Zimbabwe

Zimbabwe

RTG records stellar profit growth, as occupancy more than doubles

ZSE-listed hospitality service provider, Rainbow Tourism Group’s (RGT) revenue grew 309% to ZW$21.4 billion, up from ZW$5.2 billion in the comparative period prior year as hotel room occupancy more th

2 weeks ago
Zimbabwe
ZIMPLOW: Barzem Enterprises suffers huge blow, ceases to be the CAT distributor

Harare – Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of agriculture, mining and construction implements, Zimplow Holdings, posted an 11% increase in revenue for the third quarter en

 2 weeks ago
Zimbabwe
Turnall Holdings in 13% revenue jump despite 34% drop in volumes

Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of roofing and building materials, Turnall Holdings, recorded a 13% increase in revenue in inflation-adjusted terms and a 282% surge in h

 2 weeks ago
World
Is Zimbabwe headed toward a technical recession?

According to the International Monetary Fund, other economies are also having difficulties (IMF). However, in terms of economic growth, the UK ranks last within the G7 group of advanced industrial

 2 weeks ago
Zimbabwe
Ushering in the digital age : An analysis of Zim’s internet penetration

According to a cabinet minister, just 50% of Zimbabweans have access to the internet, which worsens and maintains existing economic and social exclusion. Even though internet usage has been rising and

 2 weeks ago
World
RBZ introduces a Collateral Registry.

The Reserve Bank of Zimbabwe (RBZ) has introduced a Collateral Registry as it moves to enhance financial inclusion and increased access to finance through expanding the range of qualifying collateral

 2 weeks ago
Zimbabwe
What does Zimbabwe’s low LDR mean for monetary policy?

The loan-to-deposit ratio (LDR) has remained relatively low for the past three years for Zimbabwean commercial banks averaging 45 percent over the period against an international threshold level of 70

 2 weeks ago
Economic arena remains tough: GB Holdings

ZSE-listed rubber and chemicals manufacturer, General Belting Holdings Zimbabwe Limited lamented the operating environment which continues to be tough, despite government reiterating about growth pro

2 weeks ago
Border Timbers archives impressive profit, despite volumes decline in Q1 FY’23

ZSE-listed concern, Border Timbers’ revenue grew 23% to ZW$2.2 billion, up from ZW$1.8 billion in the comparative period prior year despite volumes sold and production volumes for poles paring 68% and

2 weeks ago
RioZim increases production despite tough conditions.

Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production

2 weeks ago
Old Mutual excludes Zimbabwean earnings

Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for

2 weeks ago

Solace for National Foods as ZSE delisting looms

With a greater capacity to access US dollars with a "dollarized" financial sheet, National Foods will be better able to raise cash. The potential for the VFEX to develop into a regional exchange incre

2 weeks ago

Stanbic Bank Celebrates 30 years of driving Zimbabwe’s growth

Stanbic Bank is this month celebrating 30 years of service provision which has seen the leading financial services institution contributing significantly to the socio-economic growth of Zimbabwe and t

2 weeks ago

Innscor Archives steady volumes growth, despite waning momentum

The Bakery Division experienced a marginal drop in comparison to the comparative quarter. This was propelled by the Russia-Ukraine war which made global wheat prices surge. Recently prices of wheat ha

2 weeks ago

BAT Zimbabwe Sales volumes drop on the back of the scarcity of the local currency

Tobacco Processor, BAT Zimbabwe's financial performance for the nine months ending 30 September was severely influenced by a lack of local currency, which was exacerbated by the government's stringent

2 weeks ago

Lafarge cement sales volumes tumble by 23%

The other factor that led to the low volume of sales and revenue also has to do with the roof collapse the company experienced which suppressed the availability of cement.

2 weeks ago

FMP posts an increase in profit growth.

ZSE-listed company First Mutual Properties posted aminimalistic update for the quarter. Many descriptive statistics and financial line items such as cash generated from operations, and financial perfo

2 weeks ago

Delta Boasts of HY’23 stellar financial performance

ZSE-listed beverages giant, Delta Corporation, released a stellar financial performance for the six months ended 30 September 2022 despite operating in a trading environment characterized by unstable

2 weeks ago

Tigere Property Fund announces inclusive IPO approach

Tigere’s internationally ubiquitous investment security is expected to add some diversity to Zimbabwe’s fragile investment landscape. The Zimbabwean capital markets need depth in terms of scope as the

3 weeks ago