Homelink will soon introduce more housing projects after the launch of its low-income housing venture in Bundira. DIVERSIFIED financial services group, Homelink, says it will soon introduce more housing projects after the launch of its low-income housing venture in Bindura. Set up in 2005 as a vehicle to harness foreign currency from the diaspora…
TREASURY says it expects to raise at least $350 million next year from the privatisation of public enterprises. Government is undertaking a raft of state enterprise reforms under which 16 entities will be privatised, 13 parastatals merged while others will be liquidated. The reforms have been necessitated by sub-optimal operations at most of these entities…
ZIMBABWE’s annual broad money supply (M3) rose by 35,68 percent to $10,1 billion in September 2018, from $7,5 billion in September 2017 driven by an increase in demand deposits and currency in circulation, latest data from the central bank has shown. This comes as the supply of bond notes in circulation increased to $354 million…
ZIMBABWE’s trade deficit during the 10 months to October 30, 2018 reached $2,2 billion, against a shortfall of $1,6 billion during the same period the previous year, data from the central bank and Zimbabwe National Statistics Agency (ZimStat) has shown. The southern African country has persistently run trade deficits since dollarisation in 2009, recording only…
DEMAND for Delta Corporation’s (Delta) products is expected to remain firm in the near future, making the company’s stock a good bet, a financial advisory firm has said. This was after the Zimbabwe Stock Exchange-listed counter, which manufactures lagers, traditional sorghum beers and sparkling soft drinks, ordered most of its suppliers to maintain their pricing…
ECONET Wireless Zimbabwe (Econet)’s telecommunications, media and technology (TMT) strategy has paid off after the company posted record revenue for the half year ended August 2018, spurred by the triangular offensive. Established in 1998, the group has grown from being just a telecommunications company to a full TMT outfit with a full suite of media…
ZIMBABWE Stock Exchange-listed cables maker, CAFCA, recorded a $3,5 million profit after tax in the year to September 30 2018, up from $726 213 posted in prior comparable period. Caroline Kangara, the group’s company secretary, said the performance was driven by volumes growth in the local market on the back of protection local manufacturers by…
STEWARD Bank has emerged as a force to reckon with in the local banking sector after an aggressive drive that has given it the largest customer base ahead of long-established institutions like CBZ. The bank, which was launched in 2013 following Econet Wireless’ acquisition of TN Bank, says it now has 747 729 customers, ahead…
ZIMBABWE’s fuel imports rose to $1 billion between February and September from about $700 million during the same period last year as the country experienced increased demand for fuel. According to the Confederation of Zimbabwe Industries’ (CZI) latest economic update, demand for fuel has surged in the country due to increased consumption by both the…
THE value of shares traded on the Zimbabwe Stock Exchange (ZSE) during the 10 months to October hit a record high of $715 million, official data has shown. This amount was $20 million higher than the $695 million notched by the ZSE during the full year ended December 31, 2017, and is the highest ever…
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