THE local unit of Standard Chartered Plc has reported a net profit of $6,7 million for the full-year to December 31, down from $9,6 million reported in prior year on the back of declining interest income and rising operating expenses. (more…)

ZB Financial Holdings says that clean up measures implemented in the last financial year, which included massive write offs amounting to $21 mln, are already having an impact in the first quarter of this year. (more…)

AT least 25 members of the ZIFA Assembly this week endorsed a proposal to convene an Extraordinary General Meeting (EGM), where the beleaguered ZIFA president, Cuthbert Dube, is expected to be kicked out of the game’s leadership over bad administration, the Financial Gazette Sport can reveal. (more…)

MORE than three weeks after the striking Mbada Diamond workers camped at the company’s upmarket Borrowdale headquarters demanding to be paid their dues, management is yet to address them let alone cough out a penny. (more…)

ZIMBABWE’S beleaguered businesses have suffered from an unrelenting wave of forced sales, which have prevented them from realising true value from their assets to help extricate them from debts. (more…)

ZIMRE Property Investments (ZPI) says it will dispose some of its buildings in the CBD as the company restructures its portfolios to focus more on the lucrative office parks and new property development projects. (more…)

ECONET Wireless' EcoCash on Tuesday launched EcoShopper, a service that will allow users to buy groceries directly from their EcoCash wallet, in a development that is Zimbabwe’s first real drive towards m-Commerce. (more…)

THE country’s largest mortgage lender, Central African Building Society (CABS), recorded a 32 percent increase in total comprehensive income to $22,6 million income for the year ended December 31 2014, driven by a 41 percent growth in deposits. (more…)

GOVERNMENT-owned Mbada Diamonds has started small-scale mining of conglomerate and kimberlitic diamonds as alluvial stones continue to dwindle, mines minister Walter Chidhakwa has said. (more…)