Zimbabwe changes empowerment law

Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according…

NicozDiamond in $2.4 million profit

Zimbabwe’s largest short-term insurer NicozDiamond posted an after tax profit of $2.44 million in 2017 compared to $1.75 million in 2016 largely driven by modest growth across the group and…

MBCA rebrands to Nedbank Zimbabwe

MBCA Bank yesterday rebranded to Nedbank Zimbabwe but said clients would not be able to access cash easily when outside the country despite the bank’s presence in the region. Nedbank…