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

Ramaphosa Rejects Trump’s G20 Exclusion: “South Africa Remains a Full Member”

he U.S. President Donald Trump has announced yesterday, the 26th of November 2025 that South Africa would be barred from attending the 2026 G20 Summit, set to be hosted in Miami, Florida. Speaking fr

Nov 27, 2025

ZiG Appreciates 5 Straight Sessions Amid Dollar Meltdown

The Zimbabwe Gold (ZiG) opened the week of 24 November 2025 stronger at 26.2965 per US dollar, marking a notable firming from 26.3218 recorded on Friday 21 November and a significant appreciation from

Nov 27, 2025

CAFCA Bleeds as Cheap Imports Flood Market: Volumes Down 8%, Profit -68%

Zimbabwe's only listed cables manufacturer, CAFCA has faced a challenging fiscal year ended 30 September 2025, marked by an 8% year-on-year decline in volumes that reflects the vulnerabilities of loca

Nov 27, 2025

OK Zimbabwe Market Update: Revenue Remains Below Break-Even, 3 More Stores to Close

Retail giant OK Zimbabwe Limited has released a crucial market update, providing shareholders and stakeholders with a transparent view of its ongoing battle to return to financial health. Following ca

Nov 21, 2025

Econet Joins Delta in US$1 Billion Club Race, H1 Revenue Surpasses US$500m on Voice Traffic, Data Dominance

Econet Wireless Zimbabwe delivered a robust financial performance for the half-year ended 30 September 2025, posting group revenue of ZiG 13.5 billion, representing a 39% year-on-year increase from Zi

Nov 19, 2025

Beverages Behemoth: Delta to Become Third Billion-Dollar Corporate in 2026

n the resilient yet turbulent landscape of Zimbabwe's economy, few companies embody the nation's unyielding spirit quite like Delta Corporation Limited. As the blue-chip behemoth of the Zimbabwe Stock

Nov 18, 2025

Zimbabwe Gold Investment Conference 2025: Zimbabwe's Golden Data Gap

The presentation by Dr. Godknows Njowa at the Zimbabwe Gold Investment Conference 2025 offers a sobering yet strategically vital analysis of the intersection between mineral reporting, exploration, an

Nov 17, 2025

BAT Zimbabwe Volumes Fall 7% as USD Pricing Squeezes Consumer Demand

British American Tobacco Zimbabwe (BAT) , a cigarette maker and distributor has recorded a 7% decline in sales volumes for the nine months to 30 September 2025 according to the latest trading update.

Nov 17, 2025