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 Exports Surpass $1 Billion for First Time, Imports Steal the Show at $1.03 Billion

Zimbabwe has achieved a historic milestone in October 2025, with monthly exports surpassing the US$1 billion threshold for the first time, reaching US$1.02 billion. This represented a strong 20.2% mo

2 hours ago

Econet Flags “Gross Undervaluation” as Board Eyes Possible "ZSE Delisting"

Zimbabwe’s largest telecommunications company, Econet Wireless Zimbabwe, has issued a cautionary statement to shareholders announcing that its board is evaluating strategic corporate actions that cou

6 hours ago

ZiG Defies Gravity: On Track for Best Annual Performance in 25 Years

Zimbabwe is experiencing one of the most remarkable gold production surges in its history, achieving a record 36.48 tonnes in 2024 after a dip to 30.1 tonnes in 2023, with 2025 now firmly on track to

Dec 05, 2025

Fiscal Fiasco to Gold Reckoning: Zimbabwe’s Boom Finally Pays the Treasury

Zimbabwe is experiencing one of the most remarkable gold production surges in its history, achieving a record 36.48 tonnes in 2024 after a dip to 30.1 tonnes in 2023, with 2025 now firmly on track to

Dec 04, 2025

Seed Co International Narrows Half-Year Losses by 93% in HY 2026

Seed Co International Limited (SCIL) has delivered its strongest interim performance in years after narrowing its loss for the six months to 30 September 2025 to  US$0.2 million, an improvement  from

Dec 04, 2025

You Win, We Take: Govt Doubles Down With 25% Betting Tax

Finance Minister Mthuli Ncube has proposed to raise the tax on betting winnings to 25% from the current 10%, according to the 2026 National Budget, marking a significant escalation of government’s eff

Dec 04, 2025

Mthuli’s 2026 Budget : Drops Tax Hammer on Miners, Hands Citizens the Keys to Gold

Finance, Economic Development and Investor Promotion Minister, Professor Mthuli Ncube has tabled the most aggressive mining tax reforms since dollarisation, aimed at lifting the sector’s effective con

Dec 03, 2025

Hidden Potential: Zimbabwe’s 100-Tonne Gold Horizon Within Reach

Zimbabwe's gold sector continues its meteoric ascent, a testament to resilient operators navigating macroeconomic headwinds and structural reforms amid a global bull market for the yellow metal. In Oc

Dec 02, 2025