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‘Zim ruined by skewed policies’

HARARE – Zimbabwe’s once promising economy has been destroyed by President Robert Mugabe’s controversial policies, a European security think-tank has said. The…

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Zim bad debt nears $1bn

HARARE – The Zimbabwe Asset Management Corporation (Zamco) has started acquiring bad loans secured by mortgage bonds, after assuming non-performing loans (NPLs)…

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Banks profits shocker

HARARE – Zimbabwe’s banks posted a startling 42 percent surge in profits that buttressed economists and investors’ belief that “unacceptable charges” and…

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Atlas Mara CEO resigns

HARARE – Dubai-based financial executive John Vitalo has inexplicably resigned from Atlas Mara, the seven-tier banking group and BancABC Zimbabwe parent, as…

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IDBZ reviews operations

HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) is set to review its commercial banking operations to concentrate more on development…

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