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Zimplow units in improved sales growth in 4 months to April

00Zimplow units in improved sales growth in 4 months to April  HARARE –Firm producer prices for maize, cotton and wheat announced by Government have positively affected Zimplow Holdings as this has improved disposable income among smallholder farmers and commercial farmers. Group CE Mark Hulett told the AGM that turnover for the year to April was…

NMBZ to pursue growth strategy

00NMBZ to pursue growth strategy HARARE- NMBZ CE, Benefit Washaya told the company’s Annual General Meeting this morning that, operating income plunged 8% at US$12,6 million during the first quarter of 2017 largely due to constrained lending on the back of growing liquidity challenges. However when compared to month on month performance, the April 2017…

DZL banks on new business model to spur growth

00DZL banks on new business model to spur growth HARARE – Dairibord Zimbabwe’s ongoing transformation anchored on a new business model has begun to show positive returns with overall outturn for H1 2017 expected to be better than the prior comparable period. Giving a trading update for the four months to April 2017 at the…

Standard Bank extends $120mln for ZPC power stations

00Standard Bank extends $120mln for ZPC power stations HARARE – Regional finance institution, the Standard Bank in partnership with the Eastern and Southern African Trade and Development Bank (PTA Bank) has availed a $120 million debt package to the Zimbabwe Power Company (ZPC) for the rehabilitation of existing power infrastructure at Kariba South Hydro Power Station…

ZB shareholders vote against Vingirai in heated AGM

00ZB shareholders vote against Vingirai in heated AGM HARARE –In a drama packed annual general meeting, ZB  Financial Holdings shareholders voted against the claim by Transnational Holdings Limited of 6.21% shares of the company as well as a dividend claim of $658 699. Shareholders also voted against the appointment of THL representatives as directors. Both…

ZPI to focus on demand driven business

00ZPI to focus on demand driven business HARARE, Zimre Property Investments (ZPI) has secured land in Victoria Falls and already paid $1.8 mln as part of the company’s new thrust to build residential properties on demand. When Zimbabwe switched to the multi currency system, there was a boom in the property sector which resulted in…

Zimre trims regional investments

00Zimre trims regional investments HARARE- Zimre Holdings told analysts yesterday that it is has come up with a clear corporate parent strategy, as it moves to position itself as a turnaround case with a very strong portfolio of assets. Zimre said it is targeting to create an offshore investment company, which will be based in…

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