HARARE, September 5 (The Source) – Zimbabwe’s tax agency on Tuesday said it surpassed its August revenue target of $267. 66 million by 15 percent due to automation and an anti-corruption drive.
HARARE, September 1 (The Source) – Stanbic Bank Zimbabwe reported a 22 percent increase in after tax profit to $12,8 million in the half year to June from $10,5 million in the comparable period last year, on increased income. The bank’s total income increased by… Read More
HARARE, August 31 (The Source) – First Mutual Holdings Limited’s shareholders voted to approve a $17,25 million rights issue which will finance the acquisition of an 80,92 percent stake in Zimbabwe’s largest short-term insurer NicozDiamond, at an Extraordinary General Meeting (EGM) on Thursday. They also… Read More
HARARE, August 30 (The Source)- Standard Chartered Zimbabwe’s after tax profit for the six months to June increased 13 percent to $6.83 million compared to $6.05 million in the same period in 2016 largely on the back of credit loss containment and a reduction in… Read More
HARARE, August 30 (The Source) – Atlas Mara’s Zimbabwe unit BancABC reported a massive jump in after tax profits to $3.2 million in the half year to June from $200,000 during the same period in 2016, on cost containment and growth in revenue. During the… Read More
HARARE, August 29 (The Source) – Zimbabwe’s tax agency says it is lobbying for new legislation which will see tax evaders being handed stiffer penalties, as the country which solely relies on tax to fund its operations tries to shore up revenue collections. Zimbabwe Revenue… Read More
HARARE, August 28 (The Source) – Zimbabwean banks have significantly increased their holdings of treasury bills (TBs) by 87 percent in the six months to June, results from reporting banks show as government continues to dominate borrowing at the expense of productive sectors of the… Read More
HARARE, August 24 (The Source) – Ecobank Zimbabwe on Thursday said its after tax profit increased more than three fold to $11,4 million in the half year to June, from $3,4 million in the comparable period last year, driven by an increase in income and… Read More
HARARE, August 24 (The Source) – Zimbabwe’s state owned bank POSB reported an 8 percent decline in after-tax profit to $3,83 million in the six months to June from $4,17 million in the comparable period last year, as the bank’s revenue took a dip. Net… Read More
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 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.
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.