Companies

World

Zimplow Sales Surge Amidst Profitability Challenges

Zimplow's sales of goods, reached an impressive ZWL44.7 billion  Zimplow achieved a gross profit margin of approximately 46.54% Zimplow is now making significant strides towards acquiring a 49 percent

Oct 07, 2023
World
Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop

MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion  MetBank's profitability was primarily driven by a fair value gain on investment prop

 Oct 07, 2023
World
Zimbabwe Sparkles As it Secures 7th Place in Global Diamond Mining

Harare - In the global diamond mining landscape, Zimbabwe claimed a notable position, ranking 7th in both rough diamond production measured in carats and diamond production by value. In 2022, Zimbabwe

 Oct 07, 2023
Companies
Up in Smoke: BAT Hit Hard by Zim Dollar Crisis

Cigarette maker and distributor, British-American Tobacco (BAT), has reported a half-year loss for the period ended 30 June 2023. This loss is particularly significant as it has doubled from the previ

 Oct 03, 2023
World
Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global Market

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the

 Oct 03, 2023
World
Extractive Sector Boom Driving Zim's Electricity Needs

Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift

 Oct 03, 2023
Zimbabwe
Corporate Action Summary

Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, e­ffective 01 July 2022, there has

 Oct 02, 2023
Post Kingdom Crisis: African Sun Shelves US$1 Million HY Loss

Africa Sun Limited (ASUN), a hotelier listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss of US$1.8 million for the half-year period ended 30 June 2023. This was primarily attributed to t

Oct 02, 2023
Exchange Losses Impede Dairibord's Profitability

pologies for the error. Dairibord Zimbabwe Limited, the largest dairy products processor listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss after tax of ZWL4 billion for the six months e

Oct 02, 2023
Hippo Valley Fights Unfair Competition Amidst Downturn in Market Share

Total sugar produced during the 5 months to August 2023 dropped by 9% to 66,319 tons Local sales have experienced a decline of 12% Upcoming months will be crucial for Hippo Valley as rainfall patterns

Sep 29, 2023
Unifreight's Financial Woes: High Finance Costs Take Toll on Profits

Unifreight Africa Limited, a transportation and logistics company, has reported a half-year loss for the period of six months ended 30 June 2023, as stated in the latest financial results of the Group

Sep 27, 2023

Padenga Scales Up HY Production

Padenga Holdings Limited, a diversified company listed on the Zimbabwe Stock Exchange, reported an increase in its gold and crocodile volumes output during the six months that ended on June 30, 2023.

Sep 26, 2023

Govt's Growing Grip on Cottco: Can They Turn Tide, or Sink Ship?

Cottco Holdings Limited has announced in its trading update for the year ending August 31, 2023, that the government is edging closer to obtaining an additional controlling stake in the company. Prese

Sep 25, 2023

Corporate Action Summary

The Board of Directors of Mashonaland Holdings Limited declared an interim dividend of USL128 414, amounting to 0.00761 US cents per share, and ZW$258 980 496, amounting to ZWL0.1535 per share in resp

Sep 25, 2023

First Mutual Properties Commits Circa Half Billion for Property Refurbishment

First Mutual Properties Holdings Limited, a real estate investment and property development company listed on the Zimbabwe Stock Exchange (ZSE), invested ZWL445.8 million in enhancing the quality of i

Sep 22, 2023

From Plastics to Plugs: Proplastics Set Sights on Solar Energy

Proplastics Limited Zimbabwe has set its sights on installing a significant solar generation project. The main objectives of this endeavour are to increase the availability of power supply, reduce ope

Sep 22, 2023

CBZ Holdings’ Income Beats 1 Trillion, Monetary Loss Doubles

CBZ Holdings Limited has achieved a substantial total income of ZWL1.2 trillion during the six months to June 2023, a significant leap from ZWL448.6 million in the same period of the previous year des

Sep 22, 2023

Zimbabwe Operations Propel PPC's Performance

PPC Limited has reported a 3% growth in sales volumes for the five months leading up to August 31, 2023, as stated in the company's latest trading update. This positive performance was primarily drive

Sep 22, 2023

Contract Farming Drives TSL’s Q3 Performance

TSL Limited, an agricultural and logistics Group listed on the Zimbabwe Stock Exchange (ZSE), has achieved a strong performance in the third quarter ended 31 July 2023. Both the volumes handled and pr

Sep 19, 2023