Companies

Zimbabwe

Zimbabwe's Construction Prowess: Drives PPC's Stellar 2023 Performance

Pretoria Portland Cement (PPC) has reported a robust group performance for the full year 2023, driven primarily by strong results from its Zimbabwean operations. Cement consumption in Zimbabwe has be

Jun 24, 2024
Companies
Price Controls Squeeze Meikles Retail Sells: As Consumers Flock to Informal Market

Food security is a critical component of a stable currency and economy. Everyone in a society must spend money on food, regardless of their income level. In an inflationary environment like Zimbabwe,

 Jun 24, 2024
Companies
Mash Holdings Delivers Robust Growth in First 5 Months of 2024

Mash Holdings, a leading real estate investment and development company, has reported a strong start to 2024 with impressive financial and operational metrics in its initial five months of the year.

 Jun 20, 2024
Companies
Nampak Poised to Bounce Back After Steep Losses in HY 2023

JSE-listed packaging company, Nampak Limited has provided an upbeat outlook for its financial performance in the second half of the 2023 fiscal year. According to the company's projections, Nampak is

 Jun 20, 2024
Companies
Khayah Cement Rebounds with 38% Volume Growth After Dismal 2022: Insights into the Latest Performance

Cement producer Khayah Cement, formerly known as Lafarge Cement Zimbabwe, has rebounded to production growth following a dismal 2022 performance. In the just-concluded 2023 fiscal year, the group reco

 Jun 19, 2024
World
$80 Million Partnership: Unpacking CBZ, Afreximbank’s Landmark Financing Agreement

BZ Bank and African Export Import Bank (Afreximbank) have signed two financing facilities worth a total of US$80 million to support Zimbabwean exporters. The first facility is a US$60 million line of

 Jun 17, 2024
Zimbabwe
NRZ Seeks $400M Bailout to Link Manhize Steel Plant to Rail

The National Railways of Zimbabwe (NRZ) faces a daunting challenge in supporting the country's economic recovery and the ambitious Manhize steel project. With equipment and infrastructure long past i

 Jun 17, 2024
From Barren Lands to Millions of Bucks: Westprop's Pokugara Residential Estate Triumph

Westprop Holdings Limited, a leading real estate developer in Zimbabwe, has reported a strong financial performance in the first quarter of 2023 generating US$5 million in revenue from its premium Pok

Jun 11, 2024
What Does Revival of Bilboes Mean for Zim's Gold Arena in Near and Long Term?

Caledonia Mining Corporation has announced that it will revive the Bilboes Mine operations in Zimbabwe through a single-phase development approach, a decision expected to provide improved cash generat

Jun 05, 2024
Ariston Boosts Tea Volumes by 14%, Pivots to Macadamia Value-Add

Ariston Holdings Limited, a diversified agricultural company, has reported a 14% increase in tea production during the half-year ended March 31, 2024. The company produced 1,830 tonnes of tea, up from

Jun 04, 2024
Unifreight Africa Expands Fleet, Posts Profit Growth in 2023

In a strategic move to strengthen its transport logistics operations, Unifreight Africa Limited has deployed an additional 50 FAW 380FT Truck Tractors with Afrit Tautliner Trailers into the local and

Jun 04, 2024

Econet Pays 3.8 Trillion in Taxes to Government

Econet Wireless Zimbabwe, the country's largest telecom operator, contributed a staggering ZWL3.8 trillion to the government and statutory bodies in the fiscal year ended February 29, 2024. This figur

Jun 03, 2024

EcoCash Holdings Delays Annual Results to Finalize IFRS Reporting

coCash Holdings Zimbabwe Limited has delayed the publication of its Group's annual audited financial statements for the year ended 29 February 2024, according to its latest circular. The results will

May 30, 2024

CAFCA Appoints New CEO, Starafrica Adds Executive Board Member

The Zimbabwe Stock Exchange-listed cables manufacturer, CAFCA, has appointed Vimbai Nyakudya, a qualified Chartered Accountant, as its new Chief Executive Officer, effective June 3, 2024. According t

May 30, 2024

Puffing on Tough Times: BAT Q1 Sales Up in Smoke

British American Tobacco (BAT) experienced a 21% decline in sales volumes during the first quarter of 2024 compared to the same period the previous year. This decline was attributed to changes in fisc

May 29, 2024

First Capital Slashes Non-Performing Loans to 7% - Lowest in Recent Memory

Esteemed Bank, First Capital, reports that its non-performing loans (NPL) ratio has continued to decrease, reaching the lowest level in the first quarter of 2024 at 7%. This is an improvement from 8%

May 29, 2024

Pick n Pay Announces Major Recapitalization and Potential Boxer Spin-Off

Pick n Pay, the prominent South African grocery and retail group which has a partnership with TM Supermarkets in Zimbabwe, a Meikles subsidiary, has unveiled a significant strategic plan that could re

May 29, 2024

Zim Boasts Region's Highest Fuel Prices, Sweats Truck Businesses

Despite the challenging economic environment marked by inflationary pressures and exchange rate volatility in Zimbabwe, the country still boasts the most expensive fuel prices in the Southern African

May 28, 2024

ZIMRE Holdings Pursues North-Central Africa Growth Policy

IMRE Holdings, a diversified financial services group, is poised for growth as it pursues a strategic expansion into North and Central African markets through its North-Central Africa growth policy.

May 28, 2024