HARARE – Zimbabwe’s largest beverages maker, Delta Corporation (Delta), will on Wednesday this week reward its shareholders with a final dividend of $28,4 million. This will bring the total dividend for the year to March 2015 to $45,1 million, which is three percent above the $43,7 million disbursed in 2014. The Zimbabwe Stock Exchange-listed blue-chip…
HARARE – AIM-listed Africa-focused resources group, Mwana Africa Plc (Mwana), has appointed Yat Hoi Ning as its interim chairman. Ning, who takes over from Stuart Morris who retired last week Friday, will – with immediate effect – fulfil this role until a new chairman has been appointed. Ning joined the Mwana Board in June 2012…
HARARE – Zimbabwe’s financial services now prefer lending to individuals in favour of risky corporate borrowers, the African Development Bank (AfDB) has said. In its March 2015 Monthly Report on Zimbabwe, the regional banking group said individuals continued to borrow more than productive sectors of the economy, partly because banks prefer extending credit to individuals….
HARARE – The Zimbabwe Stock Exchange (ZSE) is expecting the revised listing requirements to be gazetted soon after they were approved by the Securities and Exchange Commission of Zimbabwe early this year. Alban Chirume, ZSE’s chief executive, said the revision of the listing requirements, which has been on the drawing board for the past few…
HARARE – Zimbabwe’s total gold deliveries surged by nearly 50 percent to 1 546,16 kilogrammes (kg) in March 2015, from 1 040,49 kg recorded in March 2014, figures from the African Development Bank (AfDB) reveal. In its monthly economic review for Zimbabwe, the multilateral lender said the record production was driven by an increase in…
HARARE – Listed hospitality concern African Sun Limited (ASL) recorded a profit of $850 519 in the six months to March 2015, compared to a loss of $1,4 million in the prior period, due to increased foreign tourists arrivals. Herbert Nkala, ASL chairman, on Friday said foreign arrivals into the group’s hotels grew by a…
HARARE – Zimbabwe tobacco farmers have so far earned nearly $430 million from the sale of 145,5 million kilogrammes (kg) of flue cured tobacco since the beginning of the current marketing season in March this year, official figures show. Statistics released by the Tobacco Industry Marketing Board (TIMB) on Friday showed that the value and…
HARARE – Rising Jamaican dancehall star Charly Black is set to perform in Zimbabwe on August 8 during the Heroes Sunsplash to be hosted at Long Cheng Plaza. Thirty-year-old Black, whose real name is Desmond Mendize, will be performing in Zimbabwe for the first time in a gig that has been put together by United…
HARARE – South African film star Katlego “Dineo Mashaba” Danke says the great reception she got on her recent tour of Zimbabwe demonstrates the senselessness of the xenophobia that rocked her homeland. The ex-Generations star visited Bulawayo and Harare at the end of May along with Rhythm City’s Zintle Ncipha to grace the launch of…
HARARE – Comedian Carl Joshua Ncube has been nominated for the Fifth Annual South African Savannah Comic Choice Awards. Carl, who has brought Zimbabwean comedy to the limelight through his innovation and rigorous marketing, is delighted to be in the running for the coveted awards. “It is a huge deal just being considered. I know…
