Companies

Companies

Shocking Power Costs: Nat Foods Bites Bullet, Forfeits over US$25M, Eyes Solar Saviour

National Foods Harare- National Foods Zimbabwe Limited, a subsidiary of Innscor Africa, has incurred a significant cost of US$25.7 million during the six months leading up to December 31, 2023, acco

Mar 22, 2024
Companies
Caledonia Bolsters Leadership Team Ahead of Gold Race

Harare- Caledonia Mining Corporation, the second-largest gold producer listed on the Victoria Falls Stock Exchange, has announced a significant executive board appointment according to its latest circ

 Mar 20, 2024
Zimbabwe
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) announced the trade halt of Truworths Limited shares on the bourse effective 07 March 2024 after the Company applied for voluntary suspension of its securities from t

 Mar 11, 2024
Zimbabwe
Truworths Succumbs to Informal Traders, Seeks Recapitalization

Truworths Zimbabwe Limited published the set of financial results for its full-year ended 09 July 2023 almost 8-months later on the 1st of March 2024. The results reflected a sharp decline in volumes

 Mar 06, 2024
Companies
Truworths Battles Cheap Imports, Currency Woes, Faces Sales Decline

Truworths Limited, a clothing retailer facing significant survival challenges, experienced a 33% decline in traded volumes for the fiscal year ended 9 July 2023. However, it is important to note that

 Mar 05, 2024
Zimbabwe
Corporate Action Summary

Bridgefort Capital Limited issued a Cautionary Statement on the 1st of March 2024, announcing that the company is in the later stages of concluding the acquisition of Diaspora Kapita (Proprietary) Lim

 Mar 04, 2024
Companies
Simbisa Scales Up Operations

Simbisa Brands, a well-known quick-service restaurant group, has expanded its footprint across the region by acquiring the Eswatini business which was previously a franchisee and further franchised it

 Mar 01, 2024
ZINARA Registers Revenue Growth, Clears Air on Road Rehabilitation

On the 28th of February, 2024, the Zimbabwe National Roads Administration (ZINARA) held a press conference for an operational review of the full-year 2023 to 31 December 2023. The parastatal alluded t

Feb 28, 2024
BNC in Historic Zero Production Record

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

Feb 28, 2024
CFI Maize Meal Volumes Augment Amidst El Niño-Induced Drought

Glenara Estates, another subsidiary of CFI Holdings Limited, witnessed an impressive doubling of its potato harvest during the quarter. The harvest yielded 2,989 tonnes, compared to 1,468 tonnes in th

Feb 26, 2024
Corporate Action Summary

TN Asset Management (Pvt) Ltd as the Portfolio Manager, along with the trustees of the Morgan & Co Multi-Sector (MCMS) ETF, declared a dividend of 0.0437 US$ cents per unit payable in respect of the q

Feb 26, 2024

ZIDA Launches Investor DIY Portal, Seeks to Improve Ease of Doing Business

Zimbabwe Investment and Development Agency (ZIDA) has launched an Investor Do-It-Yourself (DIY) electronic portal in a bid to improve the ease of doing business in Zimbabwe, the Chief Executive Office

Feb 22, 2024

Prices Up - Volumes Down, OK Zim Sails in Murky Waters

In a Trading Update for the third quarter ended 31 December 2023, OK Zimbabwe Limited alluded that its overall trading volumes dwindled by a staggering -28% against corresponding period in the prior y

Feb 20, 2024

ART's Quarterly Volumes Decline Again, Faces an Unstable Outlook

Amalgamated Regional Trading Holdings Limited (ART), recorded an overall volumes slump of 9% due to worsening economic headwinds which impacted raw material availability, higher operating costs and li

Feb 19, 2024

Corporate Action Summary

Tanganda Tea Company announced that it will hold its 94th Annual General Meeting (AGM) at 0900 Hours on Thursday, 7 March 2024, at the Country Club, 1 Brompton Close, Newlands, Harare. The Company als

Feb 19, 2024

Corporate Action Summary

Amalgamated Regional Trading (ART) Holdings Limited will hold its 22nd Annual General Meeting of shareholders virtually on Thursday, 07 March 2024 at 1430 Hours.

Feb 12, 2024

CAFCA Volumes Up, Leverages on Currency Market

CAFCA Limited achieved a 3% growth in conductor tonnes sold from 559 tonnes in the corresponding period last year to 573 tonnes in the first quarter of its 2024 financial year, according to a Trading

Feb 09, 2024

VFEX to Gain a Clothing Retailer as Edgars Contemplates Migration

Zimbabwe Stock Exchange (ZSE) listed clothing retailer, Edgars Stores Limited, announced through its new secretary that it is considering migrating to Victoria Falls Stock Exchange (VFEX), pending app

Feb 08, 2024

Multichoice's Calculated Move: Can Showmax Stand Netflix’s Supremacy?

Multichoice, a leading African broadcasting company recently made headlines with its strategic move to increase funding for its streaming platform, Showmax. This move comes in response to the growing

Feb 06, 2024