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BancABC clinches $300m financing deal

HARARE – BancABC’s parent company, Atlas Mara, has partnered with the United States (US) government’s development finance institution, the Overseas Private Investment…

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MBCA profit up 43pc

HARARE – MBCA Bank, a unit of South Africa’s Nedbank group, recorded a 42 percent surge in profit to $2,65 million in…

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Zim to establish bond market

HARARE – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the country is ready to establish a bond market. “The bond…

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Zim redeems TBs worth $200m

HARARE – Zimbabwe has so far paid out approximately $200 million towards maturing Treasury Bills (TBs), Finance minister Patrick Chinamasa said. TBs…

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AfrAsia to dispose assets

HARARE – Defunct AfrAsia Zimbabwe Holdings Limited (AZHL) — formerly Kingdom Financial Holdings Limited — is set to dispose assets worth nearly…

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Cottco makes $30m loss

HARARE – Cottco Holdings Limited (Cottco) has registered a $30,2 million loss in the full year to March 31, 2015 from a…

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