24.5 C
Harare
Saturday, May 30, 2020
First Capital closes 4 branchesClosure to commence on 24 March 2020BancABC implements measure to curb spread of the virus Harare - As the coronavirus has been recorded in Zimbabwe, with the first case being recorded last Friday and a second that has resulted in death of...
Declared dividend despite initial cautionDividend to be paid on 20 May 2020Consolidated cash position on April 24 2020 was $14.1 million Harare - Blanket Mine parent, Caledonia Mining Corporation has declared a dividend of seven and a half United States cents (US$0.075) on...
AfDB: Africa lags behind in terms of global digital trendsAfrican digital economy expected to grow to over $300 billion by 2025AfDB: tech education, a must!China’s in-roads in I.T infrastructure development A sneak peek into the African Development Bank’s (AFDB) 2020 outlook shows that Africa lags behind in terms of...
Company placed under judicial management in 2016 Scheme of arrangement approved by creditorsOverall positive performance across all CFI operations Harare- Crest Poultry Group, a division of CFI Holdings Limited has exited judicial management shortly after the reporting period, in January 2020. In September...
Harare- Unifreight Africa Limited, Transport and logistics company says operational expenses continue to increase month on month due to the hyperinflationary economic environment. The current economic situation in Zimbabwe has been characterised by among others, cash and foreign currency shortages and high costs of accessing these.
All parts of the project progressing wellRevenue and EBITDA dropped by 5% to 10% in the material business segment Harare - Dual listed regional cement manufacturer Pretoria Portland Cement (PPC) has announced that there is marked progress on the project the Group embarked on following the indication...
He leaves after 13 months as CEThe company appointed a new CFO in June 2019The Company has had a bumpy financial ride recording  a string of losses before the appointment of the now departing CELafarge has been losing ground to fierce competitor, PPC Kaziwe Siame Kaulele who...
Volumes sold 26% downBusiness remains profitable despite pat declineGrew turnover rose 85% Harare - CT Bolts, a unit under Zimplow Holdings Limited recorded a slump in overall sales volumes in the year ended 31 December 2019. A financial results...
Assumed office on 1 March 2020She left ABCH in January 2020Comes in following Letshego Group’s executive shake up Harare – Former Banc ABC executive has re-emerged at a Botswana listed microfinance bank. Gwen Muteiwa whose previous designation was finance director...
2019 capacity utilisation fell to 36.4 from 48% in 2018According to the CZI report, on energy, companies indicated that they get 50% monthly power supply from the main gridThe projected 2020 capacity utilisation is 27%, which is 9.4% below the 2019 levelSouth Africa dominated as the source of raw materials, followed by...