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Chinese bank grants Zim $218m

HARARE – China Exim Bank has granted Zimbabwe a $218 million loan to finance installation of a national mobile broadband network ecosystem,…

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Dairibord in plant closure

HARARE – Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and…

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ASL approves Dawn stake disposal

HARARE – African Sun Limited (ASL)’s shareholders have approved the disposal of the hotelier’s 16,54 percent stake in listed property firm, Dawn…

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Mwana regains BNC assets

HARARE – Mwana Africa Plc (Mwana) is set to regain $47,3 million it had written off on Bindura Nickel Corporation (BNC)’s non-current…

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Unbanked money on rise

HARARE – The Bankers Association of Zimbabwe (Baz) has commissioned a study to ascertain the amount of cash circulating outside the formal…

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ZSE, Infotech sign contract

HARARE – The Zimbabwe Stock Exchange (ZSE) yesterday awarded a contract to supply and install the bourse’s automation system to Infotech Middle…

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FBCH in $10m PTA deal

HARARE – FBC Holdings (FBCH) is finalising a $10 million import facility with PTA Bank (PTA), its chief executive John Mushayavanhu said….

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