Parliament orders accountant-general to publish 2016 financials

ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government's consolidated financial statements for 2016 and 2017 before year-end.Muchemwa, who on Monday appear...

By Staff reporter | Published: 04 December 2018


Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018


TelOne's hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services hackathon for State-owned mobile operator NetOne in collaboration with South Africa's FinMark Trust to promote mobile financial ...

By Staff reporter | Published: 12 July 2018


'Illicit financial flows lead to budget deficit'

The Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it h...

By Staff reporter | Published: 11 July 2018


Impact of illicit financial flows on socio economic development

While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...

By Davison Kaiyo | Published: 05 July 2018


IDCZ appoints financial advisor for Chemplex transaction

THE Industrial Development Corporation of Zimbabwe Limited (IDCZ) has finalised the appointment of a financial advisor to handle the dilution of its shareholding in chemicals and fertilisers subsidiar...

By Staff reporter | Published: 22 June 2018


Actuaries can stabilise Zim's financial sector

An increased number of actuarial professions practicing in the country can help stabilise the financial sector, the Insurance and Pensions Commission acting Commissioner Blessmore Kazengura has said.S...

By Staff reporter | Published: 15 June 2018


Brainworks to restructure, dispose of financial arm

BRAINWORKS Limited is set to embark on a restructuring exercise that will see the company disposing of its financial services section to focus on hospitality, leisure and real estate. The company anti...

By Staff reporter | Published: 12 June 2018


Govt urged to set up financial intelligence unit

THE Government should establish an independent financial intelligence unit, outside the Reserve Bank of Zimbabwe, to guarantee its effectiveness under the Money Laundering and Proceeds of Crime Act....

By Staff reporter | Published: 04 June 2018


Zimbabwe's mining sector illicit financial flows

Soon after his inauguration the President of Zimbabwe Emmerson Mnangagwa announced that he has a list of individuals and corporates that has been externalizing money and assets and granted them a thr...

By Davison Kaiyo | Published: 31 May 2018


Traditional leaders get financial literacy training

ZIMBABWE requires an economic model that empowers communities to develop businesses and create jobs within their immediate environment, National University of Science and Technology (Nust) Vice Chance...

By Staff reporter | Published: 17 May 2018


Banks urged to offer affordable financial services

BANKS have been urged to capitalise on technological developments, share information and offer affordable financial services to consumers to promote financial inclusion.The call was made by Reserve Ba...

By Staff reporter | Published: 08 May 2018


Money changers derailing regional financial integration

Reserve Bank of Zimbabwe deputy governor Jesimen Chipika has accused illegal money changers of derailing regional financial integration efforts and promoting money laundering.Chipika made the remarks ...

By Staff reporter | Published: 25 April 2018


'Zimbabwe has leadership crisis, not financial'

ZIMBABWE has no financial crisis, but suffers from leadership and management crisis due to endemic corruption associated with the ruling Zanu-PF top officials, Coalition for Democrats (Code) leader El...

By Staff reporter | Published: 18 April 2018


Chinese financial giants invited to Zimbabwe

President Mnangagwa has invited Chinese financial institutions to establish themselves in Zimbabwe to provide funding for economic reconstruction.Addressing the Zimbabwe China Business Forum here this...

By Staff reporter | Published: 06 April 2018


Edgars on sound financial footing

ZMBABWE Stock exchange listed company, Edgars Stores Limited, continues to consolidate its sound financial footing after reducing borrowings to $4.6 million in the financial year ended January 7, 2018...

By Staff reporter | Published: 29 March 2018


RBZ wants more financial inclusion for women

THE Reserve Bank of Zimbabwe (RBZ) has called on women nationwide to embrace the financial inclusion programme to foster economic development in the country.Financial inclusion is meant to empower mo...

By Staff reporter | Published: 26 March 2018


Mnangagwa heads to China to seek financial aid

President Emmerson Mnangagwa heads to China in the first week of April to try to secure greater access for Zimbabwe companies to that market and strengthen the Look East policy. In his first official ...

By Staff reporter | Published: 22 March 2018


Are Mobile Network Operators shackling financial inclusion?

Financial inclusion is a key enabler of sustainable economic and social development. Initiatives by the United Nations and the World Bank Group continue to drive financial inclusion and it has become ...

By Thenjiwe Gumbi | Published: 23 February 2018

ANNOUNCEMENTS | Audited Financial Results FY17

Financial Highlights:- Revenue $ 50 555 093- Profit from operations $ 7 002 016- Profit before tax $ 6 380 382- Profit for the period $ 4 843 250- Dividend per share 0.45 US cents- Total comprehensive...

By TSL | Published: 12 February 2018

ANNOUNCEMENTS | Unaudited Financial Results HY18

Financial Highlights:– Revenue $ 6 514 870– Operating profit $ 239 049– Profit from operations $ 352 116– Profit before tax $ 329 166– Profit for the period $ 171 499– Dividend Nil– Tota...

By NTS | Published: 01 February 2018

ANNOUNCEMENTS | Audited Financial Results FY17

Financial Highlights:– Revenue $ 53 852 737– Gross profit $ 13 307 967– Profit from operations $ 2 310 267– Profit before taxation $ 1 464 876– Dividend Nil– Total comprehensive income for...

By PWS | Published: 01 February 2018

ANNOUNCEMENTS | Audited Financial Results FY17

Financial Highlights:– Revenue $ 33 489 000– Gross profit $ 14 161 000– Operating profit before interest and tax $ 5 142 000– Profit before tax $ 3 992 000– Profit after tax $ 2 749 000– D...

By ARTD | Published: 01 February 2018

ANNOUNCEMENTS | Audited Financial Results FY17

Financial Highlights:– Revenue $ 9 683 280– Gross profit $ 2 237 665– Operating profit $ 644 380– Loss before taxation $ (146 188)– Profit for the year $ 304 906– Dividend Nil– Total com...

By WILD | Published: 01 February 2018

ANNOUNCEMENTS | Audited Financial Results FY17

Financial Highlights:– Revenue $ 6 894 732– Gross loss $ (3 629 855)– Net operating loss $ (5 163 726)– Loss before taxation from continuing operations $ (5 157 511)– Loss for the year $ (75...

By FALG | Published: 01 February 2018

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