Zimbabwe sugar estates to be sold to Tanzania's Kagera Sugar

South Africa's Tongaat Hulett is to sell its sugar estates, including those in Zimbabwe, to Kagera Sugar, one of East Africa's largest sugar producers.This is part of a plan to rescue Tongaat ...

Govt snubs cheaper donor-funded jabs

IN an eyebrow-raising development, the Zimbabwean government, battling the Covid-19 pandemic, has been purchasing expensive Chinese vaccines while overlooking doses supplied at cheaper prices under th...

NMB Bank sources $15 million line of credit facility for exporters

NMB Bank has a $15 million four-year line of credit facility available to exporters, NMB chief executive Ben Washaya told exporters attending a breakfast meeting the bank held for them on Friday last ...

NMBZ records half-year profit before tax of $4,8 million

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an i...

Arise becomes second largest NMBZ shareholder

Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14 ...

NMB Bank receives $15 million line of credit for SMEs

Development financial institutions FMO of the Netherlands and Swedfund of Sweden have agreed to together provide NMB Bank with a $15 million line of credit for lending to small and medium enterpri...

NMBZ records half-year before tax profit of $3,6 million

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $3,558 801 for the half-year ended June 30, 2016, resulting in an attributable profit of $2 640 274. The attributable...

NMBZ welcomes new shareholder partnership

NMBZ shareholders FMO of the Netherlands and Norfund of Norway have joined forces with Rabobank of the Netherlands to pool their investments in financial institutions across Africa. The new company fo...

SA's Royal Bafokeng Nation eyes Trust Bank

TRUST HOLDINGS is on the verge of concluding a placement with a South African firm MOGS to raise $20 million to comply with minimum capital requirements and enhance liquidity in its banking unit. ...

NMBZ shareholders approve placement of shares to offshore investors

NMBZ shareholders, unanimously voted for all the seven resolutions at an EGM held early this morning paving way for injection of new capital by offshore strategic institutional investors.Chair...

NMBZ secures $16 million from offshore, to raise $50 million

NMB has secured $16 million new capital from foreign investors which will help the bank raise more lines of credit for deploying in areas such as mining and agriculture, group CEO James Mushore told a...