HARARE – Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going forward.
HARARE – Ineffectual infrastructure has remained a significant contributor to bottlenecks at Zimbabwe’s borders, with the Zimbabwe Revenue Authority (ZIMRA) moving to use a pre-clearance system to expedite flow of traffic.
HARARE – Dairy foods manufacturer Dairibord Holdings narrowed its loss for the half-year to June 30, 2017 to $845,000 from $1,9 million in the same period last year despite decline in raw milk uptake due to bad weather.
BULAWAYO – Funeral assurers are pleading with Government to be spared from the proposed increased minimum capital requirements of $2,5 million from $1,5 million highlighting that the majority of their business is purely micro insurance in nature.
HARARE – The Zimbabwe Power Company (ZPC) says electricity generated in the second quarter of 2017 was five percent below target due to inadequate coal supplies for its thermal power stations and continued water conservation measures at Lake Kariba.