Companies

Zimbabwe

South Africa Beats the Odds: Inflation Surges Higher Than Expected In February

South Africa's headline consumer inflation has risen slightly higher than expected in February, according to data released by Statistics South Africa. Year on year, inflation grew by 7.0% from 6.9% in

Mar 23, 2023
World
TSL Revenue Soars as Expansion Initiatives Pay Off

TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th

 Mar 21, 2023
Zimbabwe
Silver Bullet for Zim Companies: Co-Working Model

he central business area (CBD) of Harare is losing businesses due to high rents, parking fees, and the bad condition of several buildings. As a result, many small and medium-sized businesses are now o

 Mar 21, 2023
Zimbabwe
ZB Financial Holdings Secures a Controlling Stake in Mashonaland Holdings

Zimbabwe Stock Exchange-listed financial outfit, ZB Financial Holdings (ZBFH) has increased its investment portfolio by increasing its stake in ZSE-listed Mashonaland Holdings. ZBFH says it now holds

 Mar 20, 2023
Zimbabwe
Forex Backlog Dampens Axia’s Restapedic Efficacy

The diversified retailer listed on the US dollar denominated bourse Victoria Falls Stock Exchange,  Axia Corporation Limited has succumbed to delayed disbursement of foreign currency on the auction ma

 Mar 20, 2023
Zimbabwe
E-Livestock Global in Zimbabwe Sets Out Ambitious Expansion Aspirations For its Agri-Focused Data Platform

The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geo

 Mar 20, 2023
Zimbabwe
First Capital Bank ducks ZSE, eyes VFEX

Harare - FIRST Capital Bank Limited has announced plans to delist from the Zimbabwe Stock Exchange with the intention to list at the Victoria Falls Stock Exchange (VFEX). The recent removal of the 100

 Mar 20, 2023
CORPORATE ACTION SUMMARY

CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the

Mar 20, 2023
The Jewel of Africa: How Zimbabwe Can Usher in a Gargantuan Economic Boom

To attract cell manufacturers, the government should establish a fast-track process for permitting and land leasing; make loans, grants, and guarantees to overcome capital limitations; and encourage a

Mar 20, 2023
Conflict Brewing: CZI and ZETDC Face-off as Power Charges Surge

The Confederation of Zimbabwe Industries (CZI) has suggested that US dollar electricity billing should be adjusted according to the ratio of foreign currency sales, as businesses have different mixes

Mar 16, 2023
The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

Mar 15, 2023

The Chinese Economy Continues to Rebound After the Covid-19 Restrictions Were Lifted

China the world’s second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid-19-induced lockdowns and subsequent widespread infections in most Chinese

Mar 14, 2023

How Zimbabwean Organizations Can Flourish in a Dynamic World

We might utilize augmented reality (AR), as used by Walmart, to visualize how garments would fit on our own bodies, or we might use virtual changing rooms to customize avatars of ourselves, as already

Mar 14, 2023

Power Challenges in South Africa Dampen Multi-choice’s Performance

Multichoice, which last week announced a major deal with NBC Universal and Sky relating to its streaming business, Showmax, has painted a gloomy outlook for the 2023 financial year

Mar 14, 2023

Mosi Oa Tunya Cigars Set to Expand Foothold in the Upscale Cigar Market

Mosi Oa Tunya Cigars is the country's first homegrown brand of hand-rolled cigars. To develop a foothold in the upscale cigar market, Bongani Cigars, another recent entry from the region, will have to

Mar 13, 2023

CORPORATE ACTION SUMMARY

CFI issued a notice to shareholders and other relevant stakeholders with regards to the 27th Annual General Meeting (AGM) of the Company. The AGM will be held at 11:00 am on Friday the 31st of March,

Mar 13, 2023

CTC Applauds Government's 'Game-Changing' Mergers for 2022

The Competition and Tariff Commission (CTC) reported an impressive 24 merger deals worth a total of US$1 billion in 2022, directly attributing the figure to the government's policies that encouraged a

Mar 09, 2023

AXIA Debuts on VFEX, Buttresses Market Capitalization

Axia Corporation Limited debugged on the Victoria Falls Stock Exchange (VFEX) on Monday, the 6th of March, 2023. This follows the delisting of the counter from the Zimbabwe Stock Exchange (ZSE) on the

Mar 08, 2023

New Scramble for Africa: Geo-political Rivalry Russia vs USA

The Russian government has donated 20,000 tons of fertilizer to Malawi as part of its efforts to garner diplomatic support from various African nations. Malawi voted to censure Russia at the United N

Mar 07, 2023