Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

After experiencing a significant loss of US$1.8 million in the first half of 2023, African Sun, the leading hotel group listed on the Victoria Falls Stock Exchange, has shown improvement in its perfor

Zimplow, a company listed on the Victoria Falls Stock Exchange (VFEX), is making significant progress towards acquiring the equity ownership of Barzem, a company currently under the ownership of Barlo

The beleaguered Zimbabwe dollar, has widened year to date deterioration rate by 87% from 86% last year against the United States dollar. In recent trading on Tuesday’s RBZ governed auction market, the

Air Zimbabwe, the struggling national carrier, has appointed Edmund Makona as its new Chief Executive Officer (CEO). With 38 years of industry experience, Makona brings a wealth of expertise to the r

The Zimbabwe Dollar remained relatively stable in the latest auction market held on Tuesday, with minimal changes in its value. The exchange rate shifted from ZWL5738.7217 on November 7th to ZWL5755.7

The diversified VFEX listed company, Padenga Holdings Limited, has achieved a gold output of over 1,500 kilograms during the cumulative nine months leading up to September 2023. This surpasses the out

Turnall Holdings Limited, a tiles manufacturer, reported a 7% decline in sales volumes for the third quarter ending on September 30, 2023. The sales volumes decreased from 9,132 tonnes to 8,526 tonnes

Dairibord Holdings Limited, a milk processor listed on the Zimbabwe Stock Exchange (ZSE), has reported that 93% of its sales for the quarter ended 30 September 2023 were denominated in US Dollars. Cum

Delta Corporation, the dominating force in the beverage industry, has achieved a remarkable milestone by surpassing the historic ZWL1 trillion revenue mark during the half year to full year 2024. Thi

EcoCash Holdings Zimbabwe, has announced its return to profitability for the half-year ended 31 August 2023, marking the first half-year profit since 2019. This is also the first time the Group’s reve

n the upcoming week, the world eagerly anticipates the release of crucial economic data and key events from major economies, including the United States, China, Eurozone, Canada, Japan, and the United

In October 2023, Sibanye-Stillwater, a multinational mining company, implemented a restructuring process aimed at reducing costs, which could potentially lead to the loss of over 4,000 jobs and the cl

African Distillers, a manufacturer of spirits and wines listed on the Zimbabwe dollar denominated exchange ZSE, maintained a steady growth rate of 11% in its volumes after achieving the same growth i

As the popular saying goes, a soldier's true worth is often unseen during times of peace within a country. It is only when a devastating attack disrupts the tranquility and threatens human well-being

ZECO, an ailing company listed on the Zimbabwe Stock Exchange and known for its consistent financial losses for over a decade, has underwent a directorate leadership overhaul according to the latest c

Zimplats has committed US$516.8 million in capital projects amid a sluggish PGMs output in the third quarter to September 2023. Zimplats recorded one of the worst output increase averaging 1 to 2% bot

The Zimbabwe dollar maintained its depreciation rate of 0.4% during the latest auction market held on October 31, 2023. This resulted in the massaged currency being traded at a rate of 5718.4090 again

Glencore Private Limited Company experienced a significant decline in production during the third quarter ended 30 November 2023, across several major commodities, with the exception of gold and coal.

Tigere Property Fund, a real estate firm, has reported a total of US$1.27 million in net property income for the nine months ended 30 September 2023 according to the company’s latest trading update.