Companies

Companies

Innscor Invests US$10.4 Million for 2024/25 Summer Season

Innscor Africa, the largest food processor in Zimbabwe, through its agricultural unit PHI, has made a significant investment of US$10.4 million for the 2024/25 summer cropping season. The primary aim

Mar 18, 2025
Companies
Rising Copper Prices, Strategic Pivot to Aluminium: Analysing CAFCA’s Strategic Shift

The surge in global copper prices, while often interpreted as a positive indicator for mining-heavy economies, presents a significant cost burden for manufacturers like CAFCA, which rely heavily on co

 Mar 14, 2025
Companies
RTG Declares US$2.5 Million Dividend After Stellar FY2024 Performance

Rainbow Tourism Group Limited (RTG) has declared  total dividend of US$2.5 million for the year ended 31 December 2024, an increase from the US$1.5 million declared in 2023, following a stellar perfor

 Mar 13, 2025
World
Elon Musk muddied with Tesla as sales slump & boycotts escalates

As of March 12, 2025, reports indicate that Tesla shares have dropped sharply, with a notable single-day decline of over 13% on March 10, wiping out more than $700 billion in market value from its mid

 Mar 12, 2025
Companies
Premier Issues New Shares to Raise £600 000 Capital for Zulu Project

Premier African Minerals Limited is raising £600,000 (approximately US$775,464) to support its operations, specifically targeting the Zulu Lithium and Tantalum Project ("Zulu") ,  issuing  new ordinar

 Mar 11, 2025
Companies
Dokwe Gold Project Sees 9% Increase in Gold Inventory

UK-based miner Ariana Resources, a company that focuses on exploring and developing mineral resources, particularly gold , has reported a 9% increase in gold inventory at the Dokwe Gold Project in Zim

 Mar 10, 2025
Companies
Padenga Strikes Gold with Full Dallaglio Acquisition

Padenga Holdings Ltd. has solidified its transformation from crocodile skin producer to mining contender by acquiring full ownership of Dallaglio Investments, its gold mining subsidiary, through a 253

 Mar 10, 2025
Stanbic Bank, EIB Global Launch $21M Facility for Women-Led Businesses

he European Investment Bank (EIB Global), in partnership with Stanbic Bank Zimbabwe, has unveiled a €20 million ($21 million) credit facility aimed at bolstering Zimbabwean small and medium enterprise

Mar 05, 2025
TSL Profit More Than Halves to US$3.62 Million in FY 24

TSL Limited, a diversified Zimbabwe Stock Exchange-listed company, experienced a sharp 55% decline in profit after tax from continuing operations, falling to US$3.62 million for the fiscal year ended

Mar 04, 2025
Ariston Shifts Focus to Local Sales Amid Rising Export Surrender Costs

Ariston Holdings, a Zimbabwean agribusiness, has strategically reoriented its revenue focus from export markets to domestic sales in response to rising operational costs and restrictive export policie

Mar 04, 2025
Proplastics CEO, Kudakwashe Chigiya Resigns, Paschal Changunda Appointed Acting Leader

Plastics and plastic products manufacturer, Proplastics Limited, has announced the resignation of its Chief Executive Officer (CEO),  Kudakwashe Leo Chigiya, effective 19 February 2025. The Board of

Mar 03, 2025

TSL Exits Non-Core Ventures , Expands into New Opportunities

TSL Limited , a diversified holding company with interests in tobacco auctioning, printing and packaging, agricultural inputs, storage and distribution, and services has embarked on a significant rest

Mar 03, 2025

Meikles Slides into Loss: Can the Retail Titan Recover?

Zimbabwe’s second largest retailer, Meikles Limited with stores trading as TM Pick n Pay in both US dollar terms and local currency terms as the sector continues facing unsatiable competition from the

Feb 28, 2025

Tax Tactics: Simbisa Brands Reveals Strategy to Minimize Fast-Food Tax Hit

Simbisa Brands Limited, a leading fast-food outlet listed on the Victoria Falls Stock Exchange, is set to enhance supply chain efficiencies and negotiating with suppliers on raw material prices as par

Feb 28, 2025

Zimplats’s Production Plummets ,but Firm Prices Boost Profitability

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), a subsidiary of Impala Platinum, has reported a 15% decrease in 6E (platinum group metals) production, amounting to 279,890 ounces fo

Feb 27, 2025

Beating the Odds, Then Booted: Does OK Zimbabwe’s CEO Firing Defy Logic?

Zimbabwe’s retail giant, OK Zimbabwe, has thrust itself into the spotlight with a sweeping executive overhaul, axing its seniour management team and reinstalling veterans who once steered the company

Feb 27, 2025

CAFCA Achieves 23% Volume Growth in Q1 FY 2025, Exports Plunge by 39%

Cables supplier and manufacturer, CAFCA Limited, has reported a robust 23% year-on-year growth in overall volumes for the first quarter of the 2025 financial year, according to its latest trading upda

Feb 20, 2025

ART Holdings Reports Depressed Q1 Performance with Volumes, Revenue Declining: Explores Opportunities in Hygiene Segment

ART Holdings has reported a challenging first quarter for the three months ended December 31, 2024, with both sales volumes and revenue experiencing significant declines. Sales volumes decreased by 13

Feb 18, 2025

OK Zimbabwe's Sales Plummet 36%   Due to Restocking Constraints, Shut Stores

OK Zim The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has reported a 36% decline in volumes for the third quarter ended 31 December 2024 while revenue also decreased by 36% compared to th

Feb 17, 2025