News

The People’s Own Savings Bank (POSB) reported a 22 percent increase in after-tax profit to $9.68 million in the full year to December on increased revenue and cost containment measures.…

Simbisa Brands yesterday reported a 4.7 percent increase in after-tax profit to $4.7 million in the half year to December on the back of increased sales. Simbisa is a quick…

Troubled Tetrad Investment Bank has tabled a debt into equity conversion offer and payment in cash to proven depositors and creditors as the judicial manager sees possibilities of a revival.…

Zimbabwe’s largest media house, Zimpapers, today reported that its net profit for the year to December 2016 fell by a quarter to $2.02 million from $2.7 million in the prior…

Kuwait today signed a $20 million loan agreement with Zimbabwe to finance the development of irrigation infrastructure at Zhove Dam in Matabeleland South. The loan has an interest rate of…

Zimbabwe government expenditure for the fourth quarter amounted to $1.432 billion against a target of $1.006 billion, resulting in an expenditure overrun of 42.3 percent, the latest Treasury bulletin shows.…

Zimbabwe war veterans leader Christopher Mutsvangwa yesterday told Zimbabwe African National Union-Patriotic Front national commissar Saviour Kasukuwere to purify drinking water for Harare first to save the people from typhoid…

Seventeen Zimbabwean entrepreneurs have been selected among a group of 1 000  young entrepreneurs who will benefit from the latest round of the Tony Elumelu Entrepreneurship Programme’s (TEEP) $100 million…

First Mutual Life (FML) has recovered to post net profit of $9.3 million for the year to December 2016 from a loss position of $131 000 in the prior year. …

Resources group Falcon Gold says it expects to break even or possibly make profit this year following the sale of Dalny Mine to RioZim. Falgold and RioZim last year entered…