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
Companies
Rutanhi Beverages Underwrites Tanganda Tea Rights Issue, Raises Control Stakes

Tanganda Tea Company, the leading diversified tea enterprise listed on the Zimbabwe Stock Exchange, has introduced the possibility of a shift in control after securing full underwriting for its US$8 m

Jan 28, 2026
Companies
Tanganda Shareholders Approve US$8m Capital Raise, Strengthening Innscor Entry Path

Tanganda Tea Company Limited has secured shareholder approval to raise US$8 million through a renounceable rights offer, a capital injection expected to stabilise the Zimbabwe Stock Exchange-listed  d

Feb 19, 2026

Top Stories

Old Mutual Restores Trading on VFEX, Cements the USD Bourse as Zimbabwe’s Blue Chip Market

Old Mutual’s decision to migrate its suspended secondary listing from the Zimbabwe Stock Exchange to the Victoria Falls Stock Exchange resolves a six year trading freeze for Zimbabwean shareholders an

11 hours ago

Zimbabwe's Medical Services Amendment Act: A Noble Premise Built on a Dangerous Assumption

Zimbabwe has gazetted the Medical Services Amendment Act, 2026 on the 7th of July 2026, legally requiring private hospitals to admit and provide emergency treatment to patients with life-threatening c

14 hours ago

No Dollars, No Fuel: Mozambique's Crisis Reveals New Energy Risk

Mozambique has established a US$50 million foreign currency payment facility to restore nationwide fuel supplies after months of shortages caused by US dollar liquidity constraints that prevented dist

1 day ago

Grand Hyatt to Return Kingdom Hotel to Victoria Falls in 2027

Hyatt Hotels Corporation will reopen the former Kingdom Hotel in Victoria Falls as Grand Hyatt Victoria Falls The Kingdom in late 2027 after signing a management agreement with an affiliate of Dubai b

1 day ago

Gokwe Cotton City: Can Zimbabwe Build a Textile Economy from the Ground Up?

Zimbabwe marketed 5,079,907 kilograms of seed cotton by 18 June 2026. At the same point in 2025, the figure was 310,625 kilograms. That 1,536% difference in early-season marketing volumes is the singl

Jul 09, 2026

Higher Ethanol Blend, Higher Pump Price: How Fuel Prices Compare Globally After ZERA’s Fuel Cuts

Zimbabwe's Energy Regulatory Authority has reduced petroleum prices effective 8 July 2026, bringing diesel from USD 1.99 to USD 1.87 per litre, a reduction of USD 0.12 or 6%, and blend E20 from USD 1.

Jul 09, 2026

How Gastronomy Tourism Can Change Zimbabwe’s Tourism Calculus

Zimbabwe's tourism sector recorded international tourist arrivals of 384,515 in the first quarter of 2026, an 11% increase from 347,555 in the same period of 2025, with total tourism revenue rising 14

Jul 09, 2026

Airport Expansion Repriced Arlington Deal, Transvaal Says

Transvaal Africa has attributed the collapse of its proposed acquisition of part of PPC Zimbabwe’s Arlington Estate to a sequence of legal proceedings, government infrastructure decisions and airport

Jul 08, 2026