Companies

Zimbabwe

Multichoice's Calculated Move: Can Showmax Stand Netflix’s Supremacy?

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
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment

Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3

 Feb 06, 2024
Zimbabwe
Khayah Cement Limited Faces Challenges Amidst Positive Volume Growth

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

 Feb 06, 2024
Zimbabwe
Corporate Action Summary

Ariston announced that it will be holding its 77th Annual General Meeting (AGM) in the Centenary Room, Royal Harare Golf Club, 5th Street Extension, Harare, Zimbabwe, on the 22nd of February, 2024, at

 Jan 29, 2024
Zimbabwe
Fizzing Festive Sales: Delta Sets New Records, But Sugar Tax Casts Bitter Shadow

Harare - Delta Corporation experienced unprecedented sales of soft drinks and beer during the Christmas season, setting new records. However, the company is concerned about the potential impact of a "

 Jan 25, 2024
Zimbabwe
Corporate Action Summary

The Board of Directors of PPC approved the introduction of an Executive Committee (EXCO) for its South African business, meant to improve profitability and operational efficiencies. The new roles incl

 Jan 22, 2024
World
The Sinking Ship : CFI Holdings' Fight Against Equity Erosion

CFI Holdings experienced a staggering 245.7% surge in revenue to ZWL 201.99 billion The company grappled with expense management challenges ultimately reporting a loss of ZWL 92.73 billion Negative

 Jan 12, 2024
Battling the Abyss: Ariston Holdings Limited Records a Whopping ZWL$33 billion Loss

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

Jan 10, 2024
The Brick Dilemma: Willdale Limited's Struggle with Power Outages and Intense Rivalry

Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper

Jan 09, 2024
Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity

Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas

Jan 03, 2024
BNC in Production Quandary

Bindura Nickel Corporation (BNC), a nickel miner listed on the Victoria Falls Stock Exchange, is currently facing significant challenges and a pessimistic outlook after remaining in a loss position fo

Dec 14, 2023

Seeds of Hope: Seed CO Int Narrows HY-Loss

Seed Co International, a well-known seed producer, has recently been listed on both the Victoria Falls Stock Exchange and the Botswana Stock Exchange. In a positive development, the company has manage

Dec 14, 2023

Is it Losing It? RioZim’s Production Quandary

ioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follows

Dec 05, 2023

Corporate Action Summary

PPC Limited announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of the Group. He formally took over from Roland van Wijnen from 01 December 2023.

Dec 04, 2023

Meikles Limited’s Profitability Crunch: PAT Dips as Sales Slumps

eikles Limited, a prominent diversified retailer in Zimbabwe with interests in both the retail and hospitality sectors, experienced a significant decline in profitability during the half-year period e

Dec 04, 2023

RioZim Boosts Gold Output by 13%

RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow

Nov 29, 2023

Invictus’ Mukuyu 2 Oil Discoveries: New Findings or Recycled Claims?

Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

Nov 29, 2023

ASUN Embarks on Recovery Trajectory, Post Growth in Q32023

After experiencing a significant loss of US$1.8 million in the first half of 2023, African Sun, the leading hotel group listed on the Victoria Falls Stock Exchange, has shown improvement in its perfor

Nov 27, 2023

Zimplow Edges Completion of Barzem Takeover

Zimplow, a company listed on the Victoria Falls Stock Exchange (VFEX), is making significant progress towards acquiring the equity ownership of Barzem, a company currently under the ownership of Barlo

Nov 27, 2023