Search results for 'financial challenges'
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment

Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3

Feb 06, 2024
Zimbabwe
Cottco Holdings: Navigating Change and Pursuing a Path to Revival

Mutapa Investment Fund's acquisition of a 37.1% stake in Cottco reflects a strategic decision by the government to transfer its shareholding from the Ministry of Finance and Economic Development. This

Feb 08, 2024
Companies
Government's Failure to Pay Debt Forces Seed Co to Rely on Loans

The largest seed house in the country, Seed Co is currently struggling  with financial challenges attributed to delayed payments from the government, which owes the company US$8.6 million. This outst

Dec 06, 2024
Companies
Premier Issues New Shares to Raise £600 000 Capital for Zulu Project

Premier African Minerals Limited is raising £600,000 (approximately US$775,464) to support its operations, specifically targeting the Zulu Lithium and Tantalum Project ("Zulu") ,  issuing  new ordinar

Mar 11, 2025
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

Top Stories

Star Africa Interim Performance Signals Structural Resilience Shift

Star Africa’s performance under review relates specifically to the six-month interim period ended 30 September 2025, a timeframe that sits at an inflection point for the Group as it recalibrates its o

Dec 31, 2025

ARTD Eyes Recovery in 2026: Softex Relaunch, Innovation to Drive Momentum

ARTD Holdings Limited , the Zimbabwe-based diversified manufacturer operating in energy storage, stationery and tissue, and timber sectorsis positioning itself for a strong recovery in 2026, with the

Dec 31, 2025

Willdale Bets on Property to Survive Brutal 2025 Brick Market Collapse

Willdale Limited, a Zimbabwean brick manufacturer, has found  itself in a precarious financial position following a challenging fiscal year ended September 30, 2025, marked by a sharp revenue decline

Dec 31, 2025

Zimbabwe's Gold Royalty Reform: No Full Backtrack, a Pragmatic Gamble on Soaring Prices

Zimbabwe's gold sector has continued its remarkable surge in 2025, building on the record 36.48 tonnes produced in 2024 (following a dip to 30.1 tonnes in 2023). The country surpassed its annual prod

Dec 25, 2025

Diamond Sector's Revival: Exports Hits Record,But Reforms a Game-Changer

Zimbabwe’s diamond industry continues to exhibit resilience amid hardship, with October 2025 exports surging to $43.4 million from zero in September, lifting the first 10 months' cumulative revenue t

Dec 17, 2025

OK Zimbabwe Settles Half of Supplier Debt: Is Recovery on the Horizon?

OK Zimbabwe, Zimbabwe's largest formal retailer by store count, has settled approximately half of its outstanding supplier arrears using proceeds from a US$20 million rights issue completed in August

Dec 17, 2025

Econet to Voluntarily Delist from ZSE After 27 Years, List on VFEX by Introduction

Zimbabwe's leading telecommunications operator, Econet Wireless Zimbabwe, is set to delist from the Zimbabwe Stock Exchange (ZSE) after 27 years of being listed, having made its debut on the exchange

Dec 16, 2025

NTS Exits ZSE, Looks for Greener Pastures

National Tyre Services (NTS), Zimbabwe’s leading tyre distribution and retail company, is voluntarily delisting from the Zimbabwe Stock Exchange to look for greener pastures with  effect from 31 Decem

Dec 16, 2025