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Kingdom Bank MD resigns

HARARE – Kingdom Bank Limited (KBL)’s managing director Francois Molife has resigned. His resignation is with effect from March 15, 2013. AfrAsia…

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Polls stall credit bureau

HARARE – Plans to set up a credit rating bureau — targeted at reducing information asymmetry between lenders and borrowers — could…

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NicozDiamond enters Mozambique

HARARE – Listed short-term insurer NicozDiamond Insurance Limited (NicozDiamond) plans to establish a Mozambique operation as part of efforts to penetrate regional…

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Royal pays depositors

HARARE – The Deposit Protection Corporation (DPC) says it is currently paying off 97 percent of depositors whose funds were locked up…

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Massive power cuts loom

HARARE – Zimbabwe’s sole electricity supplier Zimbabwe Electricity Supply Authority Holdings (Zesa) will soon impose massive power cuts to meet increased demand…

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Tobacco sales surpass $100m

HARARE – Tobacco sales have reached $111 million six weeks after the opening of the 2013 selling season. According to figures from…

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Dairibord sticks it out in Malawi

HARARE – Listed milk processor Dairibord Holdings Limited (Dairibord) says it is retaining its Malawi-based business for strategic reasons, despite the unit…

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