Companies

World

Musakanya Takes Over at Access Bank Botswana as New Acting MD

Musonda has spent 15 years in senior managerial roles, which allowed her to develop first-hand knowledge and expertise in the management of client relations, technology, risk management, and overall b

Apr 19, 2023
World
The Persistent Electricity Crisis in Zimbabwe: Ramifications for Businesses and the Quest for Sustainable Resolutions

Zimbabwe continues to grapple with a protracted electricity crisis, which poses a considerable operational risk to numerous enterprises within the nation. Consequently, these companies find themselves

 Apr 18, 2023
World
Turnstar Holdings Releases Trading Statement, Profits and Revenue Remain Steady

Turnstar Holdings Limited (Turnstar) is likely to face a range of challenges that could impact its operations and profitability. One significant factor is the potential for inflation, which could incr

 Apr 18, 2023
World
Erosion of Value in Zimbabwe: Hyperinflation and Exclusion from Old Mutual Limited's Key Performance Metrics - Old Mutual Limited Releases 2022 Integrated Report

The value of the business in Zimbabwe is reduced to zero in Group equity value due to the continued impact of hyperinflation on the Zimbabwean economy. However, the Zimbabwe business remained profitab

 Apr 18, 2023
Companies
AH-Vest Limited Reports Slight Increase in Revenue for HY2023

AH-Vest Limited has reported a slight increase in revenue despite facing challenges from load sheddin and increased manufacturing costs. The company has taken steps to mitigate the impact of loadshedd

 Apr 18, 2023
Zimbabwe
Corporate Action Summary

Edgars issued an announcement to Shareholders and other stakeholders about the unanticipated delays in the finalization of the audit process which has necessitated a move to defer the publication of t

 Apr 17, 2023
World
General Beltings Rides Mining Wave to Success as Zimbabwe's Extractive Sector Booms

Zimbabwe's mining sector achieved a strong eight percent growth in 2022, with production increases across the sector. This has driven significant growth for General Beltings (GB), the country's sole m

 Apr 14, 2023
Mashonaland Holdings Revenue Skyrocketed by 97% on Account of MashView Gardens

Mashonaland Holdings, a distinguished real estate investment and development firm, has witnessed a remarkable 308% Compounded Annual Growth Rate (CAGR) in revenue from FY'18 to FY'22. In the financial

Apr 14, 2023
Tharisa's Operational and Market Updates: Karo Resources' Development and Zimbabwe's PGM Potential

Tharisa, the South African chrome and platinum group metals (PGM) miner, recently announced its operational and market updates for the second quarter of its financial year. The company's CEO, Phoevos

Apr 14, 2023
Zambia's Copper Exports to China: Navigating the Impact of China’s Reduced Imports

Zambia is Africa's second-largest copper producer, with the metal accounting for around 70% of its export earnings according to Reuters. China has been one of the primary markets for Zambian copper, a

Apr 14, 2023
New Indonesian Nickel Indices Could Be a Game-Changer for Bindura Nickel Corp

For Bindura Nickel Corp and other miners outside Indonesia, the new indices could give better insight into price trends and improve their bargaining power with offtakers. Bindura Nickel Corporation is

Apr 14, 2023

BAT Forfeits Over ZWL17 Billion to ZIMRA Taxes

Manufacturer and distributor of tobacco products, British-American Tobacco Zimbabwe Limited has paid ZWL17.5 billion in taxes to the government during the full year ended 31 December 2022, resulting i

Apr 14, 2023

Investment Polyphagia: Unpacking Simbisa’s New Projects

Diversified largest fast-foods outlet in Zimbabwe, Simbisa Brands is targeting to roll in new 49 stores in the second half of the full year ending 30 June 2023, enhancing its broader footprint in the

Apr 13, 2023

Africa Capital Markets Update: Performance Variance Analysis

The Nairobi Stock Exchange has earned the unfortunate distinction of being the worst performing African stock market in the first quarter of 2023. So far this year, it has experienced a significant de

Apr 11, 2023

Corporate Action Summary

BAT Zimbabwe announced that its 63rd Annual General Meeting of shareholders will be held at Cresta Lodge Harare, Corner of Samora Machel Ave and Robert Mugabe Rd, Msasa, Harare, on the 28th of April 2

Apr 11, 2023

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 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

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

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