News

Wines and spirits maker African Distillers (Afdis) reported a 55 percent increase in after tax profit to $3.1 million in the full year to June 31 compared to the previous…

Vice-President Emmerson Mnangagwa says the road to the presidency of Zimbabwe is wide open. Anyone who is a member of the Zimbabwe African National Union-Patriotic Front can become president. “Those…

Resources group RioZim says it is engaged in negotiations to reschedule its $45 million debt and expects to conclude the arrangement by the end of the third quarter this year.…

Zimbabwe’s largest media house, Zimpapers narrowed its loss for the half-year ended June 30 to $20 000 from $1.4 million, as advertising revenue and sales plunged while finance costs remained…

NMB Bank has reported an impressive set of results, showing a 128 percent leap in after-tax profit to $3.17 million in the six months to June 30, driven by a…

Buildings materials maker Turnall is on the path to recovery after recording a net profit of $400 000 in the six months to June from a loss position of $2.6…

Diversified financial services group ZB Holdings has bounced back into the black with a net profit of $4.1 million in the six months to June 2015 from a loss of…

Zimbabwe’s main electricity plant, Kariba Hydro, has had its output capped at 475 megawatts, down from recent winter peak of 705MW due to lower dam water levels, the state power…

Stanbic Bank Zimbabwe on Wednesday reported a 10 percent surge in profit to $10,5 million in the half year to June 30, 2015 from $9,6 million profit recorded in the…

A clean-up of Zimbabwe’s bloated civil service which is gobbling up 83 percent of government expenditure is on the way, and according to Presidential spokesman George Charamba people should expect…