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MBCA to rebrand to Nedbank

HARARE – South Africa-based financial group Nedbank plans to rename its local unit MBCA Bank to Nedbank Zimbabwe next year, businessdaily has…

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Korean investor ups ART stake

HARARE – Zimbabwe Stock Exchange (ZSE)-listed Art Corporation (Art) plans a mandatory offer to minority shareowners after Korean shareholder Taesung Chemicals (Taesung)…

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Nicoz acquires 49pc in Malawi insurer

HARARE – Listed short-term insurer NicozDiamond Insurance Limited (Nicoz) has acquired Zimre Holdings Limited (Zimre)’s 49 percent stake in Malawi-based United General…

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Cottco judicial management suspended

HARARE – Agro-focused Cottco Holdings Limited (Cottco)’s application for judicial management has been suspended. The group — saddled by nearly $60 million…

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Fox & Carney in liquidation

HARARE – One of Zimbabwe’s oldest realtors, Fox & Carney (Private) Limited, is under liquidation, with the High Court appointing Winsley Militala…

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