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

PPC Arlington Sale Lapses ,US$30 Million Capital Allocation Plan Returns to Drawing Board

Pretoria Portland Cement Zimbabwe's planned monetisation of its 418-hectare Arlington Estate has been pushed back after the disposal agreement with Transvaal Africa lapsed following the purchaser's fa

22 minutes ago

Hippo Valley Posts Standout FY26 Performance, FY27 Tests Its Earnings Base

Hippo Valley Estates Limited, Zimbabwe's largest ZSE listed sugar producer, has reported a revenue growth of $220.8 million, a 15% increase from $191.6 million according to the latest results for the

28 minutes ago

Zimbabwe Rejects Lithium Extension: Is the Industry Ready for January 2027?

Government has held firm on the January 2027 ban on lithium concentrate exports despite the industry’s request for a six month extension. The decision has shifted Zimbabwe’s lithium policy from aspira

19 hours ago

Willdale Narrows Operating Loss to 1.6 Million, Despite Sales Volumes Falling 50%

Zimbabwe’s biggest listed bricks manufacturer, Willdale Limited has reported an operating loss of ZWG 39.9 million for the half year ended 31 March 2026, equivalent to approximately USD 1.6 million at

20 hours ago

Zimbabwe’s Trade Analysis: What It Means for Economy, Policymakers, Investors As Gold Retreats

Zimbabwe's goods exports reached USD 884 million in May 2026, the second highest monthly export figure on record and an 11.6% increase from April 2026's USD 792.3 million, driven by semi-manufactured

21 hours ago

What May’s Trade Numbers Reveal: Gold Dominance Grows as Import Demand Widens the Deficit

Zimbabwe's goods trade balance for May 2026 was a deficit of USD 193.7 million, a 14% increase from April 2026's USD 169.9 million. Exports grew 11.6% month-on-month from USD 792.3 million to USD 884

22 hours ago

From Hunger to Obesity: Zimbabwe Launches Nutrition Strategy to Tackle New Dietary Challenges

Zimbabwe has approved the Nutrition Financing Strategy on 30 June 2026, presented by Vice President General (Rtd) Constatino Chiwenga as Chairperson of the Cabinet Committee on Food Security and Nutri

1 day ago

SeedCo Growth Shifts to Tanzania as Zimbabwe Prioritises Cash Over Volume

SeedCo Group's earnings are becoming progressively more regional, with Tanzania emerging as the principal growth engine while Zimbabwe transitions into a lower-volume, higher-quality cash generation b

1 day ago