Companies

Zimbabwe

Unifreight Downplays Ncube’s Tax Exemptions on Basic Goods

ransport and logistics Company, Unifreight Zimbabwe Limited says the recent measure put by Finance and Development Minister, Professor Mthuli Ncube that except 11 basic goods from paying tax is a disr

May 18, 2023
Companies
Blackouts Dampen GB Holdings’ Volumes Growth

Rubber and Chemicals producer, General Beltings Holdings Limited recorded volumes decrease across all units during the three months to March 2023 due to depressed power supplies which curtailed produc

 May 18, 2023
Companies
Depressed Consumer Spending Curtails BAT’s Growth Efficacy

One of the leading tobacco companies, British-American Tobacco (BAT) has recorded volumes decline during the first quarter ended 31 March 2023 due to depressed consumer spending. Overall volumes decl

 May 18, 2023
Companies
Lafarge ( Khayah Cement) Rebounds to Growth Trajectory

Following a series of dampened productivity and decreased sales since the first quarter of 2022, Cement maker, Lafarge Cement Zimbabwe has finally posted volume growth for the first quarter ended 31 M

 May 17, 2023
World
USA-South Africa Tensions, Power Crisis, Rattles Rand Performance

Following the accusations that South Africa’s government supplied weapons to Russia by the United States, Rand’s performance has been dismal.  After the accusations, the Rand flopped to trade at 19

 May 16, 2023
Zimbabwe
Zimbabwe Dollar, a Curse for Property Markets: First Mutual Properties

First Mutual Properties a subsidiary of First Mutual Holdings which specialises in the development and management of commercial properties says the rapid depreciation of the local currency remained a

 May 16, 2023
Companies
MTN's Plan to Revolutionize Internet Connectivity in Africa

However, there are challenges that must be overcome to ensure the success of these initiatives. One of the biggest challenges is the lack of regulatory frameworks and policies that support the growth

 May 16, 2023
Trading Halted: Stock Market Comes to a Standstill on Monday

Trading was suspended because investors were trying to grab any shares they could get their hands on in response to the depreciating local currency, against the greenback.

May 16, 2023
ZB Financial Holdings Anticipates a Challenging Economic Outlook

ZB Financial Holdings, a Zimbabwe Stock Exchange (ZSE)- listed entity says it expects the operating environment to remain volatile in the outlook due to high interest rates, exchange rates volatility

May 16, 2023
FBC Holdings Shelves ZWL49 Billion in Total Income

The diversified ZSE-listed entity, FBC Holdings Limited has shelved ZWL49 billion in total income during the first quarter ended 31 March 2023. The development comes after the Reserve Bank of Zimbabw

May 16, 2023
Zimbabwe's Power Predicament Gets a Respite on Account of Hwange Unit 8 and Kariba

As we eagerly anticipate the synchronisation of Hwange Unit 8 tomorrow, which will augment the combined output from Unit 7 and 8 to 600 megawatts, the Kariba Hydro-Power Station has exponentially incr

May 15, 2023

Zimbabwe's Power Predicament Gets a Respite: Hwange Unit 8 to Sync on Tomorrow, Augmented by Kariba a 260% Output Surge, but the Relief is Fleeting!

As we eagerly anticipate the synchronisation of Hwange Unit 8 tomorrow, which will augment the combined output from Unit 7 and 8 to 600 megawatts, the Kariba Hydro-Power Station has exponentially incr

May 15, 2023

Rare Earth Element Bonanza in Zambia: Prospect Resources secures Option for 51% in prospective REE project

The Kesya Project includes a large-scale exploration license where previous geological mapping and sampling has identified a large rare earth element (REE)-enriched carbonatite intrusion. Rock chip sa

May 15, 2023

Lower Gold Output Slashes Caledonia’s Q1 Revenue

Gold mining giant, Caledonia Mining Corporation has recorded a 16% revenue decrease to US$29.4 million during the first quarter to full year 2023 from US$35.1 during the comparative first quarter peri

May 15, 2023

Lucara's Underground Challenge: Early Delays and Diamond Pricing Woes Test Expansion Vision at Karowe

According to GlobalData, Botswana is the world's second-largest producer of diamonds, with output of 24,810kct in 2022, up by 8% on 2021. Over the five years to 2021, production from Botswana decrease

May 15, 2023

BDC Records Growth in Half-Year Earnings

The Botswana Development Corporation Limited (BDC) released its unaudited results for the 6 months ending 31 December 2022, recording a 14% increase in revenue to P168 million (USD16.8 million). The s

May 15, 2023

From Loss to Profit: Dallaglio Anchors Padenga Holdings’ Solid Performance

After recording a loss in full-year 2021, the Victoria Falls Stock Exchange (VFEX)- listed diversified Group, Padenga Holdings has recorded a solid financial muscle during the full year ended 31 Decem

May 12, 2023

Delta Corporation Posts Impressive 60% Increase in Revenue, Delivering Sparkling FY’23 Results Despite Economic Headwinds

Delta Corporation announced sparkling results, overcoming macroeconomic headwinds in Zimbabwe and supply chain constraints to post a 12% increase in beverage volume. Lager beer volume in Zimbabwe swel

May 12, 2023

Taxation, Interest Expenses Narrows Afdis FY Earnings

The Zimbabwe Stock Exchange (ZSE)- listed wine and spirit maker, African Distillers’(Afdis) has recorded a surge in tax expenses and taxation to government parastatals during the full year ended 31 Ma

May 12, 2023