Mortgage lender National Building Society (NBS) registered an operating loss of $2.98 million in its debut year to December 31, 2016 as set-up costs outstripped income, finance director Ethel Chitanda told journalists today.
Clothing retail chain Edgars Stores’ net profit dropped nearly 90 percent to $548 000 from $4.57 million after a 19 percent drop in sales.
Ethiopian Airlines says it is ready to launch its maiden flight into Victoria Falls on Sunday and has already opened an office in the resort town.
Zimbabwe’s trade deficit stood at $309.7 million in the first two months of 2017 after exports fell 7 percent as the country continues to rely on imported products, latest trade data from the Zimbabwe National Statistics Agency (Zimstat) shows.
Movement for Democratic Change leader Morgan Tsvangirai today told his supporters whom he met during his six-week tour of the country that he had heard them all and was hoping that 2018 will be the year when “we all start afresh”.
National Foods profit after tax marginally decreased to $6.58 million from $6.63 million in the six months to December 31, 2016, largely weighed down by a poor performance by the maize division.