CBZ Holdings’ income in the first quarter to March increased 7 percent to $37.7 million, driven by a surge in business in the three month period.
The Deposit Protection Corporation (DPC) is looking for new investors to acquire Tetrad Investment Bank for $25 million after creditors agreed to accept shares and cash, leaving the troubled bank with a clean balance sheet.
Zimbabwe’s competition watchdog has opened an investigation into a case of suspected anti-competitive behaviour between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and CAFCA.
Innscor has made an offer to acquire minorities shares in Zimbabwe’s largest pork and meat processor, Colcom in exchange for Innscor shares and plans to delist the company from the local bourse.
Germany will consider offering financial help to Zimbabwe, but only after the country has settled a €505 million ($550 million) debt, the country’s ambassador told Parliament yesterday.