Companies

Companies

AXIA’s DGA Segment Sustains Sluggish Performance in Q3 FY2025

Axia Corporation Limited's Distribution Group Africa (DGA) segment has sustained a sluggish performance in the third quarter of FY2025, ended March 31, 2025, compared to the same period last year, whi

May 22, 2025
Companies
Simbisa Brands Completes 100% Paper-Based Packaging Initiative

imbisa Brands Limited, Zimbabwe's leading quick-service restaurant group, has fully transitioned to 100% paper-based packaging across its 722 outlets according to the company Q3 2025 trading update.

 May 22, 2025
Companies
African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

 May 21, 2025
Companies
Khayah Cement to Go Private as Creditors Back Delisting, Fossil Mining Exit Looms

Khayah Cement creditors have approved a plan to delist the company from the Zimbabwe Stock Exchange, a move that sets the stage for majority shareholder Fossil Mining to potentially exit its investmen

 May 21, 2025
Companies
Padenga Sets High Bar in Q1'25: Eureka Upgrades Drive Gold Production, Efficiency

Padenga Holdings Limited, Zimbabwe’s largest listed gold producer, has begun FY2025 with a robust performance, demonstrating resilience and growth in both its gold mining and agricultural divisions.

 May 21, 2025
Companies
RTG Completes Hotel Refurbishments for US$1 Million in Q1 2025

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has invested 1 million in the first quarter of 2025 for hotel refurbishments according to its latest trading update.

 May 20, 2025
Companies
CAFCA Reports 72% Profit Decline Despite 76% Revenue Surge

CAFCA, the only listed cables manufacture has reported a steep 72% decline in profit after tax for the half-year ended 31 March 2025, falling to ZWG15.7 million from ZWG58.2 million in the same period

 May 20, 2025
NMB to Launch Enhanced Mobile Banking Application, Posts Robust Q1 Performance

NMB Bank is set to launch an enhanced mobile banking application for corporate and individual clients in the second quarter of 2025, aiming to elevate customer experience and drive fintech innovation,

May 19, 2025
Government's Late Payments Weigh on Masimba's Q1 Performance

Construction firm Masimba Holdings, listed on the Zimbabwe Stock Exchange (ZSE), has recorded a 43% decrease in revenue to $8.1 million for the first quarter ended March 31, 2025, from $14.3 million i

May 19, 2025
BAT Q1 Results: Hopeful Outlook Despite Sluggish Start

British American Tobacco (BAT) Zimbabwe, a prominent player listed on the Zimbabwe Stock Exchange (ZSE), kicked off fiscal year 2025 with a sluggish performance in the first quarter. The company repor

May 16, 2025
ZECO’s  Occupancy Rate Slumps to 47%  in Q1: Anticipates Recovery Just Like All Laggards

Zeco Holdings, a perennial loss maker has seen yet another sluggish start to FY2025 with occupancy rate declining, despite a shift to real estate in 2022. Despite the sector offering solace to investo

May 16, 2025

Turnall’s Production Declines in Q1 25, Plans Resizing for Efficiency

Turnall Holdings, a Zimbabwe-based manufacturer of fibre cement roofing products, pipes, and concrete tiles has reported a 18% decline in production for the first quarter of 2025, producing 7,357 tonn

May 15, 2025

FBC Holdings Starts 2025 on Firmer Note, Loan Base Surpasses 9 Billion

FBC Holdings, one of the leading financial services provider has reported a loan base of ZWG 9.56 billion in the first quarter (Q1) of 2025, supporting the strong asset base of ZWG 19.9 billion. The

May 15, 2025

Independent Retailers Fuel Afdis’s FY 2025 Sales Volumes Growth

The Zimbabwe Stock Exchange-listed wine and spirits manufacturer, African Distillers (Afdis), has recorded a 15% volume growth for the financial year ended 31 March 2025, according to its latest finan

May 15, 2025

ZB Financials Launch Innovative Digital Payment Solutions: How They Compare to Existing Ones

ZB Financial Holdings, a prominent financial services provider in Zimbabwe, has launched two innovative digital payment solutions: Smile Cash, a digital wallet, and Smile & Pay, a payment gateway desi

May 15, 2025

New Leasing at Pomona Commercial Centre Drives Mash Holdings Q1 Revenue to US$2 Million

Mash Holdings , a leading real estate investment and development company  has recorded a 24% increase in revenue to US$1.7 million for the first quarter ended 31 March 2025 from US$1.4 million  in the

May 14, 2025

Dairibord’s Exports Surge 36% in Q1, USD Dominate Sales at 95%

Largest milk processor, Dairibord Zimbabwe Limited’s export performance in Q1 2025 shone brightly, with a 36% year-on-year surge, underpinned by an 8% increase in raw milk intake to 9.95 million liter

May 14, 2025

Cassava Technologies Partners Zindi to Bring AI Innovation,GPUaaS to Africa

Cassava Technologies, a global technology leader with African roots, has signed a Memorandum of Understanding with Zindi, Africa’s largest professional network for data scientists, to deliver transfor

May 13, 2025

Tigere’s Net Property Income Surges to Half a Million in Q1 25

Tigere Property Fund , a real estate firm listed on the Zimbabwe Stock Exchange (ZSE) has recorded a total of US$535 632 in net property income for the first quarter ended 31 March 2025 from US$ 376 4

May 13, 2025