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.
Zimbabwe war veterans leader Christopher Mutsvangwa yesterday told Zimbabwe African National Union-Patriotic Front national commissar Saviour Kasukuwere to purify drinking water for Harare first to save the people from typhoid instead of messing around with ZANU-PF politics.
Seventeen Zimbabwean entrepreneurs have been selected among a group of 1 000 young entrepreneurs who will benefit from the latest round of the Tony Elumelu Entrepreneurship Programme’s (TEEP) $100 million fund.