HARARE, February 15 (The Source) – ZB Financial Holdings on Thursday reported a 36 percent rise in net income to $15,51 million for the full year to December, 2017 from $11,43 million in the previous year on increased income.
HARARE, January 15 (The Source) – Time Bank says it will reopen its doors to the public, 14 years after it was shut down and years of running battles to restore its banking licence.
HARARE, December 24 (The Source) – The Zimbabwe Stock Exchange’s main industrials index eased 3,26 percent in the week to settle at 317,73 points on renewed confidence in the country’s economic direction ahead of the festive holidays. The mining index however gained 0,54 percent to… Read More
HARARE, December 13 (The Source) – Microfinancier Untu Capital says it plans to seek prescribed asset status for its $2 million medium-term note in a bid to attract institutional investors.
HARARE, December 13 (The Source) – AfrAsia Bank Zimbabwe says it will not be able to pay its creditors this year due to ongoing legal proceedings and an acute shortage of money on the market, which have delayed liquidation of the collapsed bank.
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.