Agrippa Mugwagwa — the managing director of Xarani Private Limited, an FBC Holdings subsidiary — said technology was the future.

The six failed financial institutions were Royal Bank, Trust Banking Corporation, Afrasia, Interfin Banking Corporation, Allied Bank and Genesis Investment Bank.

Operating costs were up 302% year-on-year primarily driven by staff costs (up 565%).

“The corporation is currently working towards establishing the necessary infrastructure and modalities of bringing the domestic sales under its ambit.” MMCZ added.

Greaves was a founding director of the lithium miner — the first to carry out full-scale exploration in Zimbabwe at Arcadia.

In an analysis of the firm’s financial statements for the full year ended March 31, 2022, IH said that downside risks still existed from high financial costs.

Invictus said Friday’s developments were “exciting and long-anticipated.”

In Mwenezi district, some farmers are harvesting water during the rainy season using plastic tanks connected to the roof of their houses.

He said RioZim was in financial dire straits, and unable to meet its obligations.

According to the latest Zimdirector Magazine released at the ongoing IoDZ conference, bad governance has reached catastrophic proportions.

The workshop trained directors in various areas, including the role of audit committees, legal compliance enforcements, cybersecurity.

Caledonia recently took over Bilboes Gold in a multimillion-dollar deal. 

MIMOSA Mining Company says it plans to inject US$100 million  towards the development of a new shaft to extend the mine’s lifespan to 22 years.