AfrAsia Bank assets go under the hammer

The Deposit Protection Corporation has put assets of the collapsed AfrAsia Bank Zimbabwe under auction to recover creditors money but said cash shortages were affecting the liquidation process. Liquidator Reggie…

Zimplats revenue up 41percent

Zimplats reported a 27 percent increase in after-tax profit to $20.6 million for the three months to December 2016 driven by a 41 percent increase in revenue. Revenue rose to…

Zimbabwe Alloys scouts for investors

Zimbabwe’s second largest ferrochrome producer Zimbabwe Alloys is searching for investors to inject cash in its operations despite the risk of losing half of its mining claims to government. A…