Search results for 'corporate rescue'
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
Companies
Khayah Cement to Go Private as Creditors Back Delisting, Fossil Mining Exit Looms

Khayah Cement creditors have approved a plan to delist the company from the Zimbabwe Stock Exchange, a move that sets the stage for majority shareholder Fossil Mining to potentially exit its investmen

May 21, 2025
Companies
Truworths Delists from ZSE After 44 Years of Operation

The Zimbabwe Stock Exchange Limited (ZSE) has officially terminated the listing of Truworths effective 22 July 2025, following a series of developments that reflect the challenging operating environme

Jul 24, 2025
Companies
Revival of RioZim: Reopens Mines, Eyes Profitability in Soaring Gold Market

ioZim Limited, once a powerhouse in Zimbabwe's mining sector and the third-largest gold producer in 2020 just behind Caledonia and Freda Rebecca, has endured a prolonged period of decline marked by op

Nov 04, 2025
Zimbabwe
City Parking Fees Cut to US$0.50, Licensing Overhaul Takes Legal Effect

The Government has cut city parking fees to US$0.50 cents per hour from US$1 per hour as part of a sweeping overhaul of business licensing and municipal charges now formalised under Statutory Instrume

Mar 02, 2026
Companies
How Government Brought OK Zimbabwe to Its Knees: And Reformed Later

When OK Zimbabwe, the country's largest listed supermarket chain and a retail institution founded in 1953, filed for corporate rescue on 24 February 2026, it did not come as a shock to those who had

Mar 05, 2026
Companies
Telecel's Valuation Trap: Buying a Broken Network to Own a Permanent Licence

Telecel Zimbabwe, once the historically second-largest mobile operator in the country with 1.92 million active subscribers and a 15.1% market share as recently as 2015, is currently operating under vo

May 07, 2026
Companies
RioZim Faces Fresh Corporate Rescue Bid as Second Distress Claim Hits in 12 Months

RioZim Limited, one of Zimbabwe's most storied mining companies, has been forced into a public defensive posture after a minority shareholder holding a fraction of a percent of its issued share capita

May 11, 2026

Top Stories

China Opened the Gate: Zimbabwe’s Horticulture Sector Must Now Meet the Standard

Zimbabwe’s horticultural trade relationship with China entered a structurally new phase on 1 May 2026, when Beijing’s zero-tariff policy for 53 African countries came into full effect. For Zimbabwean

4 hours ago

What Does ASB’s US$30m Kingdom Hotel Deal Say About Victoria Falls Tourism?

When the Competition and Tariff Commission approved the acquisition of Makasa Sun by ASB Hospitality LLC without conditions in February 2026, the regulatory decision ran to a paragraph. The transactio

5 hours ago

Milk Production Climbs to 40m Litres, Imports Expose Dairy Processing Deficit

Zimbabwe's commercial milk production grew 7% to 40 million litres in the first four months of 2026, up from 38 million litres in the comparable period last year, as the country edges toward what gove

1 day ago

NMB vs First Capital: What Q1 Results Reveal About Two Different Banking Strategies

NMB Holdings, has reported profit after tax of USD 8.34 million for the first quarter ended 31 March 2026, against USD 2.52 million in Q1 2025, a 231% increase according to the latest trading update.

1 day ago

First Capital’s Deposit Base Surges as Customer Confidence Deepens

First Capital Bank has reported total income of USD 23 million for the first quarter ended 31 March 2026, a 20% increase on the prior year according to the latest trading update. Customer deposits gr

1 day ago

What Do ZB’s Q1 Results Say Against Other Banks?

ZB Financial Holdings’ reported first quarter 2026 results have seen a divergent performance across its four core revenue streams, characterised by both growth and declines. Commissions and fees grew

1 day ago

Gold Sector Rebounds in April: ASM Weakness, a Botched Policy Call Cast Shadow Over 50-Tonne Target

Zimbabwe’s gold sector delivered 3,324.6 kilograms in April 2026, a 16.5% recovery from the 2,854.0 kilograms recorded in March, driven by a sharp rebound in artisanal and small-scale mining output th

1 day ago

What Is Happening in the Tobacco Marketing Season? Updates on Day 52

Zimbabwe’s 2026 flue-cured virginia tobacco marketing season has reached Day 52 with a volume performance that continues to outpace last year by a significant margin, while the price gap against 2025

1 day ago