TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

FINANCIAL SERVICES

CBZ posts 300% jump in net profit

ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

POLITICS

Chamisa's MDC allocates posts to ex-G40 cadres

FORMER members of the deposed Generation 40 (G40) faction have secured positions in the opposition MDC party's Harare provincial executive. G40 is a Zanu-PF faction that worked tirelessly to secure fo...

By Staff reporter | Published: 30 April 2019

FINANCIAL SERVICES

Stanchart posts 38% improvement in profit-after tax

STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...

By Staff reporter | Published: 26 April 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts 9,2% profit

Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Micro-finance sector posts strong performance

THE microfinance credit-only sector has posted a strong financial performance for the first nine months of the year despite operating under a challenging environment, according to Zimbabwe Association...

By Staff reporter | Published: 26 November 2018

POLITICS

Top govt posts for Khupe?

Speculation is rife between the MDC led by Thokozani Khupe that its leader could be earmarked for a diplomatic posting in President Emmerson Mnangagwa's government. This follows claims on social media...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Agribank posts $2,9m profit

AGRIBANK has recorded a profit of $2,9 million in the first five months of the year to May 31, 2018, a move that thrusts the agriculture financing institution on a path to more profits by year end.The...

By Staff reporter | Published: 02 July 2018

POLITICS

Govt mulls 3 more border posts

GOVERNMENT is set to establish three new ports of entry along the Zimbabwe-Mozambique border to facilitate the smooth flow of goods and people between the two countries. The initiative is part of the ...

By Staff reporter | Published: 25 June 2018

POLITICS

'Ministers to apply for posts'

OPPOSITION Alliance for People's Agenda (APA) presidential candidate Nkosana Moyo has pledged a governance paradigm shift, where prospective Cabinet ministers would have to apply and be considered on ...

By Staff reporter | Published: 22 June 2018

TRANSPORT & TOURISM

RTG posts 16% revenue growth

RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...

By Staff reporter | Published: 19 June 2018

POLITICS

Zanu-PF bigwigs to miss out on ministerial posts

ZANU-PF is proposing that holders of senior party positions must not be appointed as ministers so that they can monitor the implementation of Government policies and programmes.President Mnangagwa hin...

By Staff reporter | Published: 12 June 2018

POLITICS

Chamisa begs Mnangagwa for government posts

INTERACTION between President Mnangagwa and opposition figures will only be a fixture of post-election Zimbabwe and not before, Secretary for Information, Media and Broadcasting Services Mr George Cha...

By Staff reporter | Published: 04 June 2018

MINING & RETAIL

OK Zimbabwe posts $16 million profit

RETAIL giant, OK Zimbabwe Limited, has posted an impressive $16,6 million profit for the full year period ended 31 March 2018 up from $6,1 million recorded in the same period last year.Revenue grew 23...

By Staff reporter | Published: 24 May 2018

INDUSTRIALS & ENERGY

Delta Corporation posts profit up 27%

Zimbabwe's largest brewer Delta Corporation reported a 27 percent jump in full-year profit to $89 million on Wednesday, after strong sales of beer and soft drinks in the second half of its financial y...

By Reuters | Published: 10 May 2018

FINANCIAL SERVICES

Fidelity posts $1,3m loss on asset write-offs

Zimbabwe Stock Exchange-listed Fidelity Life Assurance tumbled to a loss of $1,3 million in 2017 against the restated profit of $6,4 million in the prior year attributed to shareholder asset write-off...

By Staff reporter | Published: 07 May 2018

TRANSPORT & TOURISM

Unifreight posts $2,1 million pre-tax profit

ZIMBABWE Stock Exchange listed transport and logistics company Unifreight Africa posted before tax profit of $2,1 million from continuing operations in the year to December 31, 2017. This profit repre...

By Staff reporter | Published: 03 April 2018

FINANCIAL SERVICES

POSB posts rise in profit

THE People's Own Savings Bank (POSB) posted a profit of $11.3 million for the year ended December  31, 2017 up from $9.6 the previous year.Board chairperson, Mrs Mathilda Dzumbunu, said the posit...

By Staff reporter | Published: 02 April 2018

FINANCIAL SERVICES

Stanbic Bank posts impressive profits

STANBIC Bank Zimbabwe has shrugged off the prevailing harsh economic environment to post an impressive set of results for the year ended December 2017 headlined by a profit after tax of $27.6 million,...

By Staff reporter | Published: 30 March 2018

FINANCIAL SERVICES

Agribank posts $8m profit

AGRIBANK has recorded a profit after tax of $7,9 million for the year to December 31, 2017, representing a 65 percent jump compared to 2016 driven by a surge in non-interest income.Non-interest income...

By Staff reporter | Published: 29 March 2018

POLITICS

Zanu-PF bigwigs fight over posts

Several Zanu-PF heavyweights who include Cabinet ministers could fall by the wayside in the party's forthcoming blood and thunder primary elections, with the youth league cranking up the heat on senio...

By Staff reporter | Published: 25 March 2018

LANDS & AGRICULTURE

GMB posts $209 million loss

THE Grain Marketing Board (GMB) posted a $209 million loss in the financial year ended December 31, 2017 due to subsidised sales to millers, an official has said.According to ZBCtv, GMB general manage...

By Staff reporter | Published: 25 January 2018

BUSINESS NEWS

Zim posts $185m surplus with South Africa

ZIMBABWE recorded a $185 million trade surplus against its major trading partner, South Africa, after exporting goods worth $2,182 billion to the neighbouring country in the 11 months to November 2017...

By Staff reporter | Published: 09 January 2018

BUSINESS NEWS

Border posts beefed up for Christmas period

THE Zimbabwe Revenue Authority (Zimra) has introduced an electronic Temporary Import Permit (E-TIP) to accelerate clearing of motorists arriving for the festive season with close to 100 officers set ...

By Staff reporter | Published: 01 December 2017
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