Stanbic Bank Zimbabwe (Stanbic) says profit after tax grew 210 percent to ZW$744 billion for the year ended December 2023 sustained by increased demand for funding from customers. Stanbic Bank Chief Executive, Solomon Nyanhongo said inflation adjusted net interest income closed the period at ZW$ 429
Struggling coal miner, Hwange Colliery Company Limited (HCCL) says it will temporarily stop its underground mining operations for the next six months to minimize losses from spontaneous combustion of excess coal. Spontaneous combustion refers to a bursting of material into flame from the heat produced within itself
Clothing giant, Edgars Stores Limited has become the latest company to ditch the Zimbabwe dollar (ZWL)-denominated Zimbabwe Stock Exchange (ZSE) and is set for a listing on the Victoria Falls Stock Exchange (VFEX) pending approvals from the regulator. The ZSE has since lost its luster due
Prominent Marondera businessman, Francisco Marconati has accused the Zimbabwe Republic Police's Central Investigation Department (CID) and the National Prosecuting Authority (NPA) of unfair treatment stating that despite providing clear evidence in cases he reported against his former business partner, he has faced repeated arrests on
By Michelle Chifamba, Zimbabwe Zimbabwe’s mineral wealth is a flick of nature; the earth packed with metal ores like gold, lithium, diamond, granite and coal along the vast seams in this part of the Southern African country. Throughout the colonial period, colonizers have exploited and extracted
Emergencies can happen at any time and anywhere. A smart phone application to obtain assistance in a security or medical emergency or in the event of a fire or vehicle breakdown can therefore prove invaluable. Leading security firm Safeguard has designed such a smartphone app for
Gutu, Zimbabwe - March 23 2024 Divine Simbi Ndhlukula, a prominent philanthropist and award-winning businesswoman unveiled a state-of-the-art computer lab and library programme, at Makudo Business Center in rural Gutu which is also home to Ndhlukula. This groundbreaking initiative marks a significant milestone in advancing
In the face of mounting concerns over the impact of drought on cotton production, Cottco, one of country's leading cotton company, remains vigilant and proactive in addressing the challenges posed by erratic weather patterns. In an exclusive interview with 263Chat, Cottco corporate Communications Manager Constance Makoni
Troubled preacher and businessman Walter Magaya is seeking an out-of-court settlement in response to letters of demand from individuals alleging financial losses through investments in Yadah Connect and Planet Africa ventures. The individuals, identified as Percy Makawonesu, Rumbidzai Dukwara, Faith Gwidi and Joseph Chinyengura, are represented
Some families are having one meal per day to save the food so that it sustains them until the next distribution. However, World Food Programme representative and country director, Francesca Erdelmann promised that they will continue to support the most vulnerable community in Zimbabwe during
You cannot copy content of this page