adminShock, concern as albino killings resurface
Lilongwe – The Association of People with Albinism in Malawi (APAM) has expressed shock and concern over a recurrence of murders involving citizens living with albinism in the country, Malawi24…
Congo to block telecoms service during vote
Brazzaville – The Republic of Congo has instructed telecommunications firms operating in the country to block service during yesterday’s presidential vote. A letter dated on Friday from Raymond Zephirin Mboulou,…
Zim trade deficit narrows in first 2 months
Oliver Kazunga Senior Business Reporter— ZIMBABWE’S trade deficit stood at $380 million in January and February, narrowing from $466 million in the same period last year. Economic analysts say the trend reflects…
Economic pressures weigh on Choppies profits
CHOPPIES Enterprises’ performance for the six months ended December 31, 2015 was a mixed bag, with a revenue growth which did not translate into huge profits. Start-up costs, aggressive pricing and…
‘Zim a sleeping economic giant’
ZIMBABWE is a sleeping economic giant that requires revival by Zimbabweans and other Southern African nations, an envoy has said. The outgoing Ambassador of South Africa to Zimbabwe, Vusi Mavimbela, said…
Metallon FY output lower despite record Dec production
REGIONAL gold producer Metallon Corporation has delivered lower gold production in the year to December 31. However, it achieved record output for the month. The company, which has business interests in…
Bata ignores suspended workers
Midlands Correspondent SUSPENDED Bata employees have accused management of dragging its feet in concluding their cases after they engaged in an “illegal” demonstration last year. Nineteen workers who comprise mainly of…
Nicoz Diamond profitability slides
ZIMBABWE’S largest short-term insurer, Nicoz Diamond’s profitability for the year ended December 31, 2015 slid to $1 million from $1.1 million. The group’s total income rose to $27.1 million from…
NMBZ doubles profit, writes-off $12m in bad debts
BLUE-chip financial services group NMBZ Holdings has recorded a 231 percent increase in net profit to $5.5 million in the full year to December 2015 despite writing off loans amounting…
Gweru in $1.1m prepaid parking system joint venture
Lovemore Zigara Midlands Correspondent GWERU City Council has entered into a joint venture partnership worth $1.1 million with a local company, Zemqos to roll out an automated prepaid parking system in…