Browsing Category
Business
Lafarge CEO Resigns
Lafarge Cement Zimbabwe Limited chief executive officer, Precious Murena has left the company to pursue undisclosed new interests after 18 months at the helm of the organization, the company has announced.
Lafarge issued the statement on…
MPost To Expand To South Africa, Rwanda, Uganda For E-Commerce Business
KENYAN startup Taz Technologies, the firm behind digitised mail service technology application MPost, has announced plans to speed up its expansion into the Sub-Saharan region to tap into opportunities presented by the implementation of the…
Inside The Cotton Value Chain
By Victor Bhoroma
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969.
The white Gold is the second most important cash…
ZSE, TIMB Partner In Tobacco Sector Capital Raise
The Zimbabwe Stock Exchange (ZSE), its subsidiary the Victoria Falls Stock Exchange (VFEX) and the Tobacco Industry and Marketing Board (TIMB) have partnered to come up with various instruments to raise capital for small scale tobacco…
Delta Empowers Women in Disadvantaged Communities
Delta has handed over a ZW$600,000 worth project to Chiedza Child Care Centre aimed at reviving various income-generating projects run by 150 women in the Harare South District. Following the negative effects of COVID-19-induced lock-downs…
Delta Empowers Harare’s Disadvantaged Community
Leading beverages manufacturer, Delta Corporation this week extended a cumulative ZWL$ 1 Million worth of donations to two selected disadvantaged communities in Harare as part of the Group’s social corporate investment.
On Wednesday, under…
First Capital Posts $669 Million Profit On Loan Book Growth
Financial services provider, First Capital Bank posted a ZWL$ 669 million operating profit for the six months to June 2021 from ZWL$ 97 million prior year on account of growth in lending, transactional volumes and fees increases.…
BAT Scraps Interim Dividend As It Opts For Growth
British American Tobacco (BAT) Zimbabwe Limited has opted to hold on to its interim dividend for the six months to 30 June 2021 as it considers reinvesting into operations amid uncertainties in the economy.
This is despite that the…
Increased Transactional Volumes Spur Cassava Revenue Growth
Technology Group-Cassava Smartech revenue for the quarter ended August 31, 2021 grew by over 70 percent compared to the same period the previous year driven by growth in transaction activity, the Group has announced.
The growth in revenue…
FBC Posts ZWL$ 529 Million Half Year Profit
Financial services provider, FBC Holdings Limited posted a ZWL$ 529.14 million profit after tax during the first half of the year on account of strong growth of the Group’s core business (fees and commissions) revenue lines which accounted…
