NMB secures $5m for industry, SMEs

HARARE  –  Listed financial services firm, NMB Holdings has secured a $5 million loan facility from a “regional finance house”, CEO Mr Ben Washaya has said.
Posted On 24 May 2017

Zim up six places on Africa’s Visa Openness Index

HARARE  -  Zimbabwe last year climbed six places to  position 21 on the African Visa  Openness Index (AVOI) out of 54 countries as measured by the African  Development Bank (AfDB). The AVOI measures how open countries are when it comes to visas by  looking at what they ask of...
Posted On 24 May 2017

OK Zim FY profit rises 800pc

HARARE  –  Listed giant retailer OK Zimbabwe’s profit for the year ended March 31, 2017 rose by a hefty 800 percent to $6 million from $672 294 in the prior year.
Posted On 24 May 2017

ASA’s revenue up 0,6 percent

ASA Resource Group PLC said it recorded an increase in revenue and earnings for the year to March 31 but warned it may be forced to take impairments following the removal of some of its directors and the disappearance of $4,3 million in funds.
Posted On 23 May 2017

AfrAsia depositors, creditors receive $4.8 mln pay-out

Harare –  Former depositors and creditors of  AfrAsia Bank, formerly Kingdom Bank, have to date received $4.84  million in compensation over two years after the bank was closed and  put under liquidation.
Posted On 23 May 2017

Tobacco sales gross $356 million

Flue-cured tobacco farmers had as of Friday last week delivered 125 million kg to both the auction and contract sales floors worth $355,8 million since the 2017 marketing season.
Posted On 23 May 2017

Getbucks $30 mln offer opens

Harare –  Subscription to Getbucks Zimbabwe’s (Getbucks) pace setting $30 million debt instrument opened on Monday and will run until mid-next month.
Posted On 23 May 2017

Food processer to double production

Kudakwashe Mhundwa Emerging potato crisps manufacturer Hanawa Super foods says it aiming to double its capacity to 80 percent this year after attending to power and raw material supply concerns.
Posted On 22 May 2017

Joint office to develop small hydro-power projects in the region unveiled

The development of small hydro-power plants in the region has received a major boost following the start of a joint initiative between the Common Market for Eastern and Southern Africa (COMESA) and the International Centre on Small Hydro-Power (ICSHP) to facilitate the mutual...
Posted On 22 May 2017

Cabinet okays investor for platinum project

CABINET has approved Luxembourg registered Eurasia Resources Group’s takeover of Todal Mining, as it seeks to facilitate development of its Bokai concession into a producing mine, despite concerns that the original lease holders sold the claims in a speculative deal on the London...
Posted On 22 May 2017