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Investor let us down, says AfrAsia

HARARE – AfrAsia Bank Limited (ABL) says its Zimbabwean banking unit, AfrAsia Bank Zimbabwe Limited (ABZL), collapsed after negotiations with an international…

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NMB snaps up 40pc ZHL stake

HARARE – NMB Bank Limited (NMB) has acquired a 40,16 percent stake in Zimre Holdings Limited (ZHL) after taking up nearly 82…

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Brainworks’ Telecel deal reinstated

HARARE – Empowerment Corporation (Private) Limited (EC)’s shareholders have unanimously agreed to restore Brainworks Capital Management (BCM)’s bid for their 40 percent…

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Demonetisation clarified

HARARE – The Reserve Bank of Zimbabwe’s $20 million demonetisation programme is aimed at “liquidating all Zimbabwe dollar balances” as at December…

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