The Zimbabwe government continues to dominate the local credit market, with domestic debt rising 40 percent to $4 billion in the quarter to March.
Zimbabwe’s largest short-term insurer, NicozDiamond’s Gross Premiums Written grew 11 percent to $19.5 million in the five months to May 2017.
Cuthbert Dube broke no law when he took money from poor members of the Public Service Medical Aid Society (PSMAS) and paid himself millions.
Coal miner Makomo Resources says production at its Hwange mine is recovering after a slow start to the year, with May output at 140 000 tonnes, from 130 000 tonnes in April.
Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hulett, today reported a net income of $7.7 million for the full-year to March 31 from a loss of $6.5 million previously, driven by increased revenue and lower cost of capital.
Clothing retail chain Edgars Stores’ profit-after-tax nearly trebled to $1 million in the year-to-date, from $35 000 last year and 200 percent above budget due to lower costs.