Companies

Zimbabwe

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
Zimbabwe
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
Zimbabwe
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
World
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
TSL Revenue Soars as Expansion Initiatives Pay Off

TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th

Mar 21, 2023
Silver Bullet for Zim Companies: Co-Working Model

he central business area (CBD) of Harare is losing businesses due to high rents, parking fees, and the bad condition of several buildings. As a result, many small and medium-sized businesses are now o

Mar 21, 2023

ZB Financial Holdings Secures a Controlling Stake in Mashonaland Holdings

Zimbabwe Stock Exchange-listed financial outfit, ZB Financial Holdings (ZBFH) has increased its investment portfolio by increasing its stake in ZSE-listed Mashonaland Holdings. ZBFH says it now holds

Mar 20, 2023

Forex Backlog Dampens Axia’s Restapedic Efficacy

The diversified retailer listed on the US dollar denominated bourse Victoria Falls Stock Exchange,  Axia Corporation Limited has succumbed to delayed disbursement of foreign currency on the auction ma

Mar 20, 2023

E-Livestock Global in Zimbabwe Sets Out Ambitious Expansion Aspirations For its Agri-Focused Data Platform

The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geo

Mar 20, 2023

First Capital Bank ducks ZSE, eyes VFEX

Harare - FIRST Capital Bank Limited has announced plans to delist from the Zimbabwe Stock Exchange with the intention to list at the Victoria Falls Stock Exchange (VFEX). The recent removal of the 100

Mar 20, 2023

CORPORATE ACTION SUMMARY

CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the

Mar 20, 2023

The Jewel of Africa: How Zimbabwe Can Usher in a Gargantuan Economic Boom

To attract cell manufacturers, the government should establish a fast-track process for permitting and land leasing; make loans, grants, and guarantees to overcome capital limitations; and encourage a

Mar 20, 2023

Conflict Brewing: CZI and ZETDC Face-off as Power Charges Surge

The Confederation of Zimbabwe Industries (CZI) has suggested that US dollar electricity billing should be adjusted according to the ratio of foreign currency sales, as businesses have different mixes

Mar 16, 2023

The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

Mar 15, 2023