Barclays Zim divesture to be completed in H2

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.
Posted On 16 Aug 2017

BAT Zim make adjustments to board

HARARE – Cigarette manufacturer, British American Tobacco (BAT) has appointed three members to its board, while one non-executive director has left with effect from the 25th of July.
Posted On 11 Aug 2017

CABS H1 profits decline

Enacy Mapakame HARARE – Mortgage lender, CABS profit for the half year to June 30, 2017 amounted $16 million, which was 20 percent lower than $20 million reported in the same period last year.
Posted On 11 Aug 2017

NBS unveils houses

HARARE – The National Building Society (NBS) on Thursday unveiled 65 newly built low cost houses in Amalinda high density suburb.
Posted On 11 Aug 2017

Poor infrastructure forces pre-clearance system on Zim’s borders

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.
Posted On 11 Aug 2017

Zim market not yet affected by bird flu, says association

HARARE – The local poultry market is yet to feel the impact of the contagious bird flu disease which has killed thousands of chickens, an official has said.
Posted On 10 Aug 2017

Dairibord narrows H1 loss

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.
Posted On 10 Aug 2017

Funeral assurers seek exemption from minimum capital requirements

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.
Posted On 10 Aug 2017

Premier convinced on ‘no-sell position’ for Zim lithium project

HARARE – Diversified miner Premier African Minerals says it will further develop the Zulu lithium and tantalum project in Zimbabwe despite having solid offers on the table.
Posted On 10 Aug 2017

Power Company misses output target

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.
Posted On 10 Aug 2017