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CBZ after-tax profit up 7pct, debt write-off surges
The group had closed the year with $42.5 million cash in the bank, down from $73 million in 2014.ZIMBABWE’S largest financial group, CBZ Holdings, on Wednesday reported a 7 percent increase in...
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Ariston shareholder to convert US$5 million debt to equity
Ariston chief executive officer Paul SpearARISTON shareholders on Friday approved management`s plan to increase the authorised share capital from 1,6 billion to 2,0 billion, as the company seeks to...
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Barclays set to pull out of Zimbabwe as British bank plans Afrexit
The Zimbabwean and Egyptian banks are now most likely to be sold as part of the new strategy.BARCLYS Bank Plc is set to pull out of Zimbabwe as part of an Africa-wide exit to focus on its core British...
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Mash Holdings experiences seven percent decline in revenue
Since 30 September 2015, voids remained largely stable at 26 732 square metres, representing 25% of the lettable portfolio.Mashonaland Holdings rentals continue to be under pressure from the subdued...
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Emergency need for grain
Famine Early Warning Systems Network (Fewsnet) says Zimbabwe’s area cropped for the 2015 and 2016 season is expected to be below average due to dry conditions.THE 2015/2016 maize crop condition in...
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Oscars 2016: Leonardo DiCaprio Wins Best Actor
Leonardo DiCaprioLeonardo DiCaprio has won his first Academy Award, claiming best actor for his performance in the survival epic The Revenant.The 41-year-old had previously been nominated five times...
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Jordi Alba insists no one is above anyone else at Barcelona
“There are individuals that make a difference, but we’re a team.”Barcelona full-back Jordi Alba feels all players at the club are equal, seemingly taking a dig at Real Madrid’s Cristiano Ronaldo.The...
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Michael Carrick: Marcus Rashford can handle limelight at Manchester United
Marcus RashfordMichael Carrick is confident Marcus Rashford can handle the limelight following the teenager’s double brace for Manchester United.Rashford netted twice in United’s 5-1 rout of...
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Stan Wawrinka claims Dubai Tennis Championship crown
Wawrinka has now won all six matches against the CypriotWorld number four Stan Wawrinka overcame the spirited challenge of Marcos Baghdatis to win the Dubai Tennis Championship.The Swiss triumphed 6-4...
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Oscars Chris Rock Confronts Racism Row
Chris Rock Confronts Racism RowChris Rock confronted Hollywood’s race row head-on while hosting this year’s Academy Awards.The black comedian wasted no time in addressing the controversy which...
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Dating A Married Man: Think Before You Act
The pitfalls of an affair with a married manIf you are dating a married man, you are definitely not alone. Affairs are a reality and have been since the beginning of time. However, just because...
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Art’s restructuring pays off
New equipment to improve the quality of tissue and reduce cost of inputs was installed at the beginning of last year, improving volumes in both local and export markets.ART Holdings’ Zimbabwe...
View ArticleEconet to give payments in Kombis another try with EcoCash ta
By Nigel GambangaAccording to sources close to Econet, the operator is preparing to launch EcoCash ta as a payment alternative in kombis.Articles appeared first on Techzim;Econet to give payments in...
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Moonlight CEO’s case dropped
Moonlight Holdings CEO Chomi MakinaTHE case in which Moonlight Holdings chief executive officer Chomi Makina was being sued for a US$28 500 debt he allegedly failed to settle with a local car dealer...
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Market for avocado in the EU soars
Zimbabwe’s exports of avocado have increased by 400 percent from US$177 000 in 2012 to US$710 000 in 2014, driven mainly by large scale avocado producers from plantations in the Manicaland Province....
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Zimbabwean companies to participate in the Agritech Expo in Zambia
ZimTrade CEO Sithembile PilimeZIMTRADE will lead the participation of ten Zimbabwean Companies in the Agritech Expo to be held from April 14-16 in Chisamba, Zambia. The Expo, which is a specialised...
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Zimbabwe rated ‘C’ with a negative outlook by Oxford economics company
RBZ Governor John Mangudya talks to Finance Minister Patrick-ChinamasaTHE consumptive nature of the Zimbabwean economy, as opposed to productive, has kept foreign reserves depressed as imports continue...
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Olympic Games: French prosecutors to investigate 2016 and 2020 bids
Lamine Diack became IAAF president in 1999French prosecutors have widened their investigation into corruption in athletics to include the bidding and voting processes for the hosting of the 2016 and...
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Leicester City drop more points against West Brom, Chelsea win again
Leicester City’s Danny Drinkwater celebrates scoring the equalising goalPremier League leaders Leicester City dropped two points on Tuesday night after a 2-2 home draw with West Bromwich Albion.Jose...
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Fernando Alonso: McLaren-Honda driver says he can be world champion
Fernando Alonso won his second World Championship with Renault in 2006Fernando Alonso still believes he can win a third World Championship despite the struggles faced by his McLaren-Honda team.The...
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