Search results for 'Q1 results'
Companies
Innscor Starts FY25 on Firmer Note, but VAT Changes Weigh on Industry

Largest foods processor, Innscor Africa Limited has posted a solid Q1 performance for the period to 30 September 2024. This performance which saw over 90% of its units on the upward trend, sustain gro

Nov 19, 2024
Companies
National Foods Defy Odds: Earns Over US$100M Revenue in Just 3 Months, Despite Changes in VAT, Power Woes

National Foods, the country's leading food producer, achieved a remarkable milestone, surpassing the US$100 million mark in just three months of FY2025 (Q1), despite challenges posed by power outages

Nov 19, 2024
Companies
Rising Copper Prices, Strategic Pivot to Aluminium: Analysing CAFCA’s Strategic Shift

The surge in global copper prices, while often interpreted as a positive indicator for mining-heavy economies, presents a significant cost burden for manufacturers like CAFCA, which rely heavily on co

Mar 14, 2025
Companies
Unifreight Projects US$32 Million Turnover for FY2025, Betting on  Cross-Border, 4PL Units

Unifreight Africa is projecting a FY2025 top line of US$32 million building on its latest investments in Fourth-Party Logistics (4PL) and Cross Border Units which came online barely 12 months having l

May 27, 2025

Top Stories

Global Economic Growth Slows to 2.3%: The Weakest Rate Since 2008

The World Bank’s latest Global Economic Prospects report has painted a sobering picture of the global economy, projecting global growth to decelerate to 2.3% in 2025, the slowest pace since the 2008 f

1 day ago

EcoCash Holdings Rebrands to TN CyberTech Investments

EcoCash Holdings Zimbabwe Limited has officially changed its name to TN CyberTech Investments Holdings Limited, marking a significant milestone in the company's evolution according to Ecocash holding’

1 day ago

ZiG Weekly Commentary: Analysing Risks of IMF's Mono-Currency Approach

The Zimbabwe Gold (ZiG), has sustained marginal erosion as it struggles to find course. Week on week,  the ZiG closed at 26.9768 per USD on the 1th of June 2025, a marginal decline from 26.9401 the pr

1 day ago

Edgars commits US$1m to revitalize Carousel manufacturing division

Edgars Stores Limited, Zimbabwe’s largest clothing listed on the Victoria Falls Stock Exchange has  invested  US$1 million in its Carousel Manufacturing division according to the group’s latest financ

1 day ago

Gold Weekly Review: A Bumpy May Finishes Flat

Gold prices ended May 2025 nearly unchanged, dipping just 0.7% to US$3,278 per ounce. Despite this flat finish, prices bounced around during the month due to mixed economic signals. Gold has had a st

Jun 16, 2025

Zimbabwe's Gold Output Hits 16 Tonnes in 5 Months, Highest on Record

Zimbabwe’s year-to-date gold deliveries have risen to 15.8 tonnes, the highest on record according to the latest data from Fidelity Gold Refinery (FGR). This was despite May deliveries decreasing by

Jun 11, 2025

TN CyberTech Bank to Become Zimbabwe’s First Neobank

TN CyberTech Bank Limited, formerly known as Steward Bank, is set to become Zimbabwe’s first neobank, according to EcoCash Holdings’ latest full-year financial statement for the year ended 28 February

Jun 10, 2025

Botswana Scales Down Diamond Production Amid Global Diamond Market Collapse

Debswana Diamond Company, a 50-50 joint venture between the Botswana government and De Beers, has temporarily halted production at its Jwaneng Cut 9 and Orapa mines, following earlier suspensions at t

Jun 09, 2025