Companies

Companies

NMB Bank Harnesses DFI Partnerships to Drive 27% Loan Surge in Export-Critical Sectors

NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil

9 hours ago
Companies
Zimbabwe's Listed Firms Face Financial Reporting Delays As Government Mandates ZiG Reporting

Zimbabwe’s listed companies are grappling with a wave of delays in releasing their audited financial statements for the year ended 31 December 2024, as First Capital Bank Limited, African Sun Limited,

 Apr 04, 2025
Companies
CBZ Net Interest Income Rises 14% to ZWG1.39 Billion

CBZ Holdings, a diversified blue-chip company listed on the Zimbabwe Stock Exchange, has reported a 14% increase in net interest income, reaching ZWG1.39 billion for the full year ended 31 December 20

 Apr 03, 2025
Companies
ZB Bank Boosts Lending Income 27% Despite Slow Growth: Bets Big on Digital Fixes

ZB Bank Limited, the flagship of ZB Financial Holdings (ZBFH), saw income from lending activities net of recoveries climb 27% to ZWG370 million in 2024 from ZWG292 million in 2023, despite sluggish lo

 Apr 03, 2025
Companies
OK Zimbabwe Seeks $30 Million to Tackle Stockouts, Debt

OK Zimbabwe Limited, the country’s largest retail operator by store count, is seeking to raise up to US$30 million to stabilize its finances amid a brutal operating environment that has pushed it to c

 Apr 02, 2025
Companies
Zimplow Anticipates Full Recovery in 2025 After a Deep Loss

Zimplow Holdings, Zimbabwe’s premier supplier of tyres, mining, and agricultural equipment, is set to rebound in 2025 following a tough 2024, as outlined in its full-year financial results for the per

 Apr 02, 2025
Companies
Dairibord’s Profit Soars to US$3.7M as Milk Intake Jumps 49%

Dairibord Holdings Limited, a leading milk processor listed on the Zimbabwe Stock Exchange (ZSE)’s profit after tax has  more than doubled to US$3.7 million from US$1 million in the previous year. Th

 Apr 01, 2025
Padenga’s Golden Leap: Runner-Up Gold Producer Cashes in +US$200 Million As Gold Output Jumps 17%

Padenga Holdings Limited, a gold mining titan listed on the US-Dollar denominated bourse Victoria Falls Stock Exchange (VFEX) has cemented its place as a giant in Zimbabwe’s gold mining sector, deliv

Mar 31, 2025
Tigere Property Fund to Acquire Greenfields Retail Centre in Q3 2025

Tigere Property Fund, Zimbabwe’s pioneering Real Estate Investment Trust (REIT), is set to acquire the Greenfields Retail Centre in the third quarter of 2025 (Q3 2025). This comes after the company,

Mar 28, 2025
Mash Holdings Maintains Profitability Despite 9% Drop in Profit After Tax

Mashonaland Holdings Limited, a leading property investment and development firm listed on the Zimbabwe Stock Exchange (ZSE), sustained profitability in FY2024, posting a profit after tax of US$3.7 mi

Mar 28, 2025
Caledonia Maintains US$0.14c Quarterly Dividend for Q1 2025

Caledonia Mining Corporation  has maintained its 14 United States cents (US$0.14) dividend on each of the company’s shares for the first quarter (Q1) of 2025. This follows the company’s commitment to

Mar 27, 2025

Innscor’s Revenue Surpasses Half a Billion in HY25

Innscor, a leading Zimbabwean conglomerate, has reported a 12% increase in revenue to US$535.8 million for the six months ended 31 December 2024 according to the latest financial report from the group

Mar 24, 2025

Distribution Group Africa Set to Restructure and Realign Performance with Revenues

Distribution Group Africa (DGA), a vital arm of Axia Corporation Limited operating across Zimbabwe, Malawi, and Zambia, is embarking on a strategic restructuring to reverse declining revenues and alig

Mar 24, 2025

Axia Flirts with US$100 Million in Topline, Declares Dividend

AXIA Corporation Limited, a diversified company listed on the US dollar-denominated bourse, Victoria Stock Exchange (VFEX) has reported a topline growth of US$99.6 million in the first half of 2025 (

Mar 20, 2025

Kuvimba Targets 3,600kg Gold Haul as Prices Soar Past $3,000/Ounce

As gold prices soars past a record $3,000 per ounce in 2025, driven by geopolitical tensions and investor flight to safe-haven assets, Zimbabwe’s mining sector is poised for a windfall. Kuvimba Mining

Mar 20, 2025

TSL’s Q1 2025: Mixed Results with Revenue Down 9%, Profits Up

Tobacco Sales Limited (TSL) reported a mixed performance for Q1 2025, ended 31 January 2025 with a notable 9% revenue decline across its operations, primarily due late inset of rainfall which affected

Mar 19, 2025

Gold Rush: Kavango Resources Uncovers New Reef at Hillside Project

Kavango Resources plc, a Southern Africa-focused metals exploration company, has upgraded the underground mining potential of Prospect 1 at its Hillside Project in Matabeleland, Zimbabwe, according to

Mar 19, 2025

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

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