Search results for 'divestment'
Companies
Iconic Monomotapa Hotel Put on Sale

The iconic Monomotapa Hotel has officially been placed on the market, as announced by its parent company, African Sun. This development was disclosed through a circular posted on the Victoria Falls St

Nov 06, 2024
Companies
Nampak Sells Majority Stake in Zimbabwe Operations to TSL Limited

Nampak South Africa Limited (Nampak SA), a leading packaging company listed on the Zimbabwe Stock Exchange (ZSE), has finalised an agreement to sell a 51.43% stake in its Zimbabwe operations, Nampak Z

Apr 14, 2025
Companies
African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

May 21, 2025
Companies
Willdale Invests in All-Weather Plant as Losses Rise Fourfold on Low Working Capital

Willdale Limited, Zimbabwe’s sole publicly listed brick manufacturer, is divesting non-core real estate assets to fund a $3.5 million all-weather production facility and modernised brick-making equipm

Jul 09, 2025

Top Stories

ZCDC Cuts 400 Jobs as Global Diamond Industry Faces Major Crisis

Zimbabwe Consolidated Diamond Company (ZCDC), the country’s largest state-owned diamond miner, has confirmed the retrenchment of 400 employees, a move that reflects the worsening crisis in the global

11 hours ago

Zimbabwe's Gold Deliveries Hit Historic Peak Since 2021

Zimbabwe’s gold deliveries to Fidelity Printers and Refiners (FPR) in June 2025 reached 4.27 tonnes, marking a significant increase from May’s 3.49 tonnes, driven primarily by contributions from Artis

12 hours ago

ZSE Lifts Suspension on Meikles Limited, Trading Resumes

The Zimbabwe Stock Exchange (ZSE) has officially lifted the suspension of trading in Meikles Limited shares, effective July 14, 2025, following the successful resolution of corporate governance concer

13 hours ago

Gold Weekly Wrap: Africa Investors Lag as Global Gold ETFs Surge to $400 Bn with Record H1 2025 Inflows

In the first half of 2025, global gold exchange-traded funds (ETFs) saw a remarkable resurgence, with inflows reaching US$38 billion, the highest semi-annual performance since H1 2020, driven by geopo

1 day ago

Zimbabwe Targets 50% Boost in 2025  Blueberry Output

Zimbabwe is projecting a 50% increase in blueberry production this year  rising from 8,000 tonnes in 2024 to 12,000 tonnes in 2025 as the country ramps up efforts to diversify its export portfolio and

1 day ago

ZiG Weekly Commentary: ZiG Achieves Record Appreciation, June Outperforms with Robust Late Rally

The Zimbabwe Gold (ZiG) currency exhibited robust appreciation in late June 2025, a trend that extended into July 2024, bolstered by an expansion in gold reserves and sustained tight monetary policy m

1 day ago

Weekend Read: Zimbabwe’s Gold Rush – Billions Earned, Billions Lost

Gold is Zimbabwe’s golden ticket, shining brighter than ever as the world’s chaos, wars in the Middle East, Russia’s invasion of Ukraine, and shaky U.S. support for Kyiv drive demand for this safe-hav

Jul 11, 2025

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

Jul 11, 2025