Companies

Zimbabwe

Zimplats Q1 Performance Plummets

Leading Platinum Group Metals (PGMs) producer, Zimbabwe Platinum Mines Limited (Zimplats), a member of the Amplats Group shared impoverished both production and financial performance for the first qua

May 04, 2023
Companies
Choppies Updates Shareholders on Speculation About Takeover Discussions

Choppies highlighted that the article created an incorrect impression by referring to just Choppies, the listed entity, in the headline and initial parts of the article before later mentioning Choppie

 May 03, 2023
World
GetBucks Microfinance Exhibits Robust Growth in Total Income, yet Faces Challenges in Profitability and Asset Quality

GetBucks Microfinance Bank’s net interest income increased by 62% from ZWL220 million in 2021 to ZWL399 million in 2022. This shows that the bank's lending activities grew significantly during the yea

 May 02, 2023
World
CFOs Strategize to Integrate Generative AI in Finance

Generative AI is a hot topic in the finance industry, and experts at the recent CFO Network event discussed how it could have a transformative impact on sales and pricing strategies. Darryl Bond, CFO

 May 02, 2023
Zimbabwe
Econet’s Proposed Rights Offer to Raise US$ 30.3 Million

In a cautionary announcement dated 27 April, the listed company Econet Wireless Zimbabwe Limited (“the company”) detailed its proposed Rights Offer. This comes 20 days after considerations began with

 May 02, 2023
Companies
Impact of Intel's Worst Quarter Loss and Fierce Competition on Africa's PC Access Negligible

Intel's commitment to innovation is unwavering, and the company will continue to introduce new products and technologies to the African market. The potential for increased competition in the African m

 Apr 28, 2023
World
Blended Inflation Model Distorting Actual Zim Dollar Inflation Trend, According to Captains of Industry

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

 Apr 28, 2023
Zimbabwe's Economic Growth Set to Rise by 6% on the Back of Increased Maize Harvest

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

Apr 27, 2023
Lithium Mining Sector Charges Up Amid Strong Demand and Supply Shakeups

According to analysts, lithium demand could triple by 2025 and increase six-fold by 2030. Meeting this demand and achieving price stability will require diversified supply from many new projects world

Apr 26, 2023
'Unleash Business Growth and Forge Global Partnerships at Zimbabwe's International Trade Fair 2023'

The Zimbabwe International Trade Fair (ZITF) is one of the largest intra-regional trade fairs south of the Sahara and a major opportunity for local businesses to boost trade, connect with new partners

Apr 25, 2023
‘Mechanical Challenges Dampen Gold Output’

Gold mining company, Caledonia Mining Corporation has recorded a 13% decline in gold output at the Blanket Mine from 18 515 ounces in the previous first quarter to 16 036 ounces, according to the Comp

Apr 24, 2023

Homebuyers in Limbo as Agri-Firm CFI Holdings’ Housing Project Stalls

The diversified agricultural conglomerate, CFI Holdings Ltd, has allegedly failed to allot residential plots nearly a decade after marketing them to prospective homeowners for its Suncrest Park develo

Apr 24, 2023

Toyota Vying for More EV Market Share

The luxury company has already set a goal to sell one million electric vehicles internationally by 2030 and to go completely electric globally by 2035. In that time span, Toyota as whole plans to sell

Apr 24, 2023

Corporate Action Summary

As the policy change in inflation figures continue to weigh on valuations, the duo of clothing retailers, Truworths and Edgars, have announced an extension to the publication date of financial results

Apr 24, 2023

ZB Financial Holdings Achieves Monumental Growth in 2022

ZB Financial Holdings delivered an astounding performance in 2022, registering a monumental upswing across its banking and insurance operations on the back of propitious macroeconomic conditions and t

Apr 21, 2023

Zimbabwe Urges Artisanal and Small-Scale Miners to Increase Bankability of Projects

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

Apr 20, 2023

EasyEquities Partnership With GCash to Bring US Stock Trading to 70 Million Filipinos

EasyEquities will launch a fantasy investment game on GCash in June 2023 to educate and familiarize customers with US stock trading before offering real trading. This strategy proved successful when E

Apr 20, 2023

Truworths Issues Update on HY23’s Results Publication Status

clothing entity listed on the Zimbabwe Stock Exchange (ZSE) has postponed the publication of Half-year (HY) reviewed financial results to the 8th of May this year.  The results for the half-

Apr 19, 2023

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