Search results for 'diversification'
Technology
Letshego's Digital Transformation Drives Revenue Growth and Product Diversification

Letshego's digital transformation journey has yielded impressive results, with 60% of its core customers migrating to the Digital Mall platform. This represents a remarkable 38% year-on-year increase

Aug 28, 2023
Mining
China's Metal Pricing Influence: Implications for African Miners and Governments in a Changing Landscape

The London Metal Exchange (LME) plans to introduce new metals contracts based on prices from the Shanghai Futures Exchange (SHFE), according to Reuters. This collaborative effort if it consummates cou

Dec 19, 2023
Companies
Mash Holdings Delivers Robust Growth in First 5 Months of 2024

Mash Holdings, a leading real estate investment and development company, has reported a strong start to 2024 with impressive financial and operational metrics in its initial five months of the year.

Jun 20, 2024
Companies
Tanganda Sustains Profitability Despite Depressed HY Performance

Tanganda Tea Company, the leading diversified tea enterprise listed on the Zimbabwe Stock Exchange, has demonstrated remarkable resilience in navigating the challenges of the 1HY ended 31 March 2024.

Jul 19, 2024
Companies
Ariston's Sweet Pot: Tea Soars, Macadamia Powers Earnings in Q3

Ariston Holdings Limited, a prominent agricultural company, has reported a significant surge in tea production during its latest third quarter trading update for the period ended June 30, 2024. The c

Jul 30, 2024
Companies
Macadamia Boom Mitigates Tanganda’s Tea Dip

anganda Tea Company, a leading producer in Zimbabwe, has reported mixed results for the third quarter of its financial year, with a strong performance in macadamia production offsetting a decline in t

Aug 16, 2024
Companies
Sweet Production, Sour Sales: Impact of ZiG, Policy Slippages Hippo Valley’s Q1

Hippo Valley, Zimbabwe's largest sugar heavyweight , has reported a satisfactory first quarter ended 30 June 2024, despite facing a perfect storm of challenges. While the company saw a 6% increase in

Aug 19, 2024
Companies
Zimplats Doubles Down on Growth: Invests US$440 Million in Projects

Zimplats, Zimbabwe’s largest corporate despite facing challenging market conditions, demonstrated a strong commitment to future growth by investing US$440 million in mine replacement and expansion pro

Aug 21, 2024

Top Stories

Simbisa Customer Counts reaches 12.1miliion in Q1 2025

Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the

Nov 22, 2024

First Capital's Non-Performing Loan Ratio Falls Below 3% Amid Restructuring

First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process

Nov 22, 2024

Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Nov 22, 2024

Proplastics Reports Subdued YTD Performance with Production, Sales Down

Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio

Nov 21, 2024

Pomona City Drives Westprop's Q3 Robust Performance

WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11%  to its year-to-date revenue in a trading update for the period ended 30 Sept

Nov 20, 2024

EcoCash Holdings’ HY Performance: Posts 185% Deposits Surge, 91% Loan Growth

EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa

Nov 20, 2024

Zimplow Holdings on Recovery Path: Q3 Performance Sparks Optimism

Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.

Nov 20, 2024

NMB Loan Book More Than Doubles in Q3, USD Denominates Deposits at 87%

NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful

Nov 19, 2024