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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The Chronicle
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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Pre-season meeting for Mat North basketball
Nkosilathi Sibanda, Sports Reporter BASKETBALL teams in Matabeleland North Province have started preparations for the start of their Super Six League with a pre-season tournament and technical meeting slated for Hwange next month. The league bounces off on September 30 and has Madumabisa Titans, Black Hornets, Royal Eagles, Ghetto Magics, Victoria Falls Panthers and Mosi […] …
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Putin congratulates ED
Bongani Ndlovu, Online Reporter RUSSIAN President Vladimir Putin has congratulated President Mnangagwa on his re-election following last week’s harmonised elections, saying he wished him all the success and good health, to further strengthen Zimbabwe-Russia ties. The Zimbabwe Electoral Commission chairperson Justice Priscilla Chigumba announced on Saturday night that President Mnangagwa had won the elections, thus […] …
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Chirenda happy with Ngezi Platinum Queens winning streak
Sport Reporter NGEZI Platinum Queens coach Tapiwa Chirenda believes they are on track with their campaign for an improved show in the Nedbank Premier Netball League following another good outing over the weekend. The Mhondoro-Ngezi-based side finished fourth in the previous season and are seeking a better outcome this year. Ngezi Platinum were the hosts […] …
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Exports drive Cafca turnover
Business Writer LISTED cable manufacturer Cafca export volumes reached 106 tonnes during the third quarter of this year compared to 91 tonnes in the corresponding period last year. That saw turnover amounting to $37,4 billion in historical terms. In the same period last year, revenue stood at $3,3 billion. CAFCA’s primary market is Southern and […] …
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Ruling on Biti’s application for discharge set for today
Prosper Dembedza Herald Correspondent Harare magistrate Mrs Vongai Guwuriro Muchuchuti is today expected to deliver a ruling in an application for discharge at the close of the State’s case by Tendai Biti in his assault case. Biti, through his lawyer, Mr Alec Muchadehama notified the court in the previous sitting that he would file for […] …
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