News

Barclays Bank PLC says the sale of its majority shareholding in its local unit to Malawi’s First Merchant Bank (FMB) will reduce its risk weighted assets by £292m ($376 million).…

President Robert Mugabe yesterday hit out at factionalism echoing his wife, Grace, to stop it. “If you are a genuine ZANU-PF member, be true to your party,” he said. “We…

The ZSE industrial index this week advanced 4.79 percent to 167.98  points, pushed by gains in heavyweight counters. The mining index also gained 0.61 percent to close the week at…

Civil engineering group Masimba Holdings says its revenue for the first four months to April was 70 percent ahead of the comparable period last year, driven by increased business from…

Hospitality and retail group Meikles Limited’s topline grew one percent to $457.6 million in the full year to March, driven by an impressive performance of its retail segment as revenues…

State-owned telecoms operator, TelOne, says it has recovered $40 million from debtors in the first four months of the year. “We have recovered around $40 million. But it’s not nearly…

Zimbabwe’s annual broad money supply grew by 20 percent in March to $5.88 billion, driven by an increase in transferable deposits and negotiable certificate of deposits, latest data from the…

Former Vice-President Joice Mujuru, now leader of the National People’s Party could take a hint from advice to divorced couples offered on nakeddivorce.com. “It doesn’t matter how much time you…

The Zimbabwe Stock Exchange industrial index advanced 13.37 percent to 162.34  points, its highest for over two years while the resources index also broke new ground. The mining index also…

Zimbabwe’s Parliament must put pressure on the government to align its laws with the constitution because the constitution took years of resources and manpower in its making. Besides, “If is…