Steward Bank’s half year profit jumps threefold
By 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 a…
Afdis half year volumes up 11%, flags uncertainty
By 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. One…
Where Did The Money Go? The Plight of Zimbabwean Pensioners
By Newton Mambande On paper, Zimbabwe has an excellent social security policy, but in reality, poverty is grinding old people over 65 years of age. In fact, those between the…
ANALYSIS|Innscor Targets US$56mn in Investments for FY23 as Profits Hit ZWL$53.7bln
By Yona Banda Financial Performance Highlights Listed food manufacturing group Innscor Africa Limited reported a Net Profit After Tax of ZWL$53.7 billion for its financial year ended 30 June 2022,…
Equities end in red for second consecutive day
By ETimes The Zimbabwe Stock Exchange ended Friday’s trading session in the red for the second consecutive day. The mainstream All Share Index closed today’s trading session at 15,115.56 points,…
CBZ Bank becomes the fourth firm to launch Trustee Services
…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 a…
Hwange Safari Lodge undergoes US$4.2 million facelift
By ETimes A major refurbishment programme is under way at Hwange Safari Lodge, one of Zimbabwe’s most well-established resort hotels, situated just outside the world-famous Hwange National Park. African Sun…
FBC Building Society eyes mining town Hwange for new housing scheme
By 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 of…
Weaker Rand sends mixed feelings in the economy
By ETimes South Africa is Zimbabwe’s biggest trading partner and the rand has plunged to an all-time low breaching 18 to the dollar on the back of rising inflation and…
ZSE adds gains on Wednesday as Caledonia increases footprint
By ETimes The bullish run on the Zimbabwe Stock Exchange persisted on Wednesday, with the market indicators increasing further by 0.10%. At close, the ZSE All Share Index, thus, gained…