Business Reporter First Capital Bank (FCB) says foreign currency earnings accounted for 20 percent of its total income in the first quarter of 2022 and that the bank is targeting an increased contribution from the foreign currency generating operations of the business. During the quarter under review, the bank’s total income increased by 37 percent […]
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Commuters hail improvement in public transport
Source: Commuters hail improvement in public transport | The Herald Passengers board commuter omnibuses at Charge Office bus terminus in Harare yesterday as private transporters return following Government’s lifting of their ban to improve the transport situation. — Picture: Joseph Manditswara Ivan Zhakata Herald Correspondent Public transport improved significantly yesterday as private companies and kombis […]
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Warren Hills Golf Club upgrading on course
Source: Warren Hills Golf Club upgrading on course | The Herald Mr Michael Chideme Herald Reporter Harare City Council has said the Warren Hills Golf Course is set to be redesigned into a world-class golf club disputing claims that it will be merely turned into residential and commercial stands. The club is set […]
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Wheat farmers await bank loan modalities
Source: Wheat farmers await bank loan modalities | The Herald Mr Paul Zakariya Edgar Vhera Agriculture Reporter Farmers are waiting for further guidance from authorities following the temporary suspension of lending by banks to both Government and the private sector, as they reckon agriculture needs to be exempted if all farmers are to plant their […]
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Analysis: Zimbabwe borrows from bank of bad ideas, again
‘Banks that can’t lend don’t have a sustainable business, putting them at risk of full-on runs’ …
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Zimura elective AGM held legally: Zimura management
Mthabisi Tshuma, Showbiz Reporter THE Zimbabwe Music Rights Associations (Zimura) management has dismissed claims by one of its members Fred Farai Nyakudanga that the recently held elective AGM was held illegally. Zimura held its elective AGM last Monday in Harare and Nyakudanga was one of the contestants. Out of 167 votes cast, Nyakudanga received four […] …
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Banning lending will endanger banks’ viability, BancABC warns
‘Prohibiting access to funding will undermine operations, curtail growth, result in shortages of goods and price escalation’ …
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“Uniting the nation one meal at a time”… Hotplate Grillhouse to open four more branches
Mthabisi Tshuma, Showbiz Reporter The nation is certainly being united “one meal at a time” as lovers of traditional food continue to be spoilt by fast-food company Hotplate Grillhouse which is preparing to open four more outlets around the country. Tomorrow, Mutare is set to get its first branch followed by Gweru on June 30. […] …
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87-year-old man goes missing
Yoliswa Dube-Moyo Police in Matabeleland South province are appealing for information that may lead to the location of an 87-year-old man from Filabusi who went missing on March 2. Matabeleland South provincial police spokesperson Inspector Loveness Mangena said David Nkomo was last seen on March 2 around 9AM when he left his home for Sithenga […] …
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Zimbabwe’s bank lending freeze will worsen economic crisis, chamber says
‘No investor would be attracted to such an economy where lending can be suspended overnight’ …
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