million in 2002 to a profit of $9.8 billion, largely because of…

The Merchant Bank of Central Africa, which says it sticks to principles of openness, integrity and accountability and conducts its affairs with care and in good faith, safeguarding its stakeholders'…