HARARE, December 12 (The Source) – The African Export Import Bank (Afreximbank) said on Tuesday it will avail up to $1.5 billion in credit to Zimbabwe and provide guarantees to foreign investors looking to invest in the southern Africa country.
HARARE, December 10 (The Source) – The Zimbabwe Stock Exchange mainstream index shed 10,16 percent to close the week on 335,97 points, on losses in selected heavyweight counters as punters see positives in the country’s economic direction. The mining index however gained 4,67 percent to… Read More
HARARE, December 8 (The Source) – Zimbabwe’s finance minister Patrick Chinamasa says country’s cash crisis will not be resolved overnight, saying he is minded to tackle the widening budget trade deficit.
HARARE, December 6 (The Source) – First Mutual Holdings (FML) is set to acquire Zimbabwe’s largest short term insurer, NicozDiamond, after getting regulatory approval, the company said on Wednesday. State-controlled pensions manager National Social Security Authority (NSSA) has transferred to FML its holdings of 300,263,184… Read More
HARARE, December 1 (The Source) – Micro-financier, Untu plans to issue medium term notes of up to $5 million on the alternative trading platform (ATP), Financial Securities Exchange (Finsec), the company said in a pre-listing statement on Friday.
HARARE, November 29 (The Source) – Microﬁnance bank, Getbucks reported a 66 percent growth in profit after tax to $1,1 in the first quarter to September 30, driven by soaring revenue.
HARARE, November 27 (The Source) – The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
HARARE,October 31 (The Source) – Steward Bank on Tuesday said its after tax profit more than trebled to $8,5 million in the six months to August from $2,6 million in the comparable period last year, driven by a significant increase in revenue.
HARARE, October 26 (The Source) – Stanbic Bank on Thursday revised downwards its monthly limits for foreign transactions to $100 effective October 31, 2017 as foreign currency shortages persist.
HARARE, October 23 (The Source) – Zimbabwe investment group, Brainworks Capital’s loss after tax widened to $5,2 million in the six months to June, from $1,6 million in the comparable period last year on increased expenses despite a 23 percent rise in revenue.
By Almot Maqolo, HARARE, October 20 (The Source) – The Deposit Protection Corporation (DPC) says it is ready to pay out $4.2 million to creditors and depositors of Tetrad Investment Bank.
HARARE, October 13 (The Source) – Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank.
By Yeukai Musara, HARARE,October 12 (The Source) – Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
By Ray Chipendo, HARARE, October 6 (The Source) – All investments involve an element of risk. The risk component is ostensibly behind the volatility in Zimbabwe’s currency markets.
HARARE, October 5 (The Source) – Zimbabwe’s tax agency on Thursday said it surpassed its September revenue target of $326,49 million by 14,34 percent on increased tax compliance.