StanChart Zim to rollout first retail digital banking platform

HARARE – Zimbabwe`s oldest commercial bank, Standard Chartered Bank Zimbabwe Limited will in the second quarter of this year roll out its first retail digital banking platform as the international banking institution move to enhance efficiency as electronic banking continues to gain traction.

Currency issues hit TM Supermarkets’ performance

Pick n Pay’s Zimbabwean subsidiary TM Supermarkets took a 6,3 percent hit on profits in the 52-week period to end of March as it adjusted to currency and exchange reforms.

It’s a century since an international civil service came into being. Why it matters

This year marks a century since a formal international civil service was introduced into the world. The first time this particular breed of professionals came into existence was at the signing of the Versailles Peace Conference during 1919 and the subsequent establishment of the League of Nations in January 1920.

China’s Xi says Belt and Road must be green, sustainable

BEIJING – China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high-quality” growth for everyone.

Rand strengthens slightly ahead of U.S. growth data

JOHANNESBURG – South Africa’s rand strengthened slightly against the dollar on Friday with other emerging markets, but its gains were capped by a strong dollar ahead of U.S. growth data.

Delta sales volumes drop

HARARE – Beverage manufacturer, Delta  corporation, on Thursday said volumes in both its lager and sorghum  businesses in the fourth quarter ended March this year declined on weak  consumer spending.

NMB doubles FY profits

Mike Tome HARARE – NMB Holdings posted a 109 percent jump in profit before tax to US$27, 1 million for the year up to 31 December 2018 from US$13 million recorded in…

RBZ ups ante over inflation

The Reserve Bank of Zimbabwe (RBZ) is aiming at cooling high inflation by targeting a gradual decrease in money supply growth to a roughly 10 percent annual expansion in the short term, a senior official with the apex bank said on Wednesday.

Govt approves US$7bn investments

Zimbabwe has approved US$7 billion in investment proposals since the establishment of an interim committee to administer a One-Stop Investment Service Centre (OSISC) in August last year while legislation to create a substantive investments authority is being finalised.

Nissan talks up Zim

Car maker, Nissan, says Zimbabwe is a critical market for the company, adding that there is “great potential”, which it is set to explore in the near future.

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