18.9 C
Harare
Friday, January 15, 2021
Profit after tax scaled up 620% to R252mThe Chemicals division net revenue was hard hit by the lockdownsConcerns around hyperinflation and liquidity constraints remain in Zimbabwe HARARE – South Africa-headquartered chemical manufacturing group, Omnia Holdings emerged on top amid the biting global coronavirus...
Reserve money for the week ended 30 October down to ZW$15 billionOMO the main drivers of the decrease along with the Foreign currency auction systemContinued reduction to weigh on inflation Latest statistics from the Reserve Bank of Zimbabwe (RBZ) are showing that reserve...
Stanbic Bank has reclaimed the Best Bank in Zimbabwe title awarded by the European, Middle East and Africa, EMEA Finance at the recently held African Banking Awards 2020. The Standard Bank Group of South Africa subsidiary joined other country member banks under the...
• Amendment of Mines and Minerals Act to be prioritised• Reopening of closed and new mines critical• Sector is projected to grow by 7.7% in 2021 Harare - As the country is working towards a US$12 billion mining industry by 2023, government said...
17 stockbrokers approved for VFEX tradingVFEX commences branding with a new logoTrading set to resume before end of October Harare – The Victoria Falls Stock Exchange (VFEX) has released a list of approved market participants ahead of the bourse’s official opening.
Price stability expected to prevail in the last quarter of 2020Foreign exchange auction improves the availability of foreign exchangeMeasures installed to buttress price and financial system stability The Committee is expecting the price stability to continuously prevails in the economy in the last quarter...
The deal with Access Bank is on course and has already received regulatory approval“Access Bank Mozambique will become the 7th largest bank in the country from 20th”Equity Bank was the first to attempt acquisition of BancABC operations Atlas Mara – listed on the...
Operating income increased by 37%Total assets grew by 30%Loan book grew by 24% Harare - Zambia National Commercial Bank (ZANACO) posted a positive performance for the six months period ended 30 June 2020 amid a tough operating environment. In...
The move follows recapitalization of the institutionDPC to hand over management to board and senior management Harare – Lion Microfinance Limited is set to resume microfinance operations following its removal from curatorship. In a notice issued recently, the Reserve...
Noku assists clients with banking and insurance services on WhatsApp 24/7Noku provides a customer focused experienceNoku allows one to open an FBC Instant Account or Mobile Moola wallet on WhatsApp without visiting a physical branch. Harare - COVID-19 has mandated most businesses to...