NMB’s diversification programmes pay dividends

Business Writer Banking group, NMB Holdings, is expected to cash in from its diversification efforts which will help cushion the bank from adverse impacts of the El Nino induced drought…

Large cap recoveries drive ZSE as VFEX records gains

Tapiwanashe Mangwiro The ZSE All Share Index was up by 3,17 percent from 95.99 points to 99.03 in the week ending April 26, 2024 as the market began appreciating the…

Masimba converts land banks into stands, houses

Enacy Mapakame Construction firm Masimba Holdings Limited is tapping into its vast land banks across the country, converting them into residential developments to deliver thousands of stands and houses. The…

RTG forecasts robust revenue growth for 2024

Nelson Gahadza Business Reporter Hotel group, the Rainbow Tourism Group (RTG) has forecast robust revenue performance in 2024 driven by the recovery of regional and international business. This comes as…

FCB eyes fresh lines of credit

Business Reporter FIRST Capital Bank (FCB) says it has engaged the African Development Bank (AfDB) and Trade Development Bank (TDB) for fresh lines of credit after significant drawdowns on previous…

Implats weighs 3 900 job cuts in SA

Impala Platinum IMP could cut 3 900 jobs as it restructures its South African operations due to lower metal prices, the miner said on Friday, with the news likely to…

Africa may have the lowest level of cyber threats

Cyber threats in Africa pose severe problems that require quick attention and coordinated action. As the continent enters the digital era, it must strengthen its defenses against emerging cyber threats.…

Zuckerberg fortune plunges as Meta’s shares tumble

Mark Zuckerberg’s fortune plunged US$18 billion as shares of Meta Platforms tumbled, allowing Tesla’s Elon Musk to cement his status as the world’s third-richest billionaire. Meta shares fell 11 percent…

WB suspends US$150m Tanzania tourism fund

The World Bank has suspended new disbursements from a US$150 million fund to expand a national park in Southern Tanzania, a spokesperson said on Wednesday, after the lender received allegations…

Real estate sector present vast opportunities

Business Writer Zimbabwe’s real estate landscape presents an opportunity to expand housing options, driven by the national housing deficit and continued demand for accommodation among average citizens, according to a…

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