US$4m offshore debt burden for ART Corporation
ART Corporation says it is saddled with an offshore creditors’ debt of over US$4 million and a monthly requirement of US$600 000, but the company is…
Companies
RBZ financial inclusion facility surges to US$500m
THE Reserve Bank of Zimbabwe (RBZ) says its financial inclusion facility has ballooned to US$501 million with over 50% of the funds advanced to marginalised…
Helicopter Mangudya and Ncube’s Freudian slip up
THIS remark by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya in an interview with the Zimbabwe Independent last week sent chills down my spine: “You…
Non-performing loans up amid high credit risk
NON-PERFORMING loans (NPLs) rose in the full-year to December 2018 (FY18), as credit risk increased in the economy from 7,08% in December to 8,25% in the prior…
Platinum project to get US$260m
Funding totalling of US$262 million will be allocated for working capital and equity by African Export-Import Bank (Afreximbank) and the African Finance…
‘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.
Local banks join in money laundering fight: Mangudya
CENTRAL bank governor John Mangudya says local banks have reached acceptable levels in the implementation of Money Laundering and Proceeds of Crime Act…
Investors pile into big caps
INVESTORS are carefully rebalancing their equities portfolio to include big caps as Zimbabwe’s economic and inflation outlook worsens.
Earnings surprises as reporting season nears
THE earnings season is officially upon us with companies with December year-end reporting periods expected to start releasing into the market anytime now.
Malaysia rejects aircraft deal reversal
MALAYSIAN Airlines has turned down the Zimbabwean government’s request to reverse a deal for the purchase of two Boeing 777 planes and threatened to take…
