Grind Stone Africa

06/06/2025

To the unfortunate beautiful faces that we captured and the the farming knowledge we farmed today, we are prepared to do it again tomorrow

05/06/2025

The love and support we get is surreal this is the most commercial Agro Show I’m Zimbabwe featuring the top players in the Agro Ecosystem in Zimbabwe thanks to x .dube for visuals

10/05/2025

A BIG thank you to all who joined us and the EU Member States in Zimbabwe in celebrating ! 🎉🥂

05/05/2025

We appreciate and always support Shingie Katsvere

https://www.facebook.com/share/p/15usE8JjKU/?mibextid=wwXIfr

03/05/2025

Loving how and his off-the-field street assemble makes the best centre piece in front of a well textured canvas

01/05/2025

First Capital Bank Zimbabwe Navigates Economic Headwinds, Posts $22M Profit

HARARE - First Capital Bank Limited has demonstrated resilience in the face of a challenging economic climate, reporting a consolidated operating profit after tax of US$22 million for the year ended December 31, 2024. This compares to US$29.7 million in the prior year.

The period was marked by a fragile global economic outlook, compounded by El Niño-induced droughts and a currency reform program in Zimbabwe, along with subdued global commodity prices. In his statement, Chairman P. Devenish acknowledged these pressures, emphasizing the need for climate resilience and fiscal reforms to ensure sustainable growth.

Despite these challenges, the bank maintained robust capital levels, with core capital growing by 19% to US$61 million, significantly exceeding the regulatory minimum of US$30 million. The bank's capital adequacy ratio stood at a healthy 29%, with a liquid assets ratio of 53%, positioning it favorably to support future asset growth.

Earnings per share remained strong at US$1.02, though this represents a 25% decrease from the 2023 figure. The Board of Directors has proposed a final dividend of US$0.315 cents per share, bringing the total dividend for the year to US$0.661 cents per share.

Looking ahead, First Capital Bank anticipates economic growth to reach 6% in 2025, driven by a rebound in the agricultural sector, increased investment in mining and tourism, and improved fiscal stability. The bank stated its intent to "diligently harness emerging opportunities" while mitigating risks through strengthened governance and risk frameworks.

A key strategic focus for the bank is its commitment to Environmental, Social, and Governance (ESG) principles. CEO Tapera Mushoriwa stressed that sustainability is not merely a regulatory requirement but a strategic imperative.

The bank is focusing on green financing, enhanced governance and compliance, and financial inclusion initiatives, including expanding access to SME funding and developing tailored products for women-led enterprises.

In 2024, the bank onboarded over 70,000 new customers, with 80% registering on digital platforms, demonstrating strong digital adoption and financial inclusion. ESG-focused lending saw US$9.1 million directed towards solar energy, borehole drilling, and agricultural development projects.

First Capital Bank's commitment to ethical conduct is underscored by its strict zero-tolerance policy towards bribery and corruption, and the establishment of an independently managed whistleblowing facility.

28/04/2025

Mr. Clive Noland, the Founder and Chairman of International, paid a visit to their Zimbabwean office in Eastlea earlier today. Zimbabwe holds a significant place as the firm’s first international partner. Their history reveals a commitment to rather radical, ethical, and innovative practices, distinguishing them from the more conventional audit firms.

16/04/2025

16/04/2025

Here is a compelling short series about how rugby is changing lives, the premier features our very skillful Tadius “Boxer” Dzandiwandira. Coming from a boxing family, playing football for as a junior to a thriving Test rugby career while giving back to the community of Chitungwiza

11/04/2025

Earlier today officially opened Phase 1 of the Mbare Musika Traders Market Development Project and launched construction for Phase 2 of the Mbare Musika Hub Main Market—ushering in a new era for local development.

This major regeneration effort, following last year’s devastating fire, is set to transform one of Zimbabwe’s most iconic markets into a modern trading hub. With nearly 1,700 new stalls, improved infrastructure, and enhanced security through a new police post and bank facilities, the project aims to boost commerce, attract investment, and improve working conditions for traders.

Residents of Mbare and consumers across Harare stand to benefit from better services, cleaner facilities, and more reliable access to fresh produce and goods—all while empowering small and medium enterprises to drive inclusive economic growth.

09/02/2025

Happy birthday to

26/01/2025