Stanbic Bank posts 572% half-year profit growth

Business Correspondent STANBIC Bank Zimbabwe has posted an inflation-adjusted profit after tax of ZWL$373 billion for the six months ended 30 June 2023, growing from the ZWL$56 billion recorded in the prior period. In a statement accompanying financial results for the period, Stanbic Bank chairman, Mr Gregory Sebborn, attributed the growth in profit to the […] …
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Polio vaccination

Leonard Ncube, Online Reporter ZAMBIA has today rolled out vaccination against polio targeting children below eight years, including those crossing from Zimbabwe and other countries. This comes as the northern neighbor recorded a case of polio, and as the contagious disease continues to affect the region. Zimbabwe launched a National Polio Vaccination Campaign last year […] …
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Chinese nationals fight deportation

Mashudu Netsianda, Mashudu.netsianda@chronicle.co.zw TWO Chinese investors who were prohibited from entering the country following their deportation last year, have taken the immigration department to court challenging its decision to declare them prohibited immigrants. Zheng Jie (58) who is the director of Jie and Beat Enterprises and his business partner Xia XiaoJun (48) were arrested early […] …
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NMB well capitalized

Business Writer LISTED financial services provider NMB says its main subsidiary, NMB Bank Limited remains well capitalized with a total capital adequacy ratio of 27,79 percent indicating that discussions with various providers of debt financing are at various stages of completion. It expects that draw-downs will commence in the third quarter of the year. “The […] …
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VFAPU golf tourney to tee-off in Harare

Leonard Ncube, Online Reporter OVER 30 teams are expected to tee off at the annual Victoria Falls Anti-Poaching (VFAPU) Golf Day fundraising tournament to be held in Harare. The tournament is organized by hospitality group Africa Albida Tourism (AAT) and last year raised US$44,000 which was used towards the costs of running the VFAPU such […] …
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