Rainbow Tourism Group Limited, a prominent player in the hospitality sector listed on the Zimbabwe Stock Exchange has released its fourth cautionary statement regarding the ongoing negotiations for th
Sep 18, 2023
WestProp Holdings Limited, an entity listed on the Victoria Falls Stock Exchange (VFEX), has maintained ownership of Stand 654 Pomona Township. This outcome follows a Supreme Court appeal case initiat
In the latest report from the World Platinum Investment Council, Zimbabwe's platinum output for Q2 2023 experienced a significant 2% increase (+2 koz) compared to the same period last year, reaching 1
Sep 14, 2023
Old Mutual Limited, a diversified financial services group, anticipates a combination of outcomes in its half-year results for the period ending on June 30, 2023. The Group foresees a decline in resul
The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut
Sep 13, 2023
Gold prices have declined to below $1,910 per ounce today, reaching their lowest point in approximately three weeks. This drop comes as investors exercise caution while awaiting a crucial US inflatio
As a businessman invested in milk production, let's envision you as the owner of a company similar to Dairibord Zimbabwe Limited, the largest milk processor in the country. In this scenario, your most
During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat
Sep 12, 2023
Star Africa Corporation, a sugar producer listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss after tax of ZWL2 billion for the full year ended 31 March 31 2023. This represents a signifi
Sep 11, 2023
The dollar has dipped to 105 from 104 last week with the highest being achieved in July at 99.9 as investors adopted a cautious approach while awaiting important U.S. inflation data. The upcoming rele
The Zimbabwe dollar experienced a depreciation today, marking the second consecutive week of decline against the US dollar. This follows the contentious election, which has heightened concerns about i
Sep 06, 2023
CBZ Holdings and First Mutual Holdings Limited have entered into a merger, with CBZ acquiring a 36% stake in FMHL. This merger marks a significant milestone between the bank and insurance company, as
The South African rand has undergone a substantial decline, breaking the 19 mark and reaching its lowest level in almost three months, at US$19.2. This decline in the South African rand occurs concurr
Zimplats Holdings Limited, a key player in the platinum group metals (PGMs) industry, has witnessed a notable 7% increase in mined volumes, despite experiencing a decline in profitability caused by vo
ZIDA has introduced a match-making mining platform that holds immense potential for mining claim holders in Zimbabwe. Known as the ZIDA Mining Claims Matchmaking Platform, this innovative solution aim
Sep 04, 2023
B Bank Group, a leading financial institution doubled its total income in the first half of 2023, increasing by 796% to ZWL917.284 billion compared to ZWL102.407 billion in the same period last year.
Sep 01, 2023
NMB Holdings Limited has emphasised its strategic reliance on digitalisation initiatives aimed at achieving cost reductions and operational efficiencies. This focus was highlighted in the company's h
FBC Holdings Limited, a diversified group listed on the Zimbabwe Stock Exchange (ZSE), has achieved an impressive profit after tax (PAT) of ZWL366 billion for the half-year period ended June 30, 2023.
Border Timbers Limited shareholders have approved an acquisition offer put forth by Cicada Plantations Zimbabwe (Private) Limited according to a circular released by the company today following the E
Aug 30, 2023
In its ongoing efforts to bolster liquidity, facilitate price discovery, and align with international best practices, the Zimbabwe Stock Exchange Limited (ZSE) has announced operational changes effect
Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the
First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process
The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the
Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio
WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11% to its year-to-date revenue in a trading update for the period ended 30 Sept
EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa
Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.
NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful