HARARE – Agro-industrial conglomerate CFI Holdings (CFI) has remained in the red despite reducing its loss to $3,3 million in the six months to March 2016 against a loss of $3,7 million loss recorded in the same period last year. The group’s acting chairperson, Grace Muradzikwa, yesterday said CFI’s operations were significantly affected by inadequate…
HARARE – Businessman and former ABC Holdings chairman Oliver Chidawu has bounced back into the banking sector after Heritage Financial Services — together with other seven microfinance institutions was granted a green light by the central bank to begin operations. Reserve Bank of Zimbabwe (RBZ) registrar of financiers said, of the eight, five were moneylenders…
HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it is targeting to achieve $250 million capitalisation in 2018. This is way above the $100 million minimum capital requirements to be achieved by commercial banks by 2020. IDBZ chief executive Thomas Sakala said although the bank had developed a road map to reach its…
HARARE – After unveiling his 10th studio album Tsoka Dzerwendo (Ayayaa) in March, sungura ace Alick Macheso was confident that the offering was going to get the country dancing. The track Mude Mude, off the latest album is without doubt the song of choice on the country’s dance floors and appears well-placed to win a…
HARARE – A star-studded cast is set to share the stage at Borrowdale Racecourse tomorrow at the annual OK Grand Challenge. The artistes include Winky D, Judgement Yard and the Mukoko hit makers Tytan and Ammara Brown. Winky D manager Jonathan Banda told the Daily News that big organisations such as OK fell in love…
HARARE – Warriors defender Costa Nhamoinesu says they are prepared to die during Zimbabwe’s quest to qualify for the 2017 Africa Cup of Nations finals to be held in Gabon. Zimbabwe are on the verge of qualifying for early next year’s tournament as they currently enjoy a three-point lead at the top of Group L…
HARARE – The Soccer Coaches Union of Zimbabwe (Scuz) says events which followed after the tragic passing away of former CAPS United coach Gishon Ntini are a wake-up call to the fraternity. Ntini passed on early Monday morning following a battle with urological problems and was buried in his rural home of Mhondoro Ngezi on…
HARARE – Three suspended athletics clubs have appealed to Sports minister Makhosini Hlongwane (pictured) in their duel against the Sports and Recreation Commission (SRC) and the National Athletics Association of Zimbabwe (Naaz). Chabs Athletics, World Stars and Taflow Club all from Bindura were banned in March this year after they raised corruption allegations against the…
HARARE – Zimbabwe Cricket (ZC) changes to the technical department and playing staff have been met with mixed feelings by fans. Head coach Dav Whatmore was shown the exit while captain Hamilton Masakadza was also relieved of his duties and replaced by spinner Graeme Cremer on an interim basis. South African pace legend Makhaya Ntini…
HARARE – Econet Wireless Zimbabwe subsidiary Steward Bank (Steward) has made its first profit since the telecommunications giant acquired the financial services provider in 2012. Steward said it made a profit after tax of $5,4 million in the full year to February 2016 compared to a loss of $8,3 million over the same period last…
