Harare (New Ziana) – EmpowerBank Limited has appointed a new chief executive officer, Shadreck Mhembere, formerly the bank’s head of treasury. In addition to his former substantive position, Mhembere had also been acting chief executive of the bank prior to his latest appointment. In a statement, the bank’s board said the incoming chief executive ‘has […]
Harare (New Ziana) – The government is pacing up expansion of the country’s electricity generation to keep up with increasing demand, and ensure power shortages do not constrict future economic growth, a senior government official said on Wednesday. In an interview, Ministry of Energy and Power Development permanent secretary, Gloria Magombo said a number of […]
Harare (New Ziana) – Government on Tuesday lifted the ban imposed on maize imports since last year, citing increased demand for the commodity. The ban, which had been imposed following a bumper harvest, meant millers were required to purchase maize from the Grain Marketing Board (GMB), which has a monopoly on buying and selling maize […]
Harare (New Ziana)– Nedbank Zimbabwe has raised additional capital via a rights issue to meet the statutory minimum capitalisation threshold of US$30 million, the Reserve Bank of Zimbabwe (RBZ) has said. In his monetary policy last week, RBZ governor Dr. John Mangudya said Nedbank, the National Building Society, and AFC Commercial Bank were among the […]