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Oliver Kazunga Senior Business Reporter THE People’s Own Savings Bank (POSB) is back in the black after posting a $1,25 million profit in the year ended December 31, 2014, recovering from a loss of $209,000 in the prior year.
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Molline Gagare Business Reporter REGIONAL banking group ABC Holdings’ BancABC Zimbabwe subsidiary has availed $5 million for on-lending to small to medium enterprises (SMEs) and co-operatives for financing their medium to long term projects.
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EARTHWORKS at multicommodity natural resource group Premier African Minerals’ flagship RHA tungsten project in Zimbabwe are progressing ahead of schedule, and are 21 percent complete compared with planned completion of eight percent.
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– Five local companies subcontracted Prosper Ndlovu Business Editor MORE than 500 people have been employed by five local companies subcontracted in the on-going Kariba South hydro power plant expansion project, four months after commencement.
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Oliver Kazunga Senior Business Reporter FBC Holdings’ profit for the year ended December 31 2014, went down to $4,8 million after a book loss of $9 million following the weaning of building materials producer, Turnall, last year.
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Oliver Kazunga Senior Business Reporter THE demutualisation of the Zimbabwe Stock Exchange (ZSE) is a giant step towards improving the performance of the bourse and its capitalisation, economic analysts have said.
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Charity Ruzvidzo Business Reporter SMALL to Medium Enterprises (SMEs) and Co-operative Development Minister, Sithembiso Nyoni says the 56th edition of Zimbabwe International Trade Fair (ZITF) 2015 is an opportunity for the growing SMEs sector to shine.
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Business Reporter TOBACCO deliveries at various contractors’ purchasing points have significantly improved while auction floor deliveries continue to be depressed, according to the Tobacco Industry and Marketing Board (TIMB).
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THE increasing number of residential properties being built countrywide has helped keep many players in the construction industry afloat in the face of lack of big projects, an official has said.
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REPRESENTATIVES of African Union (AU) member states, parliamentarians, African farmers’ organisations and development partners met in Johannesburg, South Africa, recently to discuss implementation of the 2014 declaration to advance agricultural growth on the
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Davis Sibanda Labour Matters MANY pregnant women have suffered abuse by their employers once it is discovered, or they disclose they’re pregnant and in most cases the abuse goes unreported.
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Tapuwa Mashangwa IN the words of Socrates “True knowledge exists in knowing that you know nothing”. The Zimbabwean economy is mainly split into sectors that include agriculture, mining, tourism, energy, information technology (ICTs)
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Harare Bureau THE government has directed all line ministries, public institutions and parastatals to procure at least 80 percent of their vehicles from local industry.
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Harare Bureau THE National Railways of Zimbabwe’s target to move five million tonnes this year is likely going to be affected by inconsistent production and supply of coal from the domestic coal mining industry.
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