Companies

Zimbabwe

Caledonia Halts Bilboes Operations

Mining firm, Caledonia Mining Corporation has halted the Bilboes Mine operations as the project is not generating sufficient revenues or cash flows to justify its continuation. The halt is effective O

Jul 24, 2023
Zimbabwe
Corporate Action Summary

Turnall Holdings Limited announced the appointment of Mrs. Constance Chakona and Mr. Desai as Non-Executive Directors of the Company with effect from 01 August 2023. Constance is a Chartered Accountan

 Jul 24, 2023
World
Datvest: Withstanding hardships yet optimistic about the potential for future gains

Datvest ETF offers exposure to leading consumer staples counters  After running for 10 months inflation-adjusted losses hit ZWL$343 million Datvest remains in a robust position, with ZWL$328 million i

 Jul 24, 2023
World
Phoenix Rising: Disco Lights Up Zimbabwe's Steel Industry, Shattering ZISCO's Gloom

The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay

 Jul 24, 2023
Companies
Econet Unveils New Offerings

Econet Wireless Zimbabwe Limited, the largest telecommunications company in Zimbabwe by market capitalisation, is currently implementing a virtualized core network as part of its digital transformatio

 Jul 24, 2023
Companies
Meikles Limited Expands Property Portfolio

Diversified retail outfit, Meikles Limited Zimbabwe has expanded its property portfolio in the full year to 28 February 2023 after the completion of various projects. Meikles Limited, which is into re

 Jul 21, 2023
Companies
Inadequate Face Advances Hamper Gold Production

Caledonia Mining Corporation, listed on the US-dollar denominated bourse, Victoria Falls Stock Exchange (VFEX), reported a 9% decline in production during the second quarter ended June 2022, with gol

 Jul 17, 2023
Ecocash’s Mobile Money Grows 8-Folds

EcoCash Holdings Limited, a diversified technological group has posted an eight-fold increase in transaction values on its latest introduced US Dollar mobile money platform during the first quarter en

Jul 17, 2023
Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

Jul 17, 2023
BNC Anticipates Recovery in 2024

Mining firm listed on the Victoria Falls Stock Exchange (VFEX) Bindura Nickel Corporation (BNC) is set to bounce back to profitmaking in FY2024 after incurring a net loss of US$18.5 million in FY2023.

Jul 17, 2023
Beta Bricks Sets Lofty Production Target

One of the leading bricks manufacturer, Beta Bricks Limited will start producing 18-24 million bricks this year when it fully commissions the Steele 90 plant in Melfort which is in the last stages of

Jul 17, 2023

Accelerate Property Fund Lowers Distribution Guidance by More Than 15%

In the trading update, Accelerate said it now expects its distribution per share for the year ending 31 March 2023 to be more than 15% lower than the previous year's distribution. The company cited th

Jul 12, 2023

Choppies' Kamoso Acquisition to Boost Liquor Sales, Hardware Growth and Supply Chain Efficiencies

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

Jul 12, 2023

Border Timbers Receives Acquisition Offer

Border Timbers Limited has received a Zimbabwean forestry company, has received an offer from Cicada Plantations Zimbabwe (CPZ), an agricultural entity, to acquire 100% of the issued share capital of

Jul 11, 2023

Zimplow Bids Farewell with ZSE

Diversified agricultural concern, Zimplow Holdings Limited's shares will lastly trade on the Zimbabwe Stock Exchange (ZSE) today and it will be listed on Friday on the US dollar-denominated bourse, VF

Jul 10, 2023

Corporate Action Summary

Padenga issued a Cautionary Statement on the 7th of July, 2023, further to the statement issued on the 16th of June, advising stakeholders that the company is still in negotiations on the re-organizat

Jul 10, 2023

Zimplow's Strategic Repositioning: ZSE-Delisting Date Announced

Zimplow Holdings Limited has announced that it will be delisting from the Zimbabwe Stock Exchange (ZSE) on July 12, 2023, followed by its listing on the US Dollar-denominated Victoria Falls Stock Exch

Jul 07, 2023

RTG Eyes Strategic Acquisition

Hospitality concern, Rainbow Tourism Group (RTG) is eyeing a strategic acquisition to expand its business and enhance shareholder value. In a cautionary statement, the Group said the acquisition inv

Jul 07, 2023

From Cows to Cash: Dairibord’s Epic Story of a Bullish Outlook

Dairibord Zimbabwe Limited, the largest milk processor listed on the Zimbabwe Stock Exchange, has made a bullish outlook based on recent investments that are expected to boost production and enhance p

Jul 06, 2023