The Insider

African Sun reported a 10 percent increase in revenue to $25 million in the six months to March 31, buoyed by an improved performance of its Ghana Hotel Amber Accra.

(211 VIEWS)

Tongaat Hullet’s Zimbabwe unit has reported a five percent dip in sugar production to 228 000 tonnes in the full year to March 31 due to reduced cane deliveries from outgrowers and low water supplies.

(217 VIEWS)

Zimbabwe’s largest mortgage lender Central African Building Society (CABS) says it has opened up its Budiriro housing development scheme to Zimbabweans in the Diaspora and individual companies after a low up take since its launch in 2013.

(631 VIEWS)

Only a fifth of Zimbabwe’s stockbrokers are currently generating enough commission to survive as the local bourse continues to underperform reflecting a weak underlying economy, ZSE chief executive Chirume has said.

(309 VIEWS)

The Zimbabwe African National Union-Patriotic Front, still revelling from gaining 16 seats that belonged to the Movement for Democratic Change, has recalled three seats from its strongholds necessitating by-elections which should be announced soon.

(328 VIEWS)

State-owned fixed line phone operator, TelOne says it is targeting to increase annual revenue by 140 percent to $381 million driven by growth in data income and grow its voice market share by 21 percent by 2018.

(213 VIEWS)

Zimbabwe’s central bank says it will next week start to compensate depositors who lost their savings and pensions when the country  adopted the multiple foreign currencies in 2009 to replace the collapsed local unit.

(314 VIEWS)

Finance minister Patrick Chinamasa has tempered expectations of immediate financial assistance to the country’s private sector by the International Finance Corporation (IFC), the World Bank’s private sector lending arm which is making its first visit to the country since 2001.

(230 VIEWS)

Vice-President Phelekezela Mphoko yesterday called on Zimbabweans to unite and have a shared vision saying there was no one who was more Zimbabwean than others.

(508 VIEWS)

Information Minister Jonathan Moyo won his Tsholotsho seat back in a one-sided affair while Temba Mliswa narrowly lost to Zimbabwe African National Union-Patriotic Front’s Keith Guzah in the most heavily contested of the 16 by-elections held yesterday.

(597 VIEWS)