Muradzikwa quits CFI board ahead of EGM

HARARE,November 13 (The Source)-  CFI Holdings acting Chairperson Grace Muradzikwa has resigned ahead of the agro-industrial group’s extraordinary general meeting (EGM) meant to fire her and two other directors. Muradzikwa has been on the board since 2004, she served as the acting chairman since April… Read More

NicozDiamond sells off Uganda operation

HARARE, September 21 (The Source) – Zimbabwe’s largest short-term insurer, NicozDiamond says it has found a prospective buyer for its Ugandan operation, First Insurance Company (FICO). The Group is looking at disposing of FICO, which it acquired from parent company Zimre Holdings, citing low returns… Read More

CFI H1 loss widens to $6,1mln

HARARE, June 2 (The Source) – Diversified agro-industrial concern CFI Holdings’ loss for the half-year to March 31 widened to $6,1 million from $3,8 million last year, as low capacity utilisation and inadequate working capital weighed down operations. CFI is the holding company of agro-industrial… Read More