Search results for 'acquisition'
Companies
RTG’s Ongoing Acquisition Negotiations Continue

Rainbow Tourism Group Limited, a prominent player in the hospitality sector listed on the Zimbabwe Stock Exchange has released its fourth cautionary statement regarding the ongoing negotiations for th

Sep 18, 2023
Zimbabwe
What Does Revival of Bilboes Mean for Zim's Gold Arena in Near and Long Term?

Caledonia Mining Corporation has announced that it will revive the Bilboes Mine operations in Zimbabwe through a single-phase development approach, a decision expected to provide improved cash generat

Jun 05, 2024
Companies
Varun Beverages Expands into Snacks: Targets $177 Million Zimbabwean Market

run Beverages, the second-largest PepsiCo franchise bottler globally, is venturing into the snacks business after a successful performance in the beverages segment. The company, founded in 1995 and h

Jul 16, 2024
Companies
Highland Park Phase 2 Acquisition: Tigere's Blueprint for Q4 Growth

Tigere Property Fund has made a strategic move to bolster its performance in the fourth quarter of the 2024 financial year with the acquisition of Highland Park Phase 2. This addition is expected to

Oct 22, 2024
Companies
RTG to Acquire Montclair Hotel for US$5 Million, Expands Portfolio to 7

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has entered into a definitive agreement to acquire Nyanga's Montclair Hotel and Casino for US$5 million. The acquis

Nov 25, 2024
Companies
TSL Exits Non-Core Ventures , Expands into New Opportunities

TSL Limited , a diversified holding company with interests in tobacco auctioning, printing and packaging, agricultural inputs, storage and distribution, and services has embarked on a significant rest

Mar 03, 2025
Companies
TSL Profit More Than Halves to US$3.62 Million in FY 24

TSL Limited, a diversified Zimbabwe Stock Exchange-listed company, experienced a sharp 55% decline in profit after tax from continuing operations, falling to US$3.62 million for the fiscal year ended

Mar 04, 2025
Companies
Padenga Strikes Gold with Full Dallaglio Acquisition

Padenga Holdings Ltd. has solidified its transformation from crocodile skin producer to mining contender by acquiring full ownership of Dallaglio Investments, its gold mining subsidiary, through a 253

Mar 10, 2025
Companies
RTG Declares US$2.5 Million Dividend After Stellar FY2024 Performance

Rainbow Tourism Group Limited (RTG) has declared  total dividend of US$2.5 million for the year ended 31 December 2024, an increase from the US$1.5 million declared in 2023, following a stellar perfor

Mar 13, 2025
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
TSL’s Volume Growth Spurs 43% Profit Surge in HY to US$4 Million

TSL Limited , a diversified holding company with interests in tobacco auctioning, printing and packaging, agricultural inputs, storage and distribution, and services has posted a 43% increase in profi

Jun 30, 2025

Top Stories

Trump’s Tariffs Take Effect Today: Zimbabwe’s Export Levy Slashed from 18%

President Donald Trump’s new tariff regime kicks off today, on the first of August 2025, with Zimbabwe facing a 15% ad valorem tariff on its exports to the United States, moderated from an initial pro

13 hours ago

Ariston Holdings Posts Early Recovery Signs in HY2025

Ariston Holdings Limited, a diversified agricultural company, has reduced its net loss from US$2.1 million  to US$1.44 million a 32% decline in losses according to the financial statement for the six

1 day ago

Nickel, Coal Dominate Zimbabwe’s SADC, AfCFTA Exports Amid Trade Imbalance

Zimbabwe’s trade deficit widened to USD 158.5 million in June 2025, a 2.9% increase from May’s USD 154.0 million, despite record gold exports and influence of regional trade policies under frameworks

1 day ago

Zimbabwe's Inflation Soars in ZiG, USD Terms: Widens Gap with SADC Peers

Zimbabwe’s inflation in July surged in both ZiG terms and US dollar terms driven by a unique blend of domestic policy shifts and external pressures. According to the latest trade data from Zimstat, a

Jul 30, 2025

Record Winter Lager Sales Fuel Delta’s Q1 Revenue Surge

Delta Corporation, Zimbabwe’s largest beverage manufacturer has recorded a 25% year on year increase in revenue for the first quarter ended 30 June 2025 according to its latest update. The growth was

Jul 30, 2025

Afdis Toasts Record Q1 Growth: Anti-Smuggling Blitz Fuels Turnover Surge

Afdis, Zimbabwe’s leading spirits and wine producer, has commended the government’s anti-smuggling initiatives, which have significantly boosted the company’s performance in the first quarter ending J

Jul 30, 2025

Illicit Capital Floods Zimbabwe’s REITs: Tigere Maintains Full Occupancy Amid Concerns

A concerning surge in illicit capital inflows and fuel arbitrage, is increasingly being channelled into Zimbabwe’s urban commercial property market, including the real estate investment trust (REIT) s

Jul 29, 2025

Controlled Exchange Rates, ZiG Devaluation Sink Meikles into FY2025 Financial Loss

Meikles Limited, Zimbabwe’s second-largest retailer by store count, reported a significant financial setback in FY2025, plunging into a loss of ZWG 264 million from continuing operations, a contrast t

Jul 29, 2025