FBC Holdings (FBC) posted a US$30.4 million profit for the year ended December 31, 2025, up 70 percent from US$17.9 million in 2024, attributable mainly to growth in non-interest income. The diversified financial services group’s topline was also bolstered by a positive insurance service result of US$4,15 million, overturning the previous year’s loss position of…
The vast data centers that power artificial intelligence guzzle huge amounts of energy but they also have another alarming impact, according to new research. They are creating “heat islands,” warming…
SUCCESSBANK posted a 51,5 percent increase in profit after tax of ZiG29,97 million for the year ended December 31, 2025, from ZiG19,78 million the previous year, mainly supported by the expansion of the lending book. The deposit-taking micro-lender capitalised on demand for credit across the market to execute its aggressive lending activities. Net interest income…
By Hein Kaiser, The Citizen South African Airways (SAA) received a quiet government bailout of more than R1 billion in the 2024-25 financial year, contributing to its healthy profit announcement. The…
Gold steadied after its first weekly gain since the Middle East conflict began, as dip-buyers supported prices while the market awaited clarity on the duration of the conflict. Bullion recovered…
TENDAI Zimuto and Ethel Pangiso delivered commanding performances to emerge as the winners in the Nyaradzo 25th anniversary race held at Seal Lifestyle Park in Chishawasha, Harare, yesterday, winning the…
ACROSS small fish farms scattered around Zimbabwe, tilapia is often lifted straight from ponds and sold fresh to nearby buyers, generating quick cash but offering little access to larger, more lucrative markets. Authorities now want to change that narrative and transform fish farming into a stronger driver of exports, jobs and rural incomes. Speaking at…
THE COMESA Competition and Consumer Commission (CCCC) has warned businesses against opportunistic pricing in the wake of supply disruptions linked to the Middle East crisis. Economists caution that limited transparency could allow inflationary pressures and unfair practices to intensify. The ongoing conflict has disrupted global supply chains, particularly in energy markets, with ripple effects on…
By Jackson Mashinge AS firms race to keep up with rapid technological change, the accounting profession is quietly being transformed. Once defined by ledgers, calculators and rigid month-end routines, modern…
THE hospitality sector is facing mixed prospects this Easter, with some industry players anticipating a moderate dip in visitor numbers due to recent fuel price hikes, while others have noted steady growth in bookings. Amid escalating conflict in the Middle East and the resulting disruption to global aviation networks, some Zimbabweans appear to be shifting…
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