Companies

World

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
World
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
World
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
World
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
Zimbabwe
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
Zimbabwe
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
World
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

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

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

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