Africa, Caribbean community cement ties with a bank

Business Writer The African Export-Import Bank has helped cement ties between Africa and the Caribbean Community (CARICOM) by opening the Caribbean office of the Bank in Bridgetown, Barbados. Opening of…

Remittances top US$900 million in six months

Business Writer Diaspora remittances to Zimbabwe reached over US$900 million in the first six months of this year, translating to a 15 percent increase from last year’s figure. Diaspora remittances…

FCB launches 26th branch in Harare- Machipisa

Malvern Nkomo First Capital Bank opened its 26th branch at Machipisa Shopping Centre in Highfield – Harare on Saturday, to offer banking services to the community as well as greater…

Zim businesses urged to adopt cloud for business continuity

Business Writer Zimbabwean businesses have been implored to embrace business continuity planning cloud solutions for the smooth running of their operations so as to minimise disruptions in the ever-evolving digital…

Natbrew on recovery trajectory

Business Writer National Breweries (Natbrew), a unit of Delta Corporation Zimbabwe, says the continued implementation of the turnaround strategy has seen increased acceptance of the group’s mainstream products, providing opportunities…

Implats reports earnings slump amid lower prices, power cuts

Compiled by Lisa Steyn Impala Platinum expects to report a more-than 20 percent drop in annual earnings as a result of weak metal pricing and lower refined production as a result…

Real estate sector, a lucrative investment option

Enacy Mapakame Although the real estate sector remains a lucrative investment option in Zimbabwe offering real returns despite, the obtaining economic headwinds pose serious threats to its full potential. Since…

CBZ’s gross PML seen at US$736,74m

Business Writer CBZ Holdings has estimated the gross Probable Maximum Loss (PML) for its short-term insurance to be US$736,74 million for the year to December 31, 2022 citing the physical…

RBZ turns down currency board proposal

Oliver Kazunga THE Reserve Bank of Zimbabwe (RBZ) has turned down a proposal to introduce a currency board following the entrenchment of the multicurrency system into law by the Government…

Zim among countries with highest poverty levels

Business Writer Higher food and energy prices combined with the weakening of global demand, shocks related to Covid-19, and extreme weather events have driven more southern African people into poverty,…

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