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Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3211 | by Staff reporter
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 1 | by Staff reporter
Government takes over third-party motor vehicle insurance
THE Government is finalising new regulations to set up a State-controlled third-party motor vehicle insurance scheme that will assume the responsibility of underwriting compulsory vehicle liability in...Published: 31 Mar 2024 at 08:07hrs | 1 | by Staff reporter
How is the world combating rising energy prices?
Every country is approaching higher than typical energy prices we’re all facing right now in different ways. Rather than compare one country with another and create a piece that can be out of date t...Published: 07 Feb 2024 at 12:42hrs | 14 | by Staff Reporter
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 ...Published: 21 Jul 2023 at 18:23hrs | | by Staff reporter
Edd Branson Group Drives African Trade Financing with Swiss Asset Firm Acquisition
Afri-USA Business Initiative, led by Dr. Edd Branson, has made a noteworthy move in the world of trade financing in Africa. The influential president of the organization recently completed the acquisi...Published: 07 Jul 2023 at 14:27hrs | 8 | by Mandla Ndlovu
Mnangagwa's son in-law not in a hurry to get Zimbabwe's FIFA suspension lifted
ZIMBABWE Football Association (ZIFA) and Sports and Recreation Commission (SRC) have indicated that they are in no hurry to get the country's FIFA suspension lifted. Mlotshwa, who was presenti...Published: 18 Nov 2022 at 05:24hrs | | by Staff reporter
10 Insurance technology trends for 2022
Technology and the insurance sector go hand-in-hand. According to a recent survey by Accenture, insura...Published: 06 Oct 2021 at 12:15hrs | 9 | by Staff Reporter
The 10 best states for insurance agents in 2021
The US insurance industry remains robust during the Covid-19 pandemic However, the quantity and quality of employment opportunities in the sector differ considerably from state to sta...Published: 06 Oct 2021 at 11:06hrs | 5 | by Staff Writer
Zanu-PF's corrupt election funding exposed
THE ruling Zanu-PF mortgaged the country's natural resources in lieu of US$100 million in financial support ahead of the country's 2013 general elections, a new report by a local watchdog has shown....Published: 31 Jul 2021 at 17:54hrs | 10 | by Staff reporter
Zanu-PF sets US$140 million budget for Mnangagwa re-election in 2023
Zanu-PF has set a target of raising US$140 million for the 2023 election campaign, just days after a new report accused the party of "mortgaging" the country's minerals to finance its past campaigns....Published: 28 Jul 2021 at 09:15hrs | 1 | by Staff reporter
NMBZ realises $705 million pre-tax profit
NMBZ Holdings realised a profit before taxation of ZWL 705 414 282 last year, in what the group's chairman, Mr Ben Chikwanha, described as a remarkable performance, despite the difficult operating env...Published: 07 Apr 2021 at 10:36hrs | | by Agencies
Zamco debt recovery at 23%
A SPECIAL purpose vehicle set to take up banks' accrued debts, the Zimbabwe Asset Management Company (Zamco), has so far recovered only 23,2% of the $1,13 billion toxic money, the minister of Finance ...Published: 05 Aug 2019 at 07:37hrs | | by Staff reporter
Zimnat and THI bring agricultural innovation to ADMA Agrishow
Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...Published: 11 Jun 2019 at 09:20hrs | 1 | by Staff reporter
Chamisa calls Mnangagwa a brother
OPPOSITION MDC leader Nelson Chamisa has made an impassionate plea to South African President Cyril Ramaphosa, to take charge of Zimbabwe's national dialogue process and bring President Emmerson Mnang...Published: 15 Mar 2019 at 16:44hrs | | by Staff reporter
Chamisa begs Ramaphosa for talks
OPPOSITION MDC leader Nelson Chamisa has made an impassionate plea to South African President Cyril Ramaphosa, to take charge of Zimbabwe's national dialogue process and bring President Emmerson Mnang...Published: 15 Mar 2019 at 06:26hrs | | by Staff reporter
'GDP rebasing to lower insurance penetration'
THE rebasing of Zimbabwe's gross domestic product (GDP) in 2018 will lower insurance penetration rate by 2,9%, an industry official has said.Insurance and Pensions Commission (Ipec) acting com...Published: 22 Feb 2019 at 09:08hrs | | by Staff reporter
THI and Zimnat announce underwriting management agency agreement
THI Insurance has entered into an underwriting management agency agreement with Zimnat General Insurance that will result in THI being underwritten by Zimnat, in conjunction with Santam Agriculture, t...Published: 21 Feb 2019 at 11:06hrs | 7 | by Agencies
THI, Zimnat announce underwriting management agency agreement
THI Insurance has entered into an underwriting management agency agreement with Zimnat General Insurance that will result in THI being underwritten by Zimnat, in conjunction with Santam Agriculture, t...Published: 20 Feb 2019 at 15:54hrs | | by Staff writer
Regal Insurance suspended
Regal insurance has been suspended from underwriting any business following its failure to settle policy claims, the NewsDay has established.Documents seen by this paper show that the company ...Published: 28 Dec 2018 at 20:43hrs | | by Staff reporter
Chamisa statement on the prevailing economic, political and humanitarian situation
Fellow Zimbabweans! 1.1 I have taken time to assess the environment in the country to have a first-hand account of the economic, political and humanitarian situation. Indeed,...Published: 23 Oct 2018 at 14:24hrs | | by Adv. Nelson Chamisa MDC President
ZB in talks for $30m line of credit
ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions....Published: 25 Sep 2018 at 07:27hrs | | by Staff reporter
Zimbabwe's biggest winner in China
The Zimbabwean economy will emerge the biggest winner following President Mnangagwa's attendance at the 2018 Beijing Summit of the Forum on China – Africa Co-operation (FOCAC).With Chinese P...Published: 09 Sep 2018 at 08:10hrs | | by Staff reporter
Chamisa claims 'They are trying to kill me'
MDC Alliance leader Nelson Chamisa has claimed that there is an attempt to eliminate him, adding that the situation in Zimbabwe is now "more dangerous than Iraq".The opposition leader was spea...Published: 06 Aug 2018 at 09:51hrs | | by Staff reporter
Chamisa seeks to return Zimbabwe to legitimacy
The coalition of opposition parties seeks to return Zimbabwe to legitimacy following mutilation of constitutional foundations by the military in November 2017.The MDC Alliance SMART manifesto ...Published: 07 Jun 2018 at 14:08hrs | | by Byo24News Reporter
Fixing Zimbabwe's 'fantasy economics'
From time to time a few countries carry out what is in effect economic suicide.Four things destroy wealth in society - conflict, ideology, corruption and bad economic policy. Examples in recen...Published: 23 May 2018 at 11:22hrs | 2 | by Martyn Davies and Hanns Spangenberg
British govt banking on Mnangagwa
EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...Published: 18 May 2018 at 08:21hrs | 1 | by Staff reporter
NMBZ achieves $10 million after-tax profit
NMBZ Holdings' profit before taxation for the year ended 31 December 2017 was $13 017 690. Profit after tax was $9 938 826, an increase of 96 percent over last year's after-tax figure of $5 058 166....Published: 22 Mar 2018 at 14:42hrs | | by Mike Hamilton
Britain supports Mnangagwa bid
BRITAIN has reportedly come up with a grand plan to steer Zimbabwe through its turbulent political transition centred on Vice-President Emmerson Mnangagwa succeeding President Robert Mugabe with a US$...Published: 15 Nov 2017 at 09:53hrs | | by Staff reporter
Rival Zanu-PF factions capture presidency, state institutions
A serving High Court judge gave me something interesting to think about.He claims Team Lacoste has captured State institutions - from the judiciary, the military, the State media - and G40 has...Published: 28 Aug 2017 at 18:23hrs | | by Staff reporter
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...Published: 23 Aug 2017 at 17:14hrs | | by Agencies
Mugabe is right about land reform
There's nothing new under the sun. Not even in Zimbabwe. Robin Cook may have cajoled the Commonwealth into joining Britain in admonishing Robert Mugabe's government, but it is doubtful that many membe...Published: 29 May 2017 at 16:55hrs | | by David Anderson
NMBZ achieves pre-tax profit of $6,2 million
NMBZ Holdings, NMB Bank's holding company, made a profit before taxation of $6 208 904 in the year ended 31 December 2016. Its banking subsidiary achieved a capital adequacy ratio of 23,3 perc...Published: 27 Mar 2017 at 14:26hrs | | by Agencies
Controversy rocks Econet meeting
THERE was drama at Econet Wireless Zimbabwe's extraordinary general meeting (EGM) when state-run National Social Security Authority (Nssa), together with other shareholders and proxies, took the m...Published: 11 Feb 2017 at 14:32hrs | | by Staff reporter
Econet in controversial $130m rights issue
ECONET Wireless Zimbabwe is planning to raise $130 million through a controversial rights offer and linked debentures in order to service its foreign debt. In a circular released yesterday, Econet...Published: 18 Jan 2017 at 06:01hrs | | by Staff reporter
Mnangagwa should succeed Mugabe-- Britain
Vice-President Emmerson Mnangagwa is reportedly the British government favorite candidate to take over power from the 92-year-old president Robert Mugabe.As such, the former colonisers have cr...Published: 09 Sep 2016 at 15:34hrs | | by Staff reporter
Zimbabwe: The French connection
Well, like I indicated last week, the pilferage of the uumph of civil servants demonstrations by some externally glamorised fringe political upstarts last week was bound be exposed in the failed lockd...Published: 16 Jul 2016 at 07:50hrs | | by Nathaniel Manheru
Clearance for $100 billion from China still pending
THE MINISTER OF MINES AND MINING DEVELOPMENT Walter Chidhakwa has said the government of Zimbabwe is still waiting for a clerance of the $100 billion facility extended to Zimbabwe by China Bank....Published: 01 Nov 2015 at 08:28hrs | | by Stephen Jakes
Zifa house up for auction
ZIFA's headquarters at 53 Livingstone Avenue in Harare is set to be auctioned next week over a debt owed to LED Travel and Tours (Pvt) Ltd.According to a newspaper advert by Southbay Real Esta...Published: 12 Oct 2015 at 16:40hrs | | by Staff reporter
Broke MDC-T sends begging bowl
THE MDC-T has once again sent around the begging bowl, clearest indication that the party is broke and is reaching out to its members to bankroll it.In an advertisement, the party is asking me...Published: 05 Jan 2015 at 04:21hrs | | by Staff Reporter
MDC-T gets tough on cadres who stood as independent candidates
The MDC-T has barred party cadres who stood as independent candidates in last year's elections from contesting for posts ahead of the party's elective congress pencilled in for October.The cas...Published: 06 Jul 2014 at 14:50hrs | | by Staff reporter
MDC-T in financial ruin
THE turmoil rattling the Movement for Democratic Change (MDC-T) has everything to do with a deepening financial crisis as the party's traditional donors have turned off the taps, disillusioned by the ...Published: 25 Apr 2014 at 11:00hrs | | by Staff reporter
MDC-T forces members to fund party
THE cash-strapped Morgan Tsvangirai-led MDC has resorted to forcing its members to bankroll its activities, including paying workers who have not been paid since it lost the July 31 elections to Pres...Published: 24 Apr 2014 at 16:48hrs | | by Staff reporter
MDC-T 'Revolution' devours 'its own'
The so called MDC revolution, like the Greek god, Kronos, is now devouring its children.The recent violence and purging of opponents by the ex- Premier, Morgan Tsvangirai, has thrown the part...Published: 11 Apr 2014 at 20:10hrs | | by Caitlin Kamba
MDC-T members asked to contribute $100 each to fund party
THE cash-strapped MDC-T has put in place a proposal for party officials and members to contribute $100 to fund its operations following recommendations from acting treasurer-general Tapiwa Mashakada....Published: 28 Mar 2014 at 08:08hrs | | by Owen Gagare
AfrAsia Zimbabwe Limited raises $20 million
AFRASIA Zimbabwe Limited has completed the first phase of the $100 million recapitalisation exercise of its banking unit.The initial phase of the recapitalisation exercise involves raising $20...Published: 31 Dec 2013 at 01:44hrs | | by Staff Reporter
THI Insurance selects Agilis Core General Insurance software
Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, announced that it has won the contract to deploy Agilis Core General Insurance softwar...Published: 27 Sep 2013 at 09:15hrs | | by Own correspondent
Metbank has 'no interest in Interfresh'
Metbank does not intend to keep its recently acquired 32 percent stake in citrus business company Interfresh Ltd as plans are under way to offload the stake to a strategic partner, a senior bank execu...Published: 15 Sep 2013 at 04:55hrs | | by Staff Reporter
Banking sector loans grew 5,56%
TOTAL banking sector loans and advances increased by 5,56 percent from $3,401 billion in January to $3,59 billion in May.According to the 2013 mid-term fiscal policy statement presented by Fin...Published: 01 Aug 2013 at 05:06hrs | | by Business Reporter
Short term insurers fall marginally - IPEC report
Gross premium written for short term insurers in the first quarter was recorded a marginal decrease of 0.3% to $66.68 million attributed largely to the decline in hail insurance to $370 000 from...Published: 18 Jun 2013 at 16:29hrs | | by Finx
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