Search results for 'financial challenges'
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment

Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3

Feb 06, 2024
Zimbabwe
Cottco Holdings: Navigating Change and Pursuing a Path to Revival

Mutapa Investment Fund's acquisition of a 37.1% stake in Cottco reflects a strategic decision by the government to transfer its shareholding from the Ministry of Finance and Economic Development. This

Feb 08, 2024
Companies
Government's Failure to Pay Debt Forces Seed Co to Rely on Loans

The largest seed house in the country, Seed Co is currently struggling  with financial challenges attributed to delayed payments from the government, which owes the company US$8.6 million. This outst

Dec 06, 2024
Companies
Premier Issues New Shares to Raise £600 000 Capital for Zulu Project

Premier African Minerals Limited is raising £600,000 (approximately US$775,464) to support its operations, specifically targeting the Zulu Lithium and Tantalum Project ("Zulu") ,  issuing  new ordinar

Mar 11, 2025
Companies
Khayah Cement to Delist from ZSE, Plans Restructuring, Kiln Refurbishment

Khayah Cement Limited, one of the leading cement manufacturers plans to delist from the Zimbabwe Stock Exchange (ZSE) as part of a strategic restructuring effort to stabilize its operations according

Apr 29, 2025

Top Stories

New Leasing at Pomona Commercial Centre Drives Mash Holdings Q1 Revenue to US$2 Million

Mash Holdings , a leading real estate investment and development company  has recorded a 24% increase in revenue to US$1.7 million for the first quarter ended 31 March 2025 from US$1.4 million  in the

9 hours ago

Dairibord’s Exports Surge 36% in Q1, USD Dominate Sales at 95%

Largest milk processor, Dairibord Zimbabwe Limited’s export performance in Q1 2025 shone brightly, with a 36% year-on-year surge, underpinned by an 8% increase in raw milk intake to 9.95 million liter

12 hours ago

UK Changes Immigration Policy: Ban on Care Home Workers, 10-Year Residency Requirement, Focus on High-Skilled Labour and More

The United Kingdom has introduced a series of stringent immigration reforms through its 2025 Immigration White Paper, aimed at reducing net migration and prioritising high-skilled workers to bolster e

14 hours ago

GMB Secures Funds for Wheat Farmers' Payments

The Grain Marketing Board (GMB) has secured USD 5 million and ZWG 15 million this week to settle outstanding wheat payments, pushing total disbursements to USD 28 million and ZWG 230 million, accordin

14 hours ago

Cassava Technologies Partners Zindi to Bring AI Innovation,GPUaaS to Africa

Cassava Technologies, a global technology leader with African roots, has signed a Memorandum of Understanding with Zindi, Africa’s largest professional network for data scientists, to deliver transfor

1 day ago

Zimbabwe Records Highest Monthly Gold Deliveries in April Since 2021

Zimbabwe’s gold deliveries in April 2025 reached 3.86 tonnes, a robust 38.3% increase from March’s 2.79 tonnes, according to Fidelity Gold Refiners. Small-scale miners led the charge with  2.93 tonne

1 day ago

Unlocking Africa's Potential: Key Discussions Unfold at Ongoing Africa CEO Forum

The 12th edition of the Africa CEO Forum (ACF) has kicked off in Abidjan, Côte d’Ivoire yesterday and still  ongoing  with the summit concluding today. Co-hosted by Jeune Afrique Media Group and the

1 day ago

Tigere’s Net Property Income Surges to Half a Million in Q1 25

Tigere Property Fund , a real estate firm listed on the Zimbabwe Stock Exchange (ZSE) has recorded a total of US$535 632 in net property income for the first quarter ended 31 March 2025 from US$ 376 4

1 day ago