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NMBZ doubles profit
Blue-chip financial services group NMBZ Holdings has recorded a 231 percent increase in net profit to $5.5 million in the full year to December 2015 despite writing off loans amounting…
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Metallon misses gold production target because of power cuts
Metallon Gold, Zimbabwe’s largest gold producer says that it produced 96 530 ounces in 2015, about eight percent lower than the target as continued power interruptions hit production at its…
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More heads to roll at NetOne
The board of Zimbabwe’s second largest mobile operator, NetOne, today said it is implementing strategies aimed at transforming the state-owned telco from being perennially dependent on shareholder injections into a…
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CABS asset base now $1billion
CABS houses in Budiriro- pic The Herald Zimbabwe’s largest mortgage lender, Central African Buildings Society (CABS) says its total asset base increased by 22 percent to $1 billion from $852…
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Dairibord makes five-fold profit
Milk processor Dairibord Holdings is restructuring its operations to simplify the group structure, the company has said, and will deregister a number of its dormant companies to reduce costs. The…
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CZI identifies 18 key areas to focus on to drive industrialisation
The Confederation of Zimbabwe Industries (CZI) has identified 18 “sustainable value chains” in different sectors of the economy that should be targeted as for investment as part of the private…
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High quality journalism essential for stronger robust economies
Press freedom and independence, a staple ingredient of democracy worldwide, is declining at an alarming pace, according to the 2015 World Press Freedom Index. But the transparency and vigilance that…
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Mudenda blocks MDC-T query about Mphoko’s year-long hotel stay
Speaker of Parliament Jacob Mudenda last week blocked Mabvuku-Tafara Member of Parliament James Maridadi from asking a question about Vice-President Phelekezela Mphoko’s 15-month stay at the rainbow Towers and instead…
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Mimosa mine to change ownership
Aquarius Platinum, which jointly owns Zimbabwe’s Mimosa Mine in Zvishavane, on Thursday said South African regulators had approved the purchase of its entire shareholding by Sibanye Gold. The Bermuda registered…
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Mugabe says he will step down if war veterans say so but…….
In happier times, Mugabe, Mutsvangwa and his wife Monica President Robert Mugabe yesterday said he will step down if Zimbabwe’s war veterans say so but he added that the final…