FIRST Capital Bank (FCB) says its deposits declined by 19,54 percent to US$109,5 million during the half-year ended June 30, 2023, owing to the devaluation of the Zimdollar. The domestic unit lost more than 75 percent against the greenback during the period. The bank’s US dollar-denominated deposits, however, increased by 6,6 percent during the…
ZIMBABWE and the Democratic Republic of Congo are bullish about their trade potential after a third formal interaction between the two countries’ business communities in the last four months. Trade development and promotion body ZimTrade in May led a business delegation to the DRC, which was reciprocated by a swift follow-up visit to Zimbabwe in…
AMALGAMATED Regional Trading (Art) says it will leverage on its global sourcing partners to deliver cost-competitive raw materials. This comes as the diversified group had previously raised concerns about raw materials shortages impacting its operations. “The increased capacity and new equipment will enable us to deliver a wide range of quality products to our customers,”…
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