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French investors swoop on MicroKing

HARARE – French firms Microcred Group (Microcred) and AfricInvest Finance Sector Fund (AfricInvest) have acquired local micro-lending company, MicroKing Finance (MicroKing). Market…

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Zamco assumes $14m Metbank debt

HARARE – The Zimbabwe Asset Management Company (Zamco) has assumed about $14 million of Metbank’s debts to regional lenders, as the bank…

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Property sector feels pinch

HARARE – Local property firms say the country’s tough economic conditions are affecting occupancies, knocking rentals, driving voids and in some cases…

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Act now on reforms — IMF

HARARE – The International Monetary Fund (IMF) says Zimbabwe needs to act now if it is to reverse the deepening economic difficulties….

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Pearl yet to secure funds

HARARE – Listed property developer Pearl Properties (Pearl) says it is yet to secure about $35 million from offshore funders for the…

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ZB returns to profitability

HARARE – Zimbabwe Stock Exchange-listed financial services group, ZB Financial Holdings (ZB), yesterday said it recorded a 191 percent increase in profits…

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First Mutual banks on Zim debt plans

HARARE – Financial services group First Mutual Holdings (First Mutual) says it is banking on Zimbabwe’s re-engagement discussions with multilateral lenders to…

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