NMB Holdings Limited has reported a 35 percent increase in after-tax profit in the six months to June from $2.6 million in the prior year to $3.6 million despite an 8 percent drop in gross income.
Former Army commander Solomon Mujuru was prepared to ditch President Robert Mugabe in 2008 and support opposition leader Morgan Tsvangirai instead if Mugabe tried to rig the elections.
Zimbabwe’s trade deficit narrowed by 21 percent to $1.2 billion in the first seven months of the year, latest trade data from the statistics agency shows.
There is an African idiom that if a man does not eat at home, he may never give his wife enough money to cook a good pot of soup.
The Midlands province, home of Vice-President Emmerson Mnangagwa, is planning to mobilise the biggest crowd ever to host President Robert Mugabe during his current inter-face rallies organised by the party’s youth wing.
Zimbabwean banks have significantly increased their holdings of treasury bills (TBs) by 87 percent in the six months to June, results from reporting banks show, as government continues to dominate borrowing at the expense of productive sectors of the economy.