ZSE inches higher but ATS challenges delay trading

00ZSE inches higher but ATS challenges delay trading  HARARE – The stock market opened late afternoon on Tuesday due to a technical challenge with the Automated Trading System. Trading only opened way after lunch but inspite the delays, the Industrials Index continued to inch higher. At the close of trades, the mainstream Index added 0.81…

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…

ZSE bull run continues albeit in subdued trades

00ZSE bull run continues albeit in subdued trades HARARE- The Zimbabwe Stock Exchange opened the week higher albeit marginally as investors continue to scrap for the few shares available on the market. Big caps Old Mutual and Econet continued on their bull run adding 0.75c and 0.05c respectively.  The Insurance heavyweight traded at 377c with…

Credit Registry loads 85% of total loans since January

00Credit Registry loads 85% of total loans since January HARARE – The Reserve Bank of Zimbabwe (RBZ)’s Credit Registry system which became operational in January 2017 has to date loaded 84.75 % of total loans extended by the banking sector in its data base. According to a press statement on the update of ease of…

Mazimbe to retire from Astra Industries, to be succeeded by Nhende

00Mazimbe to retire from Astra Industries, to be succeeded by Nhende HARARE – Astra Industries managing director Mackenzie Mazimbe is set to retire from the group at the end of this month, after serving in that capacity since 2004. He will be succeeded by Herritage Nhende, who is currently the financial director, effective June 1….

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…

AfDB projects 1.3% growth rate for Zimbabwe for 2017

00AfDB projects 1.3% growth rate for Zimbabwe for 2017 HARARE -Zimbabwe’s gross domestic product (GDP) growth is projected to increase by 1.3% in 2017, supported by improvements in the agriculture, tourism, manufacturing, construction and financial sectors, according to the 2017 African Economic Outlook released by the African Development Bank (AfDB).  The projected growth rate is…

Divided local contractors set to lose out on Beitbride-Chirundu Highway

00Divided local contractors set to lose out on Beitbride-Chirundu Highway HARARE- Sharp divisions have rocked the construction industry ahead of the much anticipated Beitbridge -Harare-Chirundu highway project as local contractors are reportedly failing to agree on forming a consortium, Finx can report. Although President Robert Mugabe last week implored local contractors to merge, a battle…

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