Pfuma Fund, a Real Estate Investment Trust (REIT) in Zimbabwe that invests in commercial and retail properties has completed its US$6.94 million acquisition of Cork Corner in Avondale, issuing 69.4 mi
Aug 31, 2026
FBC Re Botswana expanded its footprint to 21 African markets during the first half of 2026, six more than a year earlier, while revenue fell 41.5% to US$470,000 and profit before tax declined 56% to U
Mashonaland Holdings has converted relatively modest revenue growth into a considerably stronger operating result during the six months to June 2026. According to the latest results. Revenue increased
Crown Bank generated US$3.3 million in profit before tax during the first half of 2026, up 344.3% year on year, as FBC Holdings rebuilt the former Standard Chartered Zimbabwe franchise following disru
Karo Platinum’s five year concentrate purchase agreement with Valterra Platinum removes a major commercial uncertainty from a project that has moved through four years of construction, weaker PGM pric
Zimbabwe has approved almost US$1.59 billion of new investment proposals during the second quarter of 2026, although the more consequential number sits outside the licensing table. It is the amount of
First Capital Bank has started putting its rapidly growing deposit base to work, although the destination of that money gives a more precise picture of the strategy than the headline 28% increase in l
The 2025 loss confirms that the earnings contribution from that rehabilitation remained limited during the reporting period. ZCCM-IH’s exposure gives the state substantial participation in any success
Dinson Iron and Steel Company the Zimbabwean subsidiary of Chinese steel and nickel group Tsingshan Holding Groupplans to increase annual steel capacity at its Manhize plant from 600,000 tonnes to abo
Dairibord Holdings has recorded a 30% decline in export volumes during the six months to June 2026 as stronger domestic demand absorbed more of the company’s production. The decline was attributed t
AFC Land and Development Bank is sitting on a 12.65% non-performing loan ratio which exposes a funding mismatch inside Zimbabwe’s agricultural credit system. The bank is carrying losses generated by c
CBZ Holdings is set to provide US$100 million towards rehabilitation and upgrading of the Harare Chirundu Highway, placing one of Zimbabwe’s largest banking groups directly inside the financing of a s
Dairibord Holdings, Zimbabwe’s biggest milk processor has begun extracting a stronger return from the production capacity built across its factories, with higher throughput now reaching margins and o
African Sun is moving to dispose of its Holiday Inn operations in Harare, Bulawayo and Mutare to finance the acquisition of Meikles Hospitality's 50% interest in the Victoria Falls Hotel Partnership a
Stanbic Bank Zimbabwe's integration of UnionPay e-commerce acceptance unlocks a vital new stream of international merchant transactions. As regulatory pressures in Zimbabwe drive down routine domestic
Nampak Zimbabwe’s controlling shareholder remains in discussions with potential acquirers almost two years after agreeing a US$25 million exit that subsequently collapsed, extending a disposal process
Zimbabwe’s only listed cables manufacturer CAFCA Limited, has recorded a 147% increase in profit before tax during the nine months to June 2026, with stronger cable demand lifting volumes and allowing
CFI Holdings has recorded an 86% increase in wheat flour volumes at Victoria Foods during the June quarter, extending a shift in the group’s operating momentum towards food processing as Farm & City
Tanganda Tea Company has closed a US$8 million rights offer that lifted cash to US$5.18 million at 31 March 2026, from US$519,561 six months earlier, moving the binding constraint on its recovery from
