Victoria Falls Stock Exchange –Listed diversified group, Axia Corporation Limited (Axia)opened several new stores during the first half of the 2023 financial year with more expected to be completed later this yaer as the group intensifies its retail store network expansion strategy. Axia operates subsidiaries which
Diversified group, Axia Corporation extended its profit for the six months to December 2022 on the back of improved exchange rate stability and foreign currency sales. Axia recently exited the Zimbabwe Stock Exchange (ZSE) and listed on the foreign currency-quoted Victoria Falls Stock Exchange (VFEX) but
Retail group, OK Zimbabwe Limited sales volumes dropped significantly in third quarter (Q3) to December owing to a notable decline in consumer spending power. Rising inflation as well as tight liquidity on the market at the tail-end of last year weighed heavily on consumer spending habits
Hospitality group, African Sun Limited is set to be the latest firm to exit the Zimbabwe Stock Exchange (ZSE) and migrate to the Victoria Falls Stock Exchange (VFEX) following a decision by the directors. African Sun operates hotels that includes Harare, Bulawayo and Mutare Holiday Inn,
Telecommunications giant, Econet Wireless Zimbabwe says the shortage of foreign currency on the market has adversely affected its capacity to service its network foreign suppliers as well as implement much needed network maintenance and expansion. The situation has been worsened by the persistent power cuts that
Tigere Property Fund, Zimbabwe’s first real estate investment trust (REIT) has declared its maiden dividend of US$ 152 577 in line with its Listing Prospectus. The REIT, which was listed on the Zimbabwe Stock Exchange on 30 November 2022, will pay a dividend of 0,021 United
Spirits maker, African Distillers Limited (AFDIS) says the rolling power cuts worsened by Zimbabwe dollar liquidity constraints are threatening the smooth operations of its business. Zimbabwe’s monetary authorities have been keeping a hawk’s eye on money supply in order to tame rising inflation and exchange rate
Zimbabwe’s largest seed maker, Seedco Limited will become the latest company to dump the Zimbabwe Stock Exchange (ZSE) and migrate to the Victoria Falls Stock Exchange (VFEX) following approval by the board. SeedCo Limited will follow its spin-off, SeedCo International which migrated to the VFEX in
Zimbabwe Stock Exchange-Listed cement maker, Lafarge Cement Zimbabwe is set to change its trading name to Khaya Cement as part of on-going restructuring at the company following the exit of Associated International Cement Limited which disposed 76.45 percent shareholding to Fossil Mines Limited. The company is
The Zimbabwe Stock Exchange (ZSE) continued its rally in today’s session riding on positive sentiment in equities since the start of the year. The bourse endured a tumultuous 2022 as a result of a tight liquidity stance by monetary authorities in reaction to excessive money supply
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