Steward Bank’s half year profit jumps threefold
TweetShareSharePin0 SharesBy ETimes Steward Bank’ half year inflation adjusted profit jumped threefold and the bank expects its activities to be driven by digital transformation. In 2021, the bank invested in…
Afdis half year volumes up 11%, flags uncertainty
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis in the half year ended 30 September 2022 rose 11% in the comparative period despite a challenging operating environment.…
CBZ Bank becomes the fourth firm to launch Trustee Services
TweetShareSharePin0 Shares…SECZIM talks of Capital Market Development Plan By ETimes CBZ Bank has become the fourth player in the country to set up a custodial trustee service that will offer…
FBC Building Society eyes mining town Hwange for new housing scheme
TweetShareSharePin0 SharesBy ETimes FBC Building Society, a unit of financial services group FBC Holdings, says it is going to construct housing units in Hwange next year that fulfil the needs…
Lafarge Cement Zimbabwe publishes delayed results but volume sales falls
TweetShareSharePin0 SharesBy ETimes Lafarge Cement Zimbabwe met its set deadline of publishing half year results before the end of October 2022 after being delayed on account of new external auditors’…
Delay in settling road contractors remains a bottleneck says Zimplow
TweetShareSharePin0 SharesBy ETimes Zimplow continues to rely on its diversified structure to deliver encouraging and solid performances despite the difficulties in the operating environment. The group has exposure to the…
Of limited real lending and soundness of the banking sector
TweetShareSharePin0 SharesBy ETimes Eighteen out of 19 banking institutions reported profits in the first half of 2022, says the Reserve Bank of Zimbabwe (RBZ), with an aggregate profit of $181.25…
Imara says more companies are likely to change their functional currency to USD
TweetShareSharePin0 SharesBy ETimes A number of Zimbabwean companies are likely to switch to the greenback as the functional currency as the majority of their revenues are now in US dollars,…
Edgars believes further FX trading relaxation will raise USD generation to fund imports
TweetShareSharePin0 SharesBy ETimes Edgars says trading in foreign currency has allowed its retail chains to boost their stock selections, which has improved customer traffic. Given the Zimbabwean dollar’s volatility, there…
Fastjet says no guarantee of continued future access to legacy loan facility
TweetShareSharePin0 SharesBy ETimes The Reserve Bank of Zimbabwe (RBZ) has permitted Fastjet Zimbabwe to draw funds from the legacy loan in local currency in the interim to pay off its…