Monday, December 17, 2018
Tawanda Musarurwa HARARE – The local financial services sector boosted profitability in the nine months to September 30, 2018 posting an aggregate net profit of $283,98 million, latest Reserve Bank of Zimbabwe (RBZ) figures show. This was a 76, 68 percent increase from a net profit of $160, 73 million for...
HARARE - Cabinet on Tuesday announced a  wheat producer price of $630 per tonne, up from $500 last season, a move  aimed at encouraging more production of the crop, Information, Media and  Broadcasting Services Minister Monica Mutsvangwa has said. Addressing the post Cabinet media briefing, Mutsvangwa said the  approved wheat...
HARARE - Zimbabwe needs to diversify  and modernise its economy to derive maximum benefit for the majority  of the country’s population which is currently within the working-age  range, a study has revealed. According to the report, titled, Harnessing the Demographic Dividend  in Zimbabwe launched Tuesday, 55 percent of the country's...
HARARE – The Securities and Exchange Commission of Zimbabwe (SECZ) is in the process of amending laws  governing the sector to fine tune them to be in line with global best  practice to enable the country to join the acclaimed International  Organisation of Securities Commissions (IOSCO), an official said...
BH24 Reporter HARARE - Chegutu-based gold producer Pickstone-Peerless Mine posted a set of positive third quarter results as tonnes mined and milled at the gold producer beat the record achieved in the last three-month period. The Vast Resources-owned gold mine delivered a 3 percent increase in tonnes of ore mined to...
Enacy Mapakame HARARE - Funeral assurance industry grew 15 percent in the last 12 months to June 2018. Between June 2017 and June 2018, gross premium written amounted to $93,58 million from $81,19 million in the prior year comparable. Of this figure, life offices contributed $20,97 million which represented a growth...
Emmah Chinyamutyangira MANICALAND – The Association of Mine Managers of Zimbabwe (AMMZ) says it is working on establishing new regulations that give adequate guidance to mining operations and management of mining resources in the country in line with international best practices. Speaking at an annual general meeting in Mutare last week,...
BH24 Reporter HARARE - Muzinda Hub has partnered with global children’s charity Theirworld (a Code Club initiative) to provide wider access to basic technology and coding courses to 120 young girls aged 10 and 20 years of age in Harare, Zimbabwe.   The project will teach and train girls in computer literacy,...
Michael Tome HARARE – Davipel Holdings managing director Davison Norupiri was awarded the 21st edition Southern Africa Ernst and Young entrepreneur of the year award yesterday. The former Zimbabwe National Chamber of Commerce president emerged victorious in the exceptional category to walk away with the coveted prize after completing rigorous interviews and...
Enacy Mapakame HARARE - Property firm, Mashonaland Holdings Limited performance for the full year to September 30, 2018 remained flat with revenue of $$4,74 percent, representing 1 percent increase from prior year. Operating profit was stagnant at $2,4 million with margins falling to 48 percent from 50 percent. Profit for the year...