AFRICAN Century says its revenue continues to be anchored by activities other than lending, more so during the half-year to June 2022, which saw its interest income coming down on account of high rates. The bank said its total and operating income increased by nearly 400 percent during the period under review to close at…
FIRST Mutual Holdings (FML) says it will intensify efforts to diversify its portfolio after recent market developments that have seen many investors losing significant amounts on the Zimbabwe Stock Exchange. This comes as the country’s main bourse seems to have lost its standing as a hedge against the high inflation in the southern African economy.…
AGRICULTURE minister Anxious Masuka says marketing of grain during the 2022/23 season will be geared towards the revised strategic grain reserve target of 1,5 million metric tonnes. This comes after the government last year increased the strategic reserves from 500 000 metric tonnes to 1,5 million metric tonnes, after a bumper harvest following a high…
FIRST Mutual Properties (FMP) says it is eyeing new growth opportunities in the construction of owner occupied office park style buildings and cluster houses among other growing property development trends in the country. This comes amid challenges in the property sector such as low space absorption in the central business district and inflationary and exchange…
Apple chief executive Tim Cook says there are still “not enough women at the table” at the world’s tech firms – including his own. In an exclusive interview with the BBC, Mr Cook said technology “will not achieve nearly what it could achieve” without a more diverse workforce. He said there were “no good excuses”…
NMB Holdings is focusing on value preservation as it develops appropriate financing instruments for clients in response to current market dynamics. In a statement accompanying the financial services group’s half year results for the period ended June 30, 2022, chief executive Gerald Gore said NMB had positioned itself to support its customers given the changes…
TSL Limited (TSL) says new business innovations like the rail initiative and the new tobacco paper line significantly raised revenue margins for the third quarter ended July 31, 2022. The diversified agro business firm commissioned a new tobacco paper manufacturing line in December 2021 and saw the introduction of a reliable rail service between Harare…
IN various investment transactions, parties often decide to use companies created for the specific purpose of facilitating implementation of the agreed terms. These companies are referred to as special purpose vehicles (SPVs). They offer dexterity to the parties and come with numerous advantages, for instance, they can be used in financing and off-balance sheet transactions.…
ZIMBABWE’S market research fraternity has come together to form an association, which is set to be launched next month. To learn more about the plans, Our Deputy News Editor, Omega…
THE Zimbabwe Stock Exchange (ZSE) last week dipped below its lowest level this year as the market’s losses persisted. The benchmark All Share Index saw its first year-to-date loss since 2022 on Thursday when it closed at 10 727,53 points, down from its January opening level of 10 997,06 points. The market’s losing streak stretched…
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