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Zimbabwe

Riding the Hyperinflationary Storm: First Mutual Delivers Solid Q1’FY23 Performance

In the face of persistent macroeconomic instability and hyperinflation in Zimbabwe, First Mutual Holdings Limited was able to navigate treacherous waters to deliver a robust set of results for the qua

May 30, 2023

Companies

First Mutual Reports Half-Year Loss of US$33.69 Million

First Mutual Holdings Limited (FMHL) concluded the first half of 2024 with a significant loss of $33.69 million, a contrast to the $56 million profit reported in the same period last year. This downt

Sep 23, 2024

BAT’s Profit Surge Against Revenue Decline: A 582% Earnings Jump With Nothing to Do With Selling Cigarettes

BAT Zimbabwe has posted one of the most spectacular profit numbers in Zimbabwe's FY2025 earnings season, and probably, one of the most misleading according to its FY2025 financial results. The group

4 hours ago

Dairibord's Tax Bill Swallows 66% Profit Surge as ZIMRA's Reach Extends Into Boardrooms

Dairibord Zimbabwe Limited, the country’s largest milk processor and various mik products producer has recorded a 66% rise in profit before tax to US$5.34 million for the year ended 31 December 2025,

7 hours ago

The Turnaround That Isn't: ZECO's Profit Rests on Income Auditors Flagged Misstated

ZECO Holdings Limited's FY2025 financial statements has presented a company in transition, from loss to profit, from contraction to modest revenue growth, from strategic uncertainty to a new directio

Apr 02, 2026

Revenue Up 75%, Cash Down 99%: Unifreight's FY2025 Results and Working Capital Crisis

Unifreight Africa Limited, the Zimbabwe Stock Exchange-listed road transport and logistics group formerly known as Pioneer Corporation Africa which operates a fleet-intensive road transport business

Apr 02, 2026

Wheat Triples, Maize Doubles: Cereal Imports Bill Surges as Food Dependency Deepens

Zimbabwe's cereal imports rose sharply in February 2026, according to the latest data from ZimStat. Maize imports surged 48.3% to US$44.93 million from US$30.28 million in January, while wheat imports

Apr 01, 2026

February Trade Snapshot: 5 Straight Surpluses, Imports Triple, 80% of Earnings Flow to Two Countries at War

Zimbabwe's merchandise trade recorded a surplus of US$46.5 million in February 2026, according to the latest trade data, marking the fifth straight surplus, the best performance in Zimbabwe’s trade.

Apr 01, 2026

Import Surge Compresses Trade Surplus, Exposing Demand Recovery Pressures

The latest trade movements signal an economy that is gaining momentum on the demand side while remaining structurally dependent on external supply. The key variable now shifts to whether Zimbabwe can

Mar 31, 2026

Zimbabwe’s Pension Growth Story Masks a State Default Crisis

Every month, an employer in Zimbabwe's formal sector is legally required to deduct a pension contribution from each employee's salary and remit both that deduction and the employer's matching portion