Herbert Nkala

FBC Holdings Limited (FBCH) invested in hedged assets to mitigate against the Zimbabwe dollar (Zimdollar) depreciation in the half year ended June 30, 2023, contributing to total income of nearly ZWL$854 billion. During the period, the…
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Prominent businessman, Mr Herbert Nkala, has been appointed chairman of the OK Zimbabwe Limited board.He replaces, Mr David Lake, who has stepped down from the position with immediate effect.
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LOBELS chief executive Ngoni Mazango has left the company after a fall out with the board due to a contractual disagreement over a 10 percent equity that he was supposed to receive for turning around the country’s second largest bakery
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At least four banks that took control of bread-maker, Lobel’s in September 2012 after pouring US$4,5 million to recapitalise the then ailing business are failing to find buyers to take over the business, the Financial Gazette reports.
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BUILDING products manufacturer, Turnall Holdings Limited, is treading on the red zone after its losses for the first six months of 2014 increased 23 times compared to the same period last year.
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