Search results for 'expansion'
Companies
NMB Bank Harnesses DFI Partnerships to Drive 27% Loan Surge in Export-Critical Sectors
NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil
Apr 08, 2025
Companies
Nampak Sustains 1HY Profitability Despite Soft Volumes: Targets Regional Markets for Growth
Nampak Zimbabwe, the country’s largest packaging firm, reported a challenging first half of 2025, with revenue declining by 17% to US$38 million from US$45.78 million in the prior year, as detailed in
Jun 02, 2025
Companies
Caledonia Mining Boosts Gold Production Prospects at Blanket Mine with Encouraging Drill Results
Caledonia Mining Corporation has reported promising high-grade results from its ongoing resource expansion drill programme at its owned Blanket Mine. This will improve gold production at Blanket, whi
Jun 24, 2025
Companies
Caledonia Raises FY Gold Production Guidance After Blanket’s Q2 Record Production
Caledonia Mining Corporation, Zimbabwe's third largest gold producer, has seen a record-breaking second quarter for gold production in 2025, with output reaching 21,070 ounces (597.32 kg), surpassing
Jul 16, 2025
Companies
Edgars Lines Up New Store Openings with Quality Affordable Clothes to Take on Informal Sector
Edgars Stores Zimbabwe Limited, a prominent fashion retailer established in 1946 by Sydney Press, has been a cornerstone of Zimbabwe’s retail landscape for over 77 years, catering primarily to middle
Jul 23, 2025
Companies
CBZ’s Digital Push Yields ZWG 2 Bn in Non-Funded Income, Interest Income Nears 1 Bn
CBZ Holdings, Zimbabwe’s largest bank by assets, and deposits, has reported a significant surge in non-funded income, rising from ZWG 1.5 billion in the first half of 2024 to ZWG 1.9 billion in the fi
Aug 22, 2025
Companies
Padenga Net Profit Soars 200% as Gold Rally Turns Global Chaos into Windfall
Padenga Holdings Limited, Zimbabwe’s largest listed gold producer, has more than tripled its profit after tax (PAT) for the half year to 30 June 2025, closing at US$26.4 million compared to US$9.2 mil
Sep 26, 2025
Top Stories
ZiG Weekly Wrap: ZiG Achieves Longest Currency Stability Since 2019, Boosts Corporate Metrics
The Zimbabwe Gold (ZiG), Zimbabwe’s fourth currency iteration within a decade, has maintained exchange rate stability following its devaluation on September 26, 2024, achieving a robust performance ex
Oct 01, 2025Zimbabwe Records its First Trade Surplus in August: A Historic Shift with Fragile Foundations
Zimbabwe has achieved a trade surplus of $7 million in August 2025, its first since July 2019, reversing July 2025’s $10.2 million deficit. Exports increased 0.3% to $878.2 million from $876 million,
Sep 30, 2025