HARARE, August 23 (The Source) – NMB Holdings Limited on Wednesday reported a 35 percent increase in after-tax profit in the six months to June from $2.6 million in the prior year to $3.6 million despite an 8 percent drop in gross income. Total income… Read More
HARARE, August 23 (The Source) – Financial group FBC Holdings on Wednesday reported a three percent increase in after-tax profit to $9,6 million in the six months to June, from $9,3 million recorded in the same period last year, on cost cutting. Total income decreased… Read More
HARARE, August 23 (The Source) – Maize deliveries to the Grain Marketing Board (GMB) for the 2016/17 farming season have exceeded half a million tonnes, an official said on Wednesday. In a speech read on his behalf at an agribusiness conference on Wednesday Vice President… Read More
HARARE, August 22 (The Source)- Zimre Property Investments on Tuesday reported a 7 percent decline in revenue to $2,76 million in the six month period to June, weighed down by a 14 percent fall in rental income as the property sector remained subdued. The average… Read More
HARARE, August 22 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill. Last November, the company commissioned an $82 million plant in Harare,… Read More
HARARE, August 21 (The Source) – Arise, an investment company formed by the Norwegian Investment Fund (Norfund), Netherlands Development Fund (FMO) and Dutch commercial bank Rabobank has taken a nearly 18 percent stake in zimbabwean bank NMBZ Holdings. The transactions effectively consolidates Norfund and FMO’s… Read More
HARARE, April 26 (The Source) – Life assurance premium income dropped by 6 percent to $81,4 million in the first quarter to March from $88,1 million reported in the same period last year, the latest report by the Insurance and Pension Commission (IPEC) shows.
BULAWAYO, August 21 (The Source) – The cost of poultry products is seen rising following the outbreak of avian influenza in Zimbabwe that has led to a drop in the availability of broiler chicks by nearly 500,000 per week, according to an industry report.
HARARE, August 21 (The Source) – The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players. “With immediate effect, 80 percent of all foreign exchange receipts from… Read More
HARARE, August 18 (The Source) – Buildings materials maker Turnall Holdings on Friday said cash flow and production volumes are showing signs of recovery in the second half of the year after a ‘difficult’ first half period.
HARARE, August 17 (The Source) – State-owned mobile operator, Netone, in collaboration with First Mutual Life (FML), on Thursday launched a low cost funeral policy supported by a $10 million BancABC facility.
HARARE, August 17 (The Source) – Zimre Holdings Limited (ZHL) says it has started negotiations over the disposal of some of its assets, likely including the 30.03 percent stake in NicozDiamond to state-controlled pension fund, the National Social Security Authority (NSSA).
HARARE, August 17 (The Source) – Mortgage lender CABS says a total 200 houses under the Budiriro housing project have been purchased through the rent to buy scheme since it was introduced last year.
HARARE August 16 (The Source) – Zimbabwe’s tobacco sales are down 7.3 percent to 185,6 million killogrammes after heavy rains affected output, figures from the industry regulator have shown.
HARARE, August 16 (The Source) – State-owned Agricultural Development bank of Zimbabwe (Agribank) reported a profit of $2,18 million in the six months to June from $2,16 million recorded in the comparable period last year on increased income.