finance

NMBZ Holdings (NMBZ) says it expects its property subsidiary to contribute at least 10 percent to the bank’s income, with the proceeds increasing as the unit grows.Advertisements

DAIRIBORD Holdings says its business demonstrated steady volume growth month-on-month in the first quarter, ending at 14 percent compared to last year.Advertisements

EDGARS Stores (Edgars) says it seeks to expand its geographic footprint through the opening of new stores in strategic locations.Advertisements

FIRST Capital Bank (First Capital) says it has had to temporarily resort to historical accounting only after failing to comply with the international accounting standard that pertains to hyperinflation reporting, …

KUVIMBA Mining House (Kuvimba) has engaged a consulting company to drive the resuscitation of Zimbabwe Iron and Steel Company (Zisco).Advertisements

THERE has been a low default rate on the repayment of loans under Zimbabwe’s Belarus-sponsored farm mechanisation programme, a government official has said.Advertisements

WEST Properties Holdings says Zimbabwe’s infrastructure landscape needs to be reorganised to accommodate and encourage investments in large projects.Advertisements

HWANGE Colliery Company (Hwange) says it plans to grow its market share of coking coal sales in neighbouring countries this year.Advertisements

GOVERNMENT says agriculture mechanisation investments will help transform the country’s farming landscape and contribute to economic growth.Advertisements

CFI Holdings (CFI) says sales at its subsidiary, stockfeed manufacturer Agrifoods, dropped four percent during the five months ended February 28, 2023, indicating that consumers are reducing spending in reaction …