Companies

Companies

Zambeef Posts Mixed Results Amid Macroeconomic Headwinds

Zambeef Products, Zambia’s largest agro-industrial firm, reported mixed results for the half year ended March 2023 as a result of difficult operating environment characterised by currency volatility a

Jul 03, 2023
Companies
Khayah Cement Braces ZWL17 Billion in Net Loss

Khaya Cement, formerly Lafarge Cement Zimbabwe, has incurred a significant after-tax loss of ZWL17 billion for the full year ended 31 December 2022.  The reduced profitability was attributed to depre

 Jun 30, 2023
Companies
Willdale's Monetary Loss Spurs Tech Adoption Drive

Bricks maker, listed on the Zimbabwe Stock Exchange (ZSE) Willdale Limited Zimbabwe has posted a net monetary loss of ZWL 562.78 million during the half-year ended 31 March 2023 as currency conundrum

 Jun 30, 2023
Zimbabwe
Hippo Valley Estates Limited granted 99-year leases for land in Zimbabwe's Lowveld

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 30, 2023
Zimbabwe
ZSE-Listed Companies' Reporting Delays: Is It Economic Madness or Technical Deficiency

The Zimbabwe Stock Exchange (ZSE)- listed sugar maker, Star Africa Corporation has delayed the publication of full-year results for the 12 months to March 2023 according to a circular released by the

 Jun 30, 2023
Zimbabwe
OK Zimbabwe Modernizes Operations with ERP Implementation

The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has delayed the publication of its financial statements for the fiscal year ended 31 March 2023 due to the implementation of a new Enterpris

 Jun 29, 2023
Zimbabwe
Walking a Tight Rope: Imports Duty Impasse Dents Hippo Valley

Local Sugar producer, Hippo Valley Estates has experienced a drop in local sales following the government's suspension of duty on sugar imports according to the Company’s financial results for the ful

 Jun 29, 2023
Liquid Intelligent Technologies Zambia reports strong revenue growth

The Zambian unit of Pan African group Liquid Intelligent Technologies has reported a sharp growth in revenue for the financial year 2023. The subsidiary reported a double-digit growth of 18% in total

Jun 29, 2023
Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows

Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows Windhoek - The hydrocarbon sector is poised to become the leading driver of foreign direct investment (FDI) inflows into Namibia

Jun 28, 2023
Namibia :Recovery Ignites Economy but Rates Threaten Gains

Windhoek - Namibia’s economy expanded by 5% in the first quarter of 2023 compared to the same period last year, showing signs of recovery after two years of recession brought on by COVID-19. The finan

Jun 27, 2023
Corporate Action Summary

CBZ Holdings Limited announced that it will hold the 31st Annual General Meeting (AGM) of its shareholders on Friday, the 21st of July, 2023, at 1600 hours via the virtual platform, https://polling.ft

Jun 26, 2023

Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w

Jun 26, 2023

South African Rand Falls on Global Growth Worries Due to Interest Rate Hikes

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 23, 2023

Mr Price Posts 6% Fall in Annual Profit Amidst Inflationary Pressure and Power Cuts

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 22, 2023

Proplastics’ US Dollar Revenue Hits 70% Despite Depressed Output

Plastics products manufacturer and distributor, Proplastics Limited has recorded a surge in US dollar-denominated revenue of 70%, compared to 30% in Zimbabwe dollar terms as the economy continues to s

Jun 21, 2023

ART Holdings Weighs VFEX Listing as Currency Continues Rat and Mouse Chase

The Zimbabwe Stock Exchange (ZSE)- listed diversified outfit, Amalgamated Regional Trading Holdings is considering listing on the United States dollar-denominated bourse, Victoria Falls Stock Exchange

Jun 21, 2023

Why the Namibia Stock Exchange is Ready to Take Off

Why the Namibia Stock Exchange is Ready to Take Off The Namibia Stock Exchange (NSX) is ready to ascend to new heights after being admitted as a full member of the World Federation of Exchanges (WFE)

Jun 20, 2023

ZSE Loses its Status as a Safe Haven for Currency Hedge as Inflationary Pressures Worsen

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 20, 2023

PPC Zimbabwe: Overcoming Challenges and Poised for Growth in Zimbabwe's Cement Sector

According to the update, PPC Zimbabwe's sales volumes declined by 16% compared to the same period last year due to planned kiln maintenance shutdowns in the first half of the financial year and freque

Jun 20, 2023