Search results for 'capital raise'
World
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
Zimbabwe
Pick n Pay's Transformative R4bn Capital Raise

Pick n Pay, a leading South African retailer, has successfully raised a substantial R4 billion (US$218 million) through a rights offer that was oversubscribed, reflecting strong investor confidence in

Aug 08, 2024
Companies
Tanganda Seeks to Raise US$7.7 Million, Eyes VFEX Listing

Tanganda Tea Company Limited is aiming to list on the US dollar-denominated Victoria Falls Stock Exchange (VFEX) while raising US$7.7 million through a renounceable rights offer. This move is outlined

Oct 29, 2024
Companies
OK Zimbabwe Seeks $30 Million to Tackle Stockouts, Debt

OK Zimbabwe Limited, the country’s largest retail operator by store count, is seeking to raise up to US$30 million to stabilize its finances amid a brutal operating environment that has pushed it to c

Apr 02, 2025
Companies
OK Zimbabwe Shuts Food Lovers Market Franchise Outlets

Less than two years after its ambitious acquisition of Food Lover’s Market franchises, OK Zimbabwe Limited, the country’s largest retailer by store count with over 70 branches, is set to close its pre

Jun 04, 2025
Companies
OK Zimbabwe Raises US$20m, Boosts US$30m Turnaround Plan

OK Zimbabwe Limited, the country’s largest supermarket chain by store count, has successfully raised US$20 million through a fully subscribed renounceable rights offer, according to the latest circula

Aug 14, 2025

Top Stories

Zimbabwe’s Dual-Currency Inflation Eases: ZiG, USD Show Downward Trend

Zimbabwe’s inflation, measured in both ZiG (Zimbabwe Gold) and US dollar terms, experienced a significant decline in August 2025, signaling improved macroeconomic stability. According to Zimstat, an

21 hours ago

FBC Holdings Reshapes Revenue Model, Prioritizes Core Operations

FBC Holdings Limited has embarked on a strategic transformation, shifting its revenue base away from volatile hedging and investment revaluation gains toward sustainable core income streams, signallin

Aug 29, 2025

Mash Holdings’ Rental Income Grows 15% Spurred by New Tenants at Pomona Centre

Mashonaland Holdings Limited, a prominent property and investment company listed on the Zimbabwe Stock Exchange (ZSE), reported strong rental income growth in the first half of 2025,  by its developme

Aug 28, 2025

Invictus Energy’s Share Price Rally Biggest Since 2023 After Al Mansour’s US$25M Investment, US$500M Future Commitment

Invictus Energy, an Australian-listed exploration company with a market capitalisation of approximately US$55 million, experienced a dramatic surge in its share price, rising from AUD 0.050 on August

Aug 27, 2025

Africa’s Solar Imports Hit Record High, Zimbabwe Lags Over Policy , Costs

Africa’s solar energy landscape underwent a dramatic transformation, with solar imports from China soaring by 60% to a record-breaking 15,032 megawatts (MW) across 20 nations in the 12 months ended Ju

Aug 27, 2025

RBZ Redesigns ZiG : Should People Fear a Repeat of Past Currency Failures?

The Reserve Bank of Zimbabwe (RBZ) is redesigning its Zimbabwe Gold (ZiG) banknotes to improve their quality, durability, and security features, as part of its broader de-dollarisation strategy aiming

Aug 26, 2025

ZB Launches New Insurance, Core Banking Systems for Digital Edge

ZB Financial Holdings, Fusion Essence, Life Central, digital transformation, core banking system, insurance system, Smile Cash, financial inclusion, Zimbabwe banking, ESG strategy,

Aug 26, 2025

Deceptive Strength: ZiG’s Stability Masks Growing Arrears Crisis

In the week to 25 August 2025, the Zimbabwe Gold (ZiG) exhibited remarkable stability, experiencing a marginal depreciation of 0.02%, moving from an exchange rate of 26.7683 on August 19, 2025, to 26.

Aug 25, 2025