Zimbabwe

Zimbabwe

ZB Holdings sets up insurance unit in Botswana

ZSE-listed ZB Financial Holdings has established a reinsurance subsidiary in Botswana P&C Reinsurance, as part of the group's objective to increase its presence in the area and diversify its sources

Nov 15, 2022
World
Flying Invictus: Volatility surges as Invictus search for Zim gas

There are likely to be further swings in the share price until the drilling and sampling process is completed. The counter’s future prospects clearly lie in the outcome of the exploration across a num

 Nov 15, 2022
World
September Money supply grows 19% to ZW$1,917 billion.

Zimbabwe’s broad money supply (M3) stood at ZW$1,917 billion for the month of September 2022, up 19 percent from the previous month and over 420 percent year on year. Foreign Currency Accounts (FCA) a

 Nov 15, 2022
World
Should Zimbabwe join BRICS?

14 Countries have expressed clear intentions to join The BRICS. Why Zimbabwe is not on this list has stirred some interest in the local economic community. Given close ties with a majority of the memb

 Nov 15, 2022
Zimbabwe
Masimba’s turnover almost doubles in Q3FY’2022

Construction firm listed on the Zimbabwe Stock Exchange (ZSE), Masimba Holdings has recorded a 70% uptick in revenue during the third quarter ended 30 September 2022 driven by improved order book in t

 Nov 15, 2022
Zimbabwe
Foreign currency loan book anchors First Capital’s Q3 earnings

SE-financial services outfit, First Capital Zimbabwe Limited has recorded an 82% uptick in total income to ZW$26 billion during the third quarter ended 30 September 2022 according to the Bank’s latest

 Nov 15, 2022
Zimbabwe
Hope and Despair: Border Timbers shift focus to regional markets

imbabwe Stock Exchange-(ZSE) listed forestry products outfit, Border Timbers Zimbabwe Limited has shifted its growth focus to the regional markets and beyond after productivity flopped in the local ma

 Nov 15, 2022
Fidelity reports stellar performance in Q3’2022

Financial services giant, Fidelity Life Assurance of Zimbabwe has recorded a solid financial performance during the nine months ended 30 September 2022, in an economic environment that was both tumulu

Nov 14, 2022
Caledonia posts record gold production, upbeat on outlook

Mining outfit, Caledonia Mining Corporation Private Limited has posted a record gold production of 21,120 ounces during the third quarter ended 30 September 2022 signalling an 11.4% uptick from 18,965

Nov 14, 2022
Innscor’s robust performance despite monetary loss shooting over 23 000%

Diversified food processor, listed on the Zimbabwe Stock Exchange (ZSE), Innscor Africa Limited  has recorded a robust performance during the full year ended 30 June 2022 despite incurring a massive m

Nov 13, 2022
Policy Fragility: Nat-Foods calls for consumer alleviating policies

Largest food processor listed on the Zimbabwe Stock Exchange (ZSE) , National Foods Limited Zimbabwe says although policies passed by the government during the year have managed to curtail inflationar

Nov 13, 2022

Energy pandemic: Unlocking reforms dilemma in Africa

Despite massive blackouts which are rattling the Sub-Saharan continent from Kenya to South Africa to Nigeria, and Zimbabwe, Africa still boasts with significant untapped fossil and renewable resource

Nov 13, 2022

Sasai Remit partners UK firm to introduce cross-border payment channel

Sasai Remit one of Africa’s leading digital money transfer providers which is a business of Cassava Technologies, Sasai Rehas entered into a strategic partnership with a United Kingdom-based women’s n

Nov 11, 2022

RTG banks on e-commerce as it inks key developmental projects

Zimbabwe Stock Exchange (ZSE) listed hospitality group, Rainbow Tourism (RTG) says it will bank the future business operations online to realise growth. The group which suffered a profit decline of 61

Nov 11, 2022

‘Stable environment’ tunes Nat Foods’ focus to product enhancement, business models optimisation in FY2021

Harare - Diversified agro-industrial concern, National Foods Holdings Limited has commended the more stable environment for allowing them to increase focus on enhancing their product portfolio and opt

Nov 11, 2022

Value not yet added: raw minerals dominate Zim exports

Value addition and beneficiation of minerals ended as a dead rubber in 2021 as raw minerals continued to define the country’s exports. Raw minerals led the exports for December 2021 according to the l

Nov 11, 2022

Steward Bank’s PAT soars 158%

Harare - Zimbabwe’s largest bank by depositors, Steward Bank recorded a 158% surge in profit after tax to ZWL255 million during the half year ended 31 August 2021 from ZWL211 million recorded during t

Nov 11, 2022

Dairibord invests US$3.5m to ramp up ice-cream, cartonised beverages production

Harare – Listed milk processor, Dairibord Holdings has invested US$3.5 million to boost the production of ice-cream, improving production portfolio mix and margin performance going forward, the Group

Nov 11, 2022

Russia-Ukraine war knocks hard on Zimbabwe fuel prices

Harare - Zimbabwe Energy Regulatory Authority (ZERA) has reviewed fuel prices upwards barely a week after another fuel price hike as global oil prices continue to soar in the wake of Russia-Ukraine wa

Nov 11, 2022