Companies

Zimbabwe

Insuring Zimbabwe's Future : Short-Term Coverage Vital for Business Stability and Investment Growth

Zimbabwe has a low insurance penetration rate of 2.6% Potential impact of El Niño and the need to strengethen the insurance sector in the country The GPW surged by 263%, rising from ZW$7.49 billion to

Sep 11, 2023
Zimbabwe
Nampak in strategic asset purchase: New Production Line in pipeline

Nampak Zimbabwe, a leading manufacturer of plastic packaging products, is aiming to increase its capacity with the acquisition of an eight-colour printer for self-opening paper bags from Bullpak. This

 Sep 11, 2023
Companies
Star Africa Trades FY Loss Blame with Government

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
Zimbabwe
Corporate Action Summary

VFEX listed Bindura Nickel Corporation Limited announced that it will hold its 57th Annual General Meeting (AGM) virtually on Thursday, 28 September 2023 at 0900hrs.

 Sep 11, 2023
Companies
CBZ Seals Merger Deal with FML

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

 Sep 06, 2023
Companies
Zimplats Scales Up Production Despite Profit Woes

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

 Sep 06, 2023
Zimbabwe
Corporate Action Summary

Seed Co International Limited announced that it will hold its 23rd Annual General Meeting (AGM) virtually (via the Escrow Group platform) on Wednesday the 20thof September 2023, at 12:30 GMT+2 (Botswa

 Sep 04, 2023
First Capital Bank: Soaring Profits and Digital Innovation Propel Success

First Capital Bank Soaring Profits and Digital Innovation Propel Success First Capital Bank demonstrated robust profit growth in the first half of 2023, as its profit after tax skyrocketed by 602% to

Sep 04, 2023
ZB Financials' Earnings Soar Amid Phenomenal Growth in All Divisions

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' Digital Drive Fuels Growth

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

Sep 01, 2023
FBC Holdings Smashes Profit Records

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.

Sep 01, 2023

Border Timbers Set to Become Subsidiary of Cicada Plantations

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

Turnall Holdings' Rights Offer Triumph

Turnall Holdings Limited has successfully generated ZWL36.947 billion through its rights offer, which the company sees as crucial for improving its financial situation. In a trading update released o

Aug 30, 2023

CAFCA Defies Production Setback with 16% Export Volumes Boom

(Cable African Cables), a prominent cable manufacturer listed on the Zimbabwe Stock Exchange (ZSE), has witnessed a significant 16% increase in its export volumes despite a dip in local volumes. Durin

Aug 28, 2023

Corporate Action Summary

Wednesday, 23 August 2023, was declared a public holiday for the purposes of polling for the 2023 harmonised elections. The Zimbabwe Stock Exchange (ZSE) was therefore closed on Wednesday and resumed

Aug 28, 2023

Border Timbers Adjourns EGM to Consider Acquisition Offer

Border Timbers Limited, a prominent company in the timber industry, announced that their Extraordinary General Meeting (EGM) held on 18th August 2023 had been adjourned. The adjournment was necessary

Aug 22, 2023

Truworths Limited Successfully Concludes Rights Offer

Truworths Limited, a prominent retail company in Zimbabwe, has successfully concluded its highly anticipated Rights Offer, which closed on August 9, 2023. The results of the offer have been announced,

Aug 21, 2023

BNC Post Q1 Mixed Performance

The mining company, Bindura Nickel Corporation, has experienced growth in ore mined during the first quarter ended June 2023.  However, the company also faced challenges due to the deterioration of t

Aug 21, 2023

ART Holdings Volumes Growth Falters in Q3

Amalgamated Regional Trading Holdings Limited (ART Holdings) has witnessed a decline in volumes across its main categories, with the exception of the Eversharp and estates divisions. This decline was

Aug 21, 2023