Adelaide Moyo, Business Reporter, Author at The Financial Gazette

Masimba’s balance sheet improves

MASIMBA Holdings (Masimba)'s value preservation strategy and improved profitability saw its financial position strengthening to $4,6 billion by the end of 2020 from $2,1 billion at the end of 2019. (more…)

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April 22, 2021

Top Stories

Old car import ban revs up local industry

THE recent government ban on importation of second hand vehicles that are aged 10 years and above from their date of manufacture, has given the near comatose local car industry some wings. (more…)…

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April 22, 2021

National Report

NMBZ seeks LSE delisting

NMBZ Holdings Limited is seeking shareholder approval to delist from the London Stock Exchange (LSE), because trade volumes of its stock on the bourse remain depressed. (more…)

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April 15, 2021

Companies & Markets

Covid-19 stalls RioZim plant construction

RIOZIM says the Covid-19 pandemic has stalled progress on its construction of an advanced gold-ore processing plant, which holds the future of its flagship operation — Cam & Motor mine. (more…)

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April 15, 2021

National Report

Getbucks narrows its borrowings to $100m

GETBUCKS Microfinance Bank (Getbucks') borrowings decreased to $100 million during the year ended December 31, 2020 from $210 million due to the effects of inflation, despite the bank raising additional funding. (more…)

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April 15, 2021

Top Stories

‘ZCDC gems to be value-added locally’

MINES minister Winston Chitando says Aurex Holdings (Aurex) will this year start processing gems mined by the Zimbabwe Consolidated Diamond Company (ZCDC). (more…)

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April 15, 2021

Top Stories

Zim government targets 2,5 million tourism arrivals

THE government says it is targeting 2,5 million tourist arrivals by 2025 from 0,7 million as the sector recovers from the devastating impact of the Covid-19 pandemic. (more…)

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April 15, 2021

Top Stories

UK miner bullish on Hwange project

CONTANGO Holdings (Contango) says it plans to start production of coke batteries at its Lubu coalfield in Hwange before the end of this month. (more…)

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April 11, 2021

National Report

IMF lowers Zimbabwe’s GDP growth

THE International Monetary Fund (IMF) says Zimbabwe’s economy will grow by 3,1 percent this year after a contraction of eight percent in 2020. (more…)

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April 8, 2021

News

Agribank in bid to raise $100 million

THE Agricultural Bank of Zimbabwe (Agribank) says it is seeking prescribed asset status for a new batch of agro-bills worth $100 million, as it continues to expand its financial support to the agricultural sector.…

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April 8, 2021

Friday, 23 April 2021

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