Zimbabwe is planning to mark its fuel to curb smuggling and a fuel marking contractor will be appointed within the second quarter which begins next month.
Zimbabwe African National Union-patriotic Front national commissar Saviour Kasukuwere has accused the State-controlled Herald of fanning factionalism and has warned the paper that he is no pushover.
The People’s Own Savings Bank (POSB) reported a 22 percent increase in after-tax profit to $9.68 million in the full year to December on increased revenue and cost containment measures.
Simbisa Brands yesterday reported a 4.7 percent increase in after-tax profit to $4.7 million in the half year to December on the back of increased sales.
Troubled Tetrad Investment Bank has tabled a debt into equity conversion offer and payment in cash to proven depositors and creditors as the judicial manager sees possibilities of a revival.
Zimbabwe’s largest media house, Zimpapers, today reported that its net profit for the year to December 2016 fell by a quarter to $2.02 million from $2.7 million in the prior year.
Kuwait today signed a $20 million loan agreement with Zimbabwe to finance the development of irrigation infrastructure at Zhove Dam in Matabeleland South.
Zimbabwe government expenditure for the fourth quarter amounted to $1.432 billion against a target of $1.006 billion, resulting in an expenditure overrun of 42.3 percent, the latest Treasury bulletin shows.