Melody Chikono

Melody Chikono

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CABS strikes deals to expand scope

Correspondent banks provide services to other banks, usually in another country.
By Melody Chikono Sep. 2, 2022

Feature: 'Obsolete equipment cripples power generation'

We have plans to rehabilitate Hwange Power Station at the moment.
By Melody Chikono Sep. 2, 2022

Harare City warns govt

Smart City Concept was at the core of its desire to see a transformed urban setting across the nation.
By Melody Chikono Sep. 2, 2022

ZB explores options to tackle inflation

They largely emanated from upward pressure on cost structures resulting from the inflationary environment.
By Melody Chikono Sep. 4, 2022

Zim platinum H2 output remains stable

This offsets declines at Mimosa and Zimplats which fell due to a semi-finished inventory release last year.
By Melody Chikono Sep. 6, 2022

Fiscal pressures could limit govt options

The main drivers of inflation in Zimbabwe have been money supply growth, the parallel market premium as well as energy and fuel price developments.
By Melody Chikono Sep. 6, 2022

Zimplats splurges US$270m on capital projects

Zimplats said a total of US$44,1 million was spent on the upgrade of the Mupani Mine project during the year, bringing the project expenditure to date to US$190,7 million.
By Melody Chikono Sep. 6, 2022

Crop price liberalisation on cards

Government has all along been setting producer prices for commodities, which has left many farmers vulnerable.
By Melody Chikono Sep. 8, 2022

'Women must be accountable in business'

Manungo also noted that women needed to avoid being seen as beneficiaries of patronage or sympathy and avoid misrepresentation to win tenders.
By Melody Chikono Sep. 9, 2022

Soldiers 'siege' Morton Jaffray

Stocks of sulphate, as shown by the startling report, have dwindled to 41 tonnes while the capital requires 2 500 tonnes every month.
By Tinashe Kairiza and Melody Chikono Sep. 9, 2022

Students stuck in Cyprus prisons

Preliminary investigations by this publication show that this could be a tip of the iceberg.
By Melody Chikono Sep. 9, 2022

Banks keep NPLs in safe territory

A non-performing loan (NPL) is a credit that is in default due to the fact that the borrower has not made the scheduled payments for a specified period.
By Melody Chikono Sep. 9, 2022

FBC embarks on housing schemes

Meanwhile, the group is also continually seeking opportunities to preserve and grow shareholder value as well as enhance customer experience.
By Melody Chikono Sep. 9, 2022

Dairibord aims to boost exports

The long-term benefits are expected to be competitive local milk prices, import substitution for milk powders and opportunities for export growth.
By Melody Chikono Sep. 13, 2022

Zim students stuck in Turkey

The European country has, however, distanced itself from the jailing of the students.
By Melody Chikono and Tinashe Kairiza Sep. 16, 2022

Turnall to resuscitate fibre plant

The group this year indicated it was carrying out plant refurbishments at the Harare plant, in addition to several projects valued at US$4 million.
By Melody Chikono Sep. 16, 2022

Pension funds generate US$29 million

Money markets and other assets stood at 5% and 7% respectively.
By Melody Chikono Sep. 18, 2022

Individuals, unclaimed shares the biggest accounts on the CSD

A CSD August update shows that individual accounts stood at 20 579 while unclaimed shares stood at 16 305.
By Melody Chikono Sep. 19, 2022

‘Rate hike stems inflation storm’

NBS chairperson Shingai Mutumbwa said the lender was monitoring market reaction to the bold move through its loan book.
By Melody Chikono Sep. 20, 2022

GB Holdings set to meet demand

ZIMBABWE Stock Exchange (ZSE)-listed rubber and chemicals manufacturer, General Beltings, says it is poised to meet increased demand in the fourth quarter.
By Melody Chikono Oct. 6, 2022

US$20m injection for ailing David Whitehead

Ganediwal said the company would target Zambia, Malawi and other neighbouring countries for exports in the short term.
By Melody Chikono and Taurai Mangudhla Oct. 6, 2022

Japan extends US$700K grant to Zim

The project will be implemented by JICA engineers in collaboration with engineers from the Transport and Infrastructural Development ministry.
By Melody Chikono Oct. 7, 2022

Territorial dispute worsens Zim students’ predicament in Cyprus

Northern Cyprus has been “illegally” occupied by Turkey since 1974 and is only recognised by Istanbul the world over as a sovereign state.
By Melody Chikono and Tinashe Kairiza Oct. 7, 2022

AVC extends footprint in agric sector

Ganediwal said the fertiliser supply project was meant to ensure full support for the agricultural sector.
By Melody Chikono Oct. 9, 2022

Long-serving pension funds trustees put on notice

This comes as preliminary findings on governance offsite inspection conducted by the regulator revealed that some have become perennial trustees.
By Melody Chikono Oct. 11, 2022

Bank charges eroding public confidence

Chiduwa said most banks were blaming high bank charges on imported systems.
By Melody Chikono Oct. 12, 2022

‘Zim needs to monitor its borrowings’

This comes at a time when the country is struggling to settle public debts in excess of US$19 billion.
By Melody Chikono Oct. 14, 2022

AfDB plan on Zim doomed to fail’

The Zimbabwean government enlisted Adesina to help clear its long-standing external debt arrears.
By Melody Chikono Oct. 14, 2022

Parliament queries debt, GDP stats

Zimbabwe, which is in debt distress with external debt figures varying from US$14 billion to US$19 billion,  has been struggling to get fresh lines of credit from multilateral lenders.
By Melody Chikono Oct. 14, 2022

‘Discreet 2023 fiscal measures to boost listed firms’ performance’

He said companies were able to access funding via the auction market which improved production and product availability.
By Melody Chikono Oct. 14, 2022