DELTA Corporation , the leading beverage manufacture has posted an increase in revenue to $389.1 million for the half year ended September 2024 from US$350.6 last year. This led to a profit after tax
1 day ago
Multichoice, a leading African broadcasting company recently made headlines with its strategic move to increase funding for its streaming platform, Showmax. This move comes in response to the growing
Feb 06, 2024
Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las
In concluding, the FIU said it has directed financial institutions to unfreeze all accounts and other financial assets that had been frozen pursuant to the directive of March 31, 2023. The unfreezing
May 16, 2023
The global economy is experiencing massive growth in debt exacerbated by the COVID-19 pandemic which had forced countries to borrow to boost their reserves and bring some form of economic resilience.
Dec 16, 2022
Chipo Mtasa steps down as CEO of parastatal telecommunications company, Telone, at the end of the year after serving her full 2 terms stretching between 2013 and 2022. Her legacy will be mixed dependi
Dec 12, 2022
Retail sector contribution to GDP highest across sectorsAgriculture sector contribution diminishes to below 10%Manufact...
Oct 20, 2021
HARARE – Mealie Brand, a division of diversified construction, infrastructure and agricultural equipment manufacturer a...
Oct 11, 2021
HARARE – Zimbabwe’s Central Bank through the Financial Intelligence Unit (FIU) has opened investigations into allegatio...
Oct 07, 2021
Gold production for the six months to 30 June 2021 fell by 4% to 564kgLoss for the period widened to ZW$1.5b from prior...
Oct 04, 2021
Silver prices tumbled to the lowest point in over a year as pressure on precious metals continues to stretch amidst a s...
Sep 30, 2021
Johannesburg – Platinum group metals (PGMs) and chrome mining giant, Tharisa announced t...
Sep 29, 2021
September annual inflation stood at 51.55 percent from 50.24 percent in AugustMoM inflation rate maintained upward tren...
Sep 28, 2021
Swings from a BWP 370.6m loss in 2020 to BWP 59.6m in fiscal year 2021Revenue from rest of Africa operations increased...
Sep 22, 2021
Key Highlights: Total income declined from ZW$4.128 billion to ZW$2.897 billionAttributed to a 67% decrease in fair...
Sep 17, 2021
Key Highlights: Profit after tax increased by 15% to ZW$292.0 millionInclement weather in first quarter slowed produ...
Download the 2021 annual report for Bindura Nickel Corporation here
Sep 14, 2021
HARARE – That Zimbabwe relies heavily on imports of most of its raw materials for industrial productivity is a well-kno...
Sep 13, 2021
HARARE – Platinum price fell further in early Monday trades to reach US$944 per ounce as the on-demand metal continues...
Key Highlights: Recorded ZW$5.8 million lossOperating expenditures grew to ZW$98.8 millionNet interest income increa...
Sep 08, 2021
Caledonia Mining Corporation, a leading gold producer, has reported a third-quarter gold production of 18,992 ounces from 21,772 ounces produced in the comparable quarter due to lower grade and reduce
The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio
Delta Corporation, a blue-chip entity listed on the Zimbabwe Stock Exchange (ZSE), has encountered significant headwinds in its sorghum beer segment, resulting in diminished sales volumes domestically
Largest bank by deposits and assets, Commercial Bank of Zimbabwe Holdings (CBZ) has recorded an exceptional Q3 performance ended September 30, characterized by billion-dollar revenues, according to th
British American Tobacco (BAT) Zimbabwe, a producer and marketer of premium cigarette brands, is prioritizing cost reduction as a strategic initiative aimed at returning to profitability. The company
Zimbabwe's October gold deliveries surged 22% from September and 12% above October 2023, reaching 4,168 kgs. Small-scale miners produced 3,143 kgs, up from 2,404 kgs in September, while large-scale m
The Zimbabwe Gold (ZWG) currency has exhibited an appreciation on the formal market, recording its third consecutive gain on November 6, 2024. The currency surged 3% from 26.99 to 26.01, translating