ZB to invest $100m in Government projects

Livingstone Marufu Zimbabwe Stock Exchange- listed ZB Financial Holdings says it is keen to fund $100 million worth of projects under Government’s 100-day programme to expedite their completion.

Zimplow records $3,44m after tax profit

Good performance across Zimplow Holdings’ units saw the group overturning a $2,42 million FY2016 loss to achieve a profit after tax of $3,44 million in 2017.

Shareholders blame ZSE for CFI ‘saga’

Kudzanai Sharara The latest decision by an “unknown entity”, using the CFI Holdings Limited (CFI) logo, to make an offer to purchase the company’s shares at a 35,68 percent premium…

Pension conversion row heats up

Business Writers The blazing row emanating from differences within a high-profile commission of inquiry tasked to look into the conversion to US dollars of pension and insurance contracts originally in…

Vingirai booted out of Mashonaland Holdings

Enacy Mapakame Businessman and former banker, Nicholas Vingirai, has been booted out of the Mashonaland Holdings Limited board of directors, as shareholders continue battling for control of the listed property…

37 Government websites hacked

Golden Sibanda A total of 37 Government websites were hacked between 2013 and 2016 with 140 such cases being recorded over nearly the same period, an indication that Zimbabwe is…

Row over CSC shareholding

Ishemunyoro Chingwere and Africa Moyo The intended $18 million investment into the Cold Storage Company (CSC) by the National Social Security Company (NSSA) is understood to have hit turbulence, amid…

Knives out for De Beers

Parly committee starts gathering evidence Case could end up at international arbitration

Why banks are not lending

Kudzanai Sharara Taking Stock Despite high levels of economic confidence expressed by business executives in the latest Confederation of Zimbabwe Industries (CZI) Business Confidence Survey, one key economic indicator is…

Zesa accumulates over $444m losses since dollarisation

Tawanda Musarurwa Zimbabwe Electricity Supply Authority Holdings (ZESA) has accumulated losses of over $444 million since dollarisation with the state institution attributing this position to the prevailing low tariffs.

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