Shame Makoshori
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Rampaging inflation hits Old Mutual . . . giant slips to $9 billion loss after tax
Old Mutual chairperson Kumbirayi Katsande showed that the ramifications of steep inflation had already exerted weight on one of Zimbabwe’s biggest financial services firms
By Shame Makoshori
Aug. 30, 2022
Banker demands $21m from land developer
Alpha has been undertaking some of the country’s key housing developing projects in urban centres, including Harare, Bulawayo and Beitbridge.
By Shame Makoshori
Sep. 1, 2022
Stanbic profits surge on back of forex loans
Gregory Sebborn, the Stanbic chairperson, said the bank shrugged off headwinds including a relentless inflation and steeper surges in interest rates
By Shame Makoshori
Sep. 4, 2022
Strong prospects for resurgence run into the sand
The bulk of handicaps confronting Zimbabwe’s economy are internal, according to a report by advisory firm Morgan&Co.
By Shame Makoshori
Sep. 7, 2022
'Govt dipping fingers everywhere'
Government has been dipping its fingers everywhere through policy shifts.
By Shame Makoshori
Sep. 8, 2022
Zimbabwe crisis a boon for neighbours
The Morgan&Co said the bulk of handicaps confronting Zimbabwe’s economy were internal.
By Shame Makoshori
Sep. 11, 2022
Comesa panics over Tiger Brands toxic products
Tiger Brands’ products maintains a huge presence on the domestic market.
By Shame Makoshori
Sep. 13, 2022
Roads closed for Mbudzi Intercharge
The Mbudzi Interchange is the highlight of government’s infrastructure revamp under the National Roads Rehabilitation Programme.
By Shame Makoshori
Sep. 14, 2022
PPC bullish after Zim forex bonanza
The cement manufacturer said there was a robust surge in US dollar inflows during the period, which was bolstered by price hikes.
By Shame Makoshori
Sep. 15, 2022
Top guns sign off with $2,4 billion windfall..Dairibord, POSB shareholders pampered
Mandiwanza exits the operation this month after helping it expand from a milk-only outfit to a broader beverages giant previously under state control.
By Shame Makoshori
Sep. 16, 2022
RioZim burns $13 billion
The results, published yesterday, confirmed fears of a drastic deterioration of operations at RioZim which saw a trade union file a plea with multiple regulators.
By Shame Makoshori and Rugare Mubika
Oct. 4, 2022
RioZim blames RBZ for operational woes
This figure was ZW$1,4 billion (about US$2 million) during the comparable period in 2021.
By Shame Makoshori and Rugare Mubika
Oct. 7, 2022
Shareholders pump $19bn into troubled RioZim
Dalny Mine slipped into care and maintenance and its shafts were subsequently flooded.
By Shame Makoshori
Oct. 10, 2022
Dangers lurk in Zim’s appetite for US$, Euro debts
Zimbabwe’s total debt was estimated at about US$17,2 billion at the end of last year,
By Shame Makoshori
Oct. 18, 2022
Cash crunch bites banks
The BAZ president said at the onset of the grinding liquidity crisis in 2016, banks had under their stewardship a combined 1,5 million accounts.
By Shame Makoshori
Oct. 21, 2022
Banks open 4,4 million accounts to tackle cash crunch
The BAZ president said at the onset of the grinding liquidity crisis in 2016, banks had under their stewardship a combined 1,5 million accounts.
By Shame Makoshori
Oct. 21, 2022
Mauritius Finance tips planned Vic Falls financial centre to drive Zim FDI
"I am excited by plans to establish the Victoria Falls Offshore Financial Services Centre," Bussawah said.
By Shame Makoshori
Oct. 22, 2022
Nedbank Zim heads for VFEX
Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.
By Shame Makoshori
Oct. 24, 2022
Toxic debt terrifies authorities..…Zim ratios below global benchmarks, penalties mount
The Zimbabwe Public Debt Management Office said while the country’s ratios fell within internal benchmarks, they were way below key international benchmarks.
By Shame Makoshori
Oct. 25, 2022
Simbisa unveils broad VFEX listing roadmap
VFEX, which trades exclusively in US dollars, was well-placed to help Simbisa execute its African forays, while improving the liquidity of its stocks.
By Shame Makoshori
Oct. 26, 2022
IPP policy revamped
This precipitated a backlash from the IPP, which raised contractual violation claims.
By Shame Makoshori
Oct. 28, 2022
BNC stumbles on tougher ore, sounds alarm on profits
BNC, which trades its stock on the Victoria Falls Stock Exchange, projected in filings with the bourse that profits for the half year ended September 30, 2022 would plummet by 193%.
By Shame Makoshori
Nov. 13, 2022
Mop up drains $9bn out of market…but high policy rate may stifle lending, cautions FCB
In its report, FCB said $9 billion was drained out of the market.
By Shame Makoshori
Nov. 14, 2022
Padenga halts croc meat exports as EU tightens screws
EU markets maintain a tight regime of regulations such as prescribing requirements for the preparation of crocodiles, their bodies, meat, organs and other parts.
By Shame Makoshori
Nov. 15, 2022
EcoCash swings back into profitability
EcoCash lifted inflation-adjusted pre-tax profit to $911,1 million in the six months, rising from a $106,2 million loss during the comparable period.
By Shame Makoshori
Nov. 16, 2022
14,3m throng Simbisa outlets post COVID-19 lockdowns
The 14,3 million represented a 36,2% rise in traffic from 10,5 million during the comparable period in 2021, according to chief executive officer, Basil Dionisio.
By Shame Makoshori
Nov. 17, 2022
Ncube fixates on inflation fight..… as fiscal pain gets worse for majority
The annual inflation rate was estimated at 268% last month.
By Shame Makoshori
Nov. 25, 2022
Power plant shutdown imperils growth targets… experts see headwinds in ZRA’s radical Lake Kariba action
Before the 2018 bold revamp, Kariba had a 750MW installed capacity.
By Shame Makoshori
Dec. 2, 2022
Treasury chief sees FDI spinoffs in new IFRS move
Ncube said adopting the standard early would also bring opportunities for capacity building to accountants and auditors in Zimbabwe from ISSB.
By Shame Makoshori
Dec. 2, 2022
Droughts, floods hamper NDS1
The government rolled out Vision 2030 in 2018, undertaking to transform Zimbabwe into an upper middle-income economy within 12 years.
By Shame Makoshori
Dec. 4, 2022
