Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 45 for query «agribank»

March 29, 2018 11:55 AM Agribank appeals for $50m to expand services

AGRIBANK has appealed to government for a $50 million capital investment to facilitate expansion of services the bank provides. CEO Somukhosi Malaba told the Indigenisation Thematic Committee recently that Agribank needed to hit the $100 million financial capital injection in order to diversify its services. “The bank has received substantial capitalization 169

November 14, 2017 4:33 AM EcoCash signs up more banks

Econet Wireless Zimbabwe’s mobile money service, EcoCash, has integrated with MBCA Bank Limited, bringing the number of banks directly integrated with the mobile financial transacting system to 11. A company spokesperson confirmed the integration, saying the development was set to offer EcoCash and MBCA customers more convenience, choice and flexibility 27

October 30, 2017 6:27 AM Oscar Pambuka Loses House

By Staff Reporter| ZBC journalist and Walter Magaya’s public relations official,Oscar Pambuka has lost a house for failing to repay a bank loan. NewsDay reports that Pambuka’s house in Houghton Park, Harare has been attached by the Sheriff of the High Court of Zimbabwe and is expected to be auctioned on Friday over an undisclosed amount of debt he owes to CBZ Bank. The auction 13

August 28, 2017 6:33 PM Zimbabwe banks pile up on govt paper as private sector gets squeezed out

HARARE,– Zimbabwean banks have significantly increased their holdings of treasury bills (TBs) by 87 percent in the six months to June, results from reporting banks show as government continues to dominate borrowing at the expense of productive sectors of the economy. Statistics from the central bank show that the amount of TBs held by different institutions 62

August 17, 2017 10:29 PM Govt ready to disburse $334m summer inputs

The success of the Command Agriculture is not only anchored on better financial preparations and good rains, but also comprehensive monitoring and evaluation by teams drawn from different Government agencies at national level. These teams closely monitored utilisation of inputs and farming activities with a view to ensuring the success of the programme 11

July 21, 2017 5:39 AM Govt budget overrun sours to $900 million

The government had a budget overrun of a whopping $902,2 million by the end of 2016 on the back of huge employment costs and agriculture recovery that were largely unplanned for in the annual budget. Presenting his 2016 Annual Budget Review, and 2017 Economic Outlook yesterday, Finance minister Patrick Chinamasa said the employment costs remained the major 87

July 4, 2017 3:02 AM Notorious Avenues hookers strike again

THREE Harare Avenues area sex workers, notorious for robbing and blackmailing their clients after sexual encounters, have been arrested and yesterday appeared at the Harare Magistrates’ Court facing robbery charges. Yeukai Tsandukwa (27), Gailah Muroyi (25), Gamuchirayi Musviki (24) and a male accomplice, Tichaona Mujuru (30), who have other pending 9

May 28, 2017 10:10 PM Cross-border traders salute First Family

ZCBTA president Dr Killer Zivhu said the First Family was unselfish when it came to empowering the majority of Zimbabweans. He was speaking at the unveiling of a $15 million facility for cross-border traders to hundreds of members of different churches in Budiriro, Harare, over the weekend. “Zimbabwe is mostly a Christian nation and we urge all Christians 15

March 27, 2017 6:43 PM Agribank recovers to post $5m FY profit

Agribank recovers to post $5m FY profit Agricultural Development Bank of Zimbabwe (Agribank) on Monday reported a profit after tax of $4,8 million in a full-year to December 2016 from a loss of $6,3 million in the prior year, driven by an increase in net interest income. Net income interest rose by 45 percent to $25,9 million from $17,8 million in 2015, while 8

March 17, 2017 6:35 AM Schweppes to invest $10m into fruit processing in Esigodini

SCHWEPPES Zimbabwe's Norton Based fruit processing subsidiary, Best Fruit Processors (BFP), says its board of directors has approved a $10 million investment to establish a similar operation at Esigodini, Matabeleland Province South, this year. BFP has already commissioned its nascent fruit processing plant in Norton. The firm is targeting 20 000 tonnes 10