Companies

Companies

Bridgefort Capital: A Year Capped in Tremendous Losses

Embattled diversified ZSE-listed Group, Bridgefort Capital Limited has capped the full year ended 31 December 2022 with a tremendous loss after widening the after-tax loss to ZWL1.4 billion from ZWL2

Apr 06, 2023
Zimbabwe
Zimbabwe Targets Self-Sufficiency in Wheat Production Through Increased Hectarage

The Zimbabwean government recently announced its plans to increase the hectarage of winter wheat production by 5% for 2023, compared to last year's 80,388 hectares. This comes as good news for the cou

 Apr 06, 2023
World
ZHL Sustains Profitability Despite Unprecedented Reinsurance Claims

The Group posted an inflation adjusted total income of ZWL39.5 billion, which is a 9% surge from ZWL36.3 billion recorded in the prior year. The growth was attributed to an overall positive investment

 Apr 05, 2023
World
Stanbic Bank's Bottomline Soars by 180% for FY’22

Despite the challenging economic landscape, Stanbic Bank thrived in the 2022 financial year posting a profit of $49.9 billion in inflation-adjusted terms, up by 180% from $17.8 billion the prior year.

 Apr 04, 2023
Companies
To encourage ESG practices, lenders should pledge to fund no coal projects

Many lenders have turned to reduce lending to coal, oil, and gas projects while increasing their exposure to renewable energy in an effort to reduce their net carbon emissions to zero by 2050. We will

 Apr 04, 2023
Zimbabwe
TSL Reaps Diversification Benefits as Profit Surges Above 500%

Diversified ZSE-listed entity, TSL Limited Zimbabwe has achieved a record 520% surge in profit after tax for the full year ended 31 December 2022 underpinned by its diversified portfolio strategy.  P

 Apr 03, 2023
World
Hwange Unit 7 to Relieve Pressure on Electricity Imports

Hwange Unit 7 power output first achieved full capacity of 335Mw at 09:27, 30th March 2023. Since that time, the combined output of all the power plants has exceeded 950Mw. Last week, the Kariba South

 Apr 03, 2023
Corporate Action Summary

FMP recorded a 42% increase in inflation adjusted revenue to ZWL2.9 billion in the full year to 31 December, 2022, owing to the repricing of rentals as well as a relatively good occupancy level of 85

Apr 03, 2023
Caledonia Profit Woes: Should Investors Worry?

A behemoth in gold investments in the country, Caledonia Mining Corporation posted its second post-COVID-19 profit downturn for the full year ended 31 December 2022 despite achieving a record gold pro

Apr 03, 2023
Zimbabwe and Belarus Strengthen Economic Ties Through Government and Private Sector Partnerships

The governments of Zimbabwe and Belarus have taken steps to strengthen their engagement and foster trade between their private sectors after Minister of Foreign Affairs and International Trade, Honour

Mar 31, 2023
Willdale Expects Improved Electricity Supply to Resuscitate Sale Volumes

Willdale Expects Improved Electricity Supply to Resuscitate Sale VolumesThe demand for bricks for housing development and various infrastructural projects remains high. A sustainable financing model f

Mar 30, 2023

South Africa's Insurance Market in Turmoil: Reinsurance Rates Soar, Power Grid Collapse Looms

South Africa's insurance market, once considered the most developed in Africa, is facing serious challenges due to rising reinsurance rates, which are outstripping the global trend. Claims pay-outs fr

Mar 30, 2023

Tigere Outshines the Properties Industry

The Tigere Real Estate Investment Trust (REIT), which listed as the first ever REIT on ZSE last year, reported a positive financial performance in the 2-months to 31 December 2022. The REIT listed on

Mar 29, 2023

FCB’s Non-funded Income Dominated Revenue Generation in FY22

First Capital Bank’s non-funded income dominated revenue generation for the firm in the 2022 financial year as the bank posted real growth in terms of non-funded income by 44% with the non-funded to t

Mar 28, 2023

African Capital Markets Update:The Remerging Bond Markets

he Mozambique bond market has re imaged after a successful bond issuance with the results of the public hearing held on March 21, 2023, at the Mozambique Stock Exchange. These bonds generated a high d

Mar 28, 2023

CORPORATE ACTION SUMMARY

Border Timbers held Annual General Meetings, individually, for the years from 2018 to 2022 as the company was under judicial management. For the years 2018 to 2021, shareholders passed the resolution

Mar 27, 2023

Diversification Payoffs: Axia sails through anaemic economies

Diversified retailer, Axia Corporation Limited engulfed a volatile economic environment within Zimbabwe and its regional branches to post a 44% revenue uptick to ZWL75.6 billion and finally, a whoppin

Mar 27, 2023

Zimbabwe Takes the Lead as Chair of African Diamond Producers Association

-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha

Mar 24, 2023

South Africa Beats the Odds: Inflation Surges Higher Than Expected In February

South Africa's headline consumer inflation has risen slightly higher than expected in February, according to data released by Statistics South Africa. Year on year, inflation grew by 7.0% from 6.9% in

Mar 23, 2023