Electricity shortages hit construction industry hard
By Staff Writer PLAYERS in the constitution industry says the ongoing power supply shortages in the country are obstructing the construction industry’s ability to manufacture raw materials for both domestic…
Zim’s platinum output up 6% in first half of year
By ETimes HARARE – Platinum production in Zimbabwe rose 6% to 258 000 ounces in the first six months of 2024 from 242 000 ounces in the comparable period last…
Nedbank Defies Economic Headwinds with 8% Increase in Headline Earnings
By ETimes HARARE – Nedbank faced multiple external pressures, including high interest rates, inflation, and political uncertainty leading up to the national elections in South Africa, according to its unaudited…
Tigere REIT maintains 100% occupancy
…sees revenue growth opportunities By ETimes HARARE – Tigere Real Estate Investment Trust (REIT) has announced an interim dividend of USD 247,090, equivalent to 0.03435 United States cents per unit,…
Gift Simwaka Appointed as Managing Director of CBZ Bank
By ETimes HARARE – CBZ Bank has announced the appointment of Gift Simwaka as its new Managing Director, effective September 1, 2024. Simwaka brings to the role over 26 years…
Zimbabwe Sees 9.5% Increase in Forex Receipts
By ETimes HARARE – Zimbabwe’s foreign currency receipts have increased by 9.5% to US$6.15 billion in the first half of 2024 from US$5.61 billion in the comparable period last year,…
OK Zim shares slip despite volume growth in Q1 FY2025
By ETimes HARARE – Shares in OK Zimbabwe have fallen despite the retail giant reporting comfortable volume growth in the first quarter ending June 30, 2024, amid a challenging operating…
Local Entrepreneur Launches Innovative Events Platform
By Staff Writer HARARE – Shama Nyamadzavo, a visionary entrepreneur, has unveiled Shamatheprotocol, a groundbreaking brand set to revolutionize the corporate events management landscape. Nyamadzavo asserts that her platform offers…
TDB Extends US$20m Line of Credit to CBZ Bank
By ETimes HARARE – CBZ Bank has secured a US$20 million line of credit from the Trade and Development Bank Group (TDB Group) to support Zimbabwe’s productive sectors and boost…
Time Bank Pins Hopes on Blocked Funds Resolution
By ETimes HARARE – Time Bank of Zimbabwe expects its appeal for the Government to assume blocked funds to be confirmed by the end of the year, which is essential…