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Stanchart profits up 12pc

HARARE – Standard Chartered Plc (Stanchart)’s Zimbabwean unit recorded an $8 million profit after tax in the half year to June 2014,…

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Metbank to raise $100m

HARARE – Metbank Limited (Metbank) Group chairperson Wilson Manase last week said it was seeking to raise $100 million in an effort…

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NMB profit plummets

HARARE – Zimbabwe Stock Exchange-listed NMB Holdings (NMB) profit in the half year to June plummeted by 50 percent from $2,6 million…

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Zimplats commences work on refinery

HARARE – Zimbabwe’s largest platinum producer, Zimplats, has commenced work to refurbish a base metal refinery (BMR) in line with government’s policy…

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FBC Bank receives $60m loan

HARARE – Standard Chartered Zimbabwe (StanChart), Germany-based Commerzbank Aktiengesellschaft and Investec Asset Management Proprietary Limited have concluded a $60 million three-year syndicated…

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RBZ issues $0,5bn bonds, TBs

HARARE – The Reserve Bank of Zimbabwe (RBZ) has issued nearly half a billion dollars’ worth of bonds and Treasury Bills (TBs)…

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ZPC to sell 80MW to business

HARARE – Zimbabwe Power Company (ZPC) is seeking regulatory approval from the Zimbabwe Energy Regulatory Authority (Zera) to sell 80 megawatts (MW)…

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Moza unit weighs down Nicoz

HARARE – Listed short-term insurer NicozDiamond Insurance Limited (NicozDiamond)’s Mozambique unit weighed down the company’s profits in the half year to June….

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