Companies

Companies

Innscor's Downpacked Unit Incurs 23% Contraction Amid Controversial Shifting Govt Tax on Rice

Innscor Africa Limited, a blue-chip firm listed on the Zimbabwe Stock Exchange (ZSE) and the largest food processor in the country, has reported a 23% contraction in the performance of its downpacked

May 20, 2024
Companies
Edgars Suffers Heavy Trading Loss, Sales Contraction Despite Sustained Profitability

Trading loss shoot to ZWL46 billion from ZWL36 billion in trading profit Operating loss of ZWL81 billion from an operating profit of ZWL38 billion However, it achieved an after-tax profit Harare- In a

 May 20, 2024
Companies
National Foods Laments 'Statutory Instrument' Run Economy After Tough Q1

National Foods, the largest food manufacturing and distribution company in Zimbabwe, has expressed concerns about the challenges posed by the government's continuously evolving policy landscape durin

 May 17, 2024
Companies
ZB Financial Total Income Surpasses 2 Trillion in 3 Months

ZB Financial Holdings, a diversified financial arm listed on the Zimbabwe Stock Exchange (ZSE), has surpassed ZWL2 trillion in total income within a three-month period setting the full-year 2024 fisca

 May 15, 2024
Companies
Mash Holdings Set to Complete Pomona Project: Milton Park, Mashview Gardens Projects Completed

Following a remarkable 30% increase in revenue during the first quarter to March 2023, with 74% of rental income in US dollars, Mashonaland Holdings has set its sights on a new target, the completion

 May 15, 2024
Companies
Dairibord US Dollar Sales Surge to 85%, Raw Milk Intake Exceeds 9 Million Litres

Dairibord Limited, Zimbabwe's largest milk processor, experienced a significant surge in US dollar sales, with an 85% increase during the first quarter of 2024, which ended on March 31. This growth c

 May 15, 2024
Companies
Padenga Sets Tone on Firmer Note: Achieves Highest Gold Production in First Quarter

As gold continues to consolidate its significance not only due to its safe haven status amidst geo-economic global fragmentation but also its heightened relevance as Zimbabwe embraces ZiG, a gold-back

 May 15, 2024
Caledonia Faces Mounting Monetary Loss in Q124, Production Up 8%

Caledonia Mining Corporation, the second-largest gold producer in Zimbabwe, has experienced a significant increase in monetary losses due to the rapid depreciation of the local currency during the Jan

May 13, 2024
Edgars Stores’ Publication of Audited Results for FY2023 Delayed

Edgars Stores Limited, the largest clothing retailer, has announced a delay in the publication of its audited results for the 52-week period ended 7 January 2024, as stated in the company's latest cir

May 11, 2024
General Beltings Holdings Reports Significant Loss in FY23 as Volumes Decline

General Beltings Holdings, a manufacturer and distributor of conveyor beltings, rubber, and chemical products, experienced a significant decline in profitability in the fiscal year 2023. The company r

May 09, 2024
Elevating the Banking Experience: AFC Bank Partners Intellect Global Consumer Banking

AFC Commercial Bank, one of the leading Commercial banks in Zimbabwe, has partnered with Intellect Global Consumer Banking (IGCB) to modernize its banking operations by implementing an Intellect Digit

May 07, 2024

Fidelity Life Crosses 100 Billion in Net Profit

Fidelity Life, a diversified assurance company, achieved a significant milestone by surpassing ZWL 100 billion in net profit for the first time. During the 12-month period ended 31 December 2023, net

May 06, 2024

CBZ Suffers Doubled Monetary Loss in FY23, No Relief in Sight for New Fiscal Year

CBZ Holdings, a blue-chip company listed on the Zimbabwe Stock Exchange and known for its flagship asset, CBZ Bank, has experienced a substantial increase in monetary losses for the fiscal year ended

May 06, 2024

ZECO, Perennial Loss-Maker, Narrows Annual Loss by 84%

ZECO, a company owned by flamboyant businessman Philip Chiyangwa, has significantly reduced its annual losses for the full year ended 31 December 2023 by 84%, with a loss of ZWL3 billion compared to

May 05, 2024

Kingdom’s Demise Darkens ASUN's Bottom Line: FY23 Ends in Disarray

After the closure of the renowned Kingdom Hotel in Victoria Falls, African Sun (ASUN), the leading hotel group, experienced a period of below-average performance. The loss of the 294-roomed Kingdom Ho

May 04, 2024

Zimplats Reports Stable Growth, Profitability Hangs in Balance

ts Holdings Limited, the largest corporate entity in Zimbabwe, has reported stable quarter-on-quarter growth during the third quarter ended in March 2024. On a year-on-year basis, mining and milled vo

May 04, 2024

Zimplow Seals Barzem Takeover, Bolsters Market Dominance

Zimplow Holdings Limited, a leading manufacturer of agricultural products, has successfully completed a takeover of Barzem, acquiring 49% of the company's shares and making it a wholly owned subsidiar

May 02, 2024

Zimbabwe Stock Exchange Declares Dividend: A Blend of US Dollars and Zimbabwe Gold

The Zimbabwe Stock Exchange (ZSE) has declared a final dividend from the Company's profits for the full year ended 31 December 2023. This significant development reflects the ZSE's commitment to rewa

Apr 26, 2024

A Step Towards Sustainability: RTG’s Solar Investment Powers Kadoma Hotel

Kadoma Hotel, owned by Rainbow Tourism Group (RTG), has successfully harnessed the power of solar energy through its green investment. The installation of a 300KVa solar plant has enabled the hotel to

Apr 26, 2024