Zimbabwe’s largest short-term insurer NicozDiamond posted an after tax profit of $2.44 million in 2017 compared to $1.75 million in 2016 largely driven by modest growth across the group and a rebound by its Malawi unit.
MBCA Bank yesterday rebranded to Nedbank Zimbabwe but said clients would not be able to access cash easily when outside the country despite the bank’s presence in the region.
Former Zimbabwe President Robert Mugabe has just disclosed that he had very few friends towards the end of his reign with most probably regarding his ousting as good riddance.
Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November saw the government adopt a more open approach to foreign companies.
Movement for Democratic Change leader Nelson Chamisa has once again brushed off President Emmerson Mnangagwa as a serious contender in the next elections saying he is the door out of the past and not to the future.
Great Dyke Investments says it will invest $400 million to build a precious metals mine and smelter at its Darwendale Project near Harare.