Companies

Zimbabwe

Corporate Action Summary

On the 18th of May, 2023, Caledonia Mining Corporation Plc entered into an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co in which Caledonia may, at its discretion from time to t

May 22, 2023
Companies
Hwange Colliery Company Ramps Production in Q1

Extractor and distributor of coal and coal related products, Hwange Colliery Company Limited has recorded a 92.7% increase in coal mined during the three months to 31 March 2023 buoyed by a strong dem

 May 22, 2023
Companies
“Continued Zimbabwe Dollar Use, Our Biggest Threat”

The Zimbabwe Stock Exchange (ZSE)- listed microfinance outfit, GetBucks Microfinance Bank Limited says the embattled Zimbabwe dollar remains the biggest challenge affecting business viability througho

 May 19, 2023
World
Addressing Rising Prices in Zimbabwe: A Multi-Faceted Approach

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

 May 19, 2023
Companies
RTG’s Earnings More than Doubles in Q1

Hospitality Group, Rainbow Tourism Group Limited has reported an increase in revenue both in US dollar denominated terms and Zimbabwe dollar terms for the first three months to March 31 2023 while hot

 May 19, 2023
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
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
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
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 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

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