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Business
Delta Corp Weathers Pandemic with Steady Revenues
Despite enduring massive disruptions to its supply chain during the COVID-19 restrictions effected during the just ended financial year to March 2021, Delta Corporation Limited managed to post earnings before interest and tax of ZWL$ 10.7…
Artisanal Miners Bemoan Empower Bank Stringent Loan Terms
MUTARE- State-owned micro-banking unit, Empower Bank’s mining fund is inaccessible to most artisanal miners due to prohibitive loan requirements, it has emerged.
The bank was launched in 2018 to effectively support youth economic…
Mash Holdings’ Bluff Hill Housing Project Set For Official Launch
ZSE-listed property investment firm, Mashonaland Holdings Limited’s Bluff Hill housing project is set to be officially launched this Friday following the completion of a model show house that preludes the construction of 24 other units in…
Zim Govt On A Drive To Expand Air Access To Victoria Falls
The government has partnered the International Finance Corporation (IFC) to finance efforts to increase air access to Victoria Falls, one of Africa’s premier tourist destinations and support recovery and jobs in Zimbabwe’s tourism sector.…
2021 Mid-Term Budget Expectations
Zimbabwe’s mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months.
By Victor Bhoroma
The country is undergoing a period of relative macroeconomic…
OK Zim Profits Take A Massive Hit
Retail giant-OK Zimbabwe profit after tax for the year ended March 2021 dropped by 46 percent to ZWL 1.1 billion from ZWL 2.0 billion in prior year as high operational costs coupled with weaker trading during lockdown weighed heavily on…
Edgars Plunges Into ZWL$ 177 Million Loss
Listed-clothing retail giant, Edgars Stores Limited says it lost 1 million units in sales compared to prior year levels as a result of the COVID-19 pandemic -plunging the company into a ZWL176.5 million loss for the year ended 10 January…
First Mutual Properties First Quarter Revenue Up
Property investment and developer, First Mutual Properties Limited revenue for the first quarter to March 2021 grew 411 percent compared to the same period in the prior year to reach ZWL$ 90,172 million, driven by rent reviews, higher…
CBZ Fetes Shareholders With ZWL$ 1.5 Billion Dividend Windfall
The CBZ Holdings (CBZH) board will pay a final dividend of ZWL 287.37 cents per share to its shareholders, amounting to ZWL$ 1.5 billion for the year December 2020.
A separate dividend announcement with entitlement dates will be…
Industry Wants S.I 127 Suspended
The latest legal instrument -Statutory Instrument (S.I) 127 of 2021 meant to address exchange rate distortions by penalizing businesses not consistent with the ruling rate on the foreign currency auction market will create American dollar…
