Companies

Companies

Zambia Sugar’s Expansion Bet Comes at a Cost as Profit Falls 65%

Zambia Sugar PLC, the Lusaka Securities Exchange-listed producer and the dominant supplier in Zambia's sugar market, reported profit after tax of K273.247 million (USD 15.350 million) for the six mont

1 day ago
Companies
World’s Best-Performing Currency Swings ZAMEFA Into a 33.3 Million H1 Loss

Metal Fabricators of Zambia PLC, the Lusaka Securities Exchange-listed copper cable and wire manufacturer, reported a loss before income tax of ZMW 43.775 million (USD 2.459 million) for the six month

 1 day ago
Companies
Zimbabwe's Bigest Bank Profit Falls 33% as Fee Income Model Comes Under RBZ Pressure

CBZ Holdings Limited, Zimbabwe’s largest financial services group by assets and deposits, reported profit after tax of ZWG 361.34 million for the first quarter ended 31 March 2026, a 32.8% decline fro

 May 25, 2026
Companies
The New Gold Standard: Harare Bars Foreigners From Small-Scale Gold Mining

Zimbabwe gold, small-scale mining, foreign mining ban, citizen empowerment, gold smuggling, Fidelity Gold Refinery, mining policy, Polite Kambamura, US$15m threshold, resource nationalism

 May 24, 2026
Companies
NMB vs First Capital: What Q1 Results Reveal About Two Different Banking Strategies

NMB Holdings, has reported profit after tax of USD 8.34 million for the first quarter ended 31 March 2026, against USD 2.52 million in Q1 2025, a 231% increase according to the latest trading update.

 May 21, 2026
Companies
First Capital’s Deposit Base Surges as Customer Confidence Deepens

First Capital Bank has reported total income of USD 23 million for the first quarter ended 31 March 2026, a 20% increase on the prior year according to the latest trading update. Customer deposits gr

 May 21, 2026
Companies
What Do ZB’s Q1 Results Say Against Other Banks?

ZB Financial Holdings’ reported first quarter 2026 results have seen a divergent performance across its four core revenue streams, characterised by both growth and declines. Commissions and fees grew

 May 21, 2026
Zimplow Returns to Profit in Q1 2026, First Since 2023

Zimplow Holdings Limited,  Zimbabwe’s largest diversified engineering and agro-industrial groups, has returned to profitability in the first quarter ended 31 March 2026, recording a pre-tax profit of

May 20, 2026
Axia’s Pricing Power Drives Q3, Revenue Outruns Volumes Across All Units

Axia Corporation has recorded revenue growth across every metric in the third quarter for the period ended 31 March 2026 which exceeded volume growth. Without exception, in every market, in every prod

May 19, 2026
Eagle REIT Profit Jumps 1,100% as Mazowe Walk Opens at 93% Occupancy

Eagle REIT has recorded a profit of USD 213,936 for the first quarter ended 31 March 2026, against USD 17,828 in Q1 2025, a growth rate of approximately 1,100%, a more than tenfold increase in a singl

May 19, 2026
ZECO’s Occupancy Push Hits Revenue Wall, Q1 Sales Slip

ZECO’s retail property portfolio occupancy rate has rose to 55.88% in the first quarter ended 31 March 2026, up from 46.67% in the corresponding period last year, a 921 basis point improvement. This r

May 19, 2026

Simbisa’s Big Run: US$85 Million Revenue Growth Faces Margin Test

Simbisa Brands, Zimbabwe's largest quick service restaurant operator, closed the third quarter of 2026 financial year with group revenue of US$85.3 million, up 23% year on year, driven by a 14% increa

May 18, 2026

WestProp’s 80% Revenue Jump Faces Profit Conversion Test: Tax Consumes Half of Incremental Profit

WestProp Holdings Limited has reported revenue of USD 8.06 million for the first quarter ended 31 March 2026, an 80.2% increase on the USD 4.47 million recorded in Q1 2025, with net profit reaching US

May 18, 2026

The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge

Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al

May 18, 2026

First Mutual's Profit More Than Doubles as Malawi and Funeral Services Scale

First Mutual Holdings Limited has reported profit growth of more than 100% for the first quarter ended 31 March 2026, rising from US$1.38 million to US$2.95 million, driven by insurance contract reven

May 18, 2026

Turnall Commissions New Fibre-Cement Plant, Swings to Positive Operating Cash Flow

Turnall Holdings Limited has commissioned a new fibre-cement sheeting plant in Harare, successfully bringing the facility into commercial operation on 15 March 2026, in what the company describes as a

May 17, 2026

Fidelity Life Profit Doubles as Funeral Services, Malawi Operations Scale

Fidelity Life Assurance of Zimbabwe, operating under the FLA Group, has reported profit of US$2.95 million for the first quarter ended 31 March 2026, more than doubling from US$1.38 million in the sam

May 15, 2026

Dairibord Q1 Volumes Jump 26%, Chipinge Steri Plant Unlocks Capacity

The dairy and beverages group's strongest quarterly volume performance in recent periods reflects deliberate capital investment made in prior quarters. The 40% export decline made to service domestic

May 15, 2026

Mash Holdings Lifts Operating Profit 20% as Occupancy Rises, Two Major Development Projects Break Ground

Mashonaland Holdings Limited has reported an 8% increase in revenue to US$1.86 million and a 20% increase in operating profit before fair value adjustments to US$879,222 for the quarter ended 31 March

May 15, 2026