Victoria Falls Stock Exchange (VFEX) listed conglomerate, Padenga Holdings returned to profitability after its mining unit, Dallaglio swung to a US$12.7million profit for the six months to June 2022 from a US$ 9.2 million loss in previous comparative period following the opening of Eureka gold
Meikles Limited has issued a circular to its shareholders seeking approval for the disposal of the Harare Meikles Hotel to ASB Hospitality Zimbabwe a group company of Albwardy Investment LLC of Dubai in a deal worth US$20 million. The Transaction qualifies as a Category 1 classification
The Reserve Bank of Zimbabwe (RBZ) has hailed Econet Wireless' flagship company EcoCash for facilitating financial inclusion and raising the country's flag high regionally and internationally. Addressing stakeholders at the Cassava Smartech Zimbabwe listing on the Zimbabwe Stock Exchange today, Reserve Bank of Zimbabwe Deputy Governor, Dr
Zimbabwe Stock Exchange listed packaging manufacturer, Nampak Zimbabwe Limited has called for the implementation of policies that solve the underlying economic problems saying the current contraction could impact on the manufacturing output in 2019. According to the group financial results for the year ended 30 September 2018, the
Cassava Smartech has launched an education insurance cover product called ‘Enda Education Cover’. The launch of the ‘Enda Education product,’ which is underwritten by Econet Life, Cassava Smartech’s Insurtech arm, offers a school fees benefit for primary and secondary education in the event of the death
Government pronouncements that separated nostro foreign currency from Retail Time Gross Settlements has resulted in high demand for equities on the Zimbabwe Stock Exchange as investors unwound RTGS balances for securities, a stock broker has revealed. According to EFE Securities, the primary All Share Index was up
Barclays Bank of Zimbabwe Limited has co-branded to First Capital Bank in association with Barclays following the approval by shareholders to enable a smooth transition until 2020. Addressing the media at the re-branding launch held at the Zimbabwe Stock Exchange today,the group Managing Director Samuel Matsekete said
According to the group chairperson Elisha Moyo, the low demand is also a factor of the quality of space on the market, some of which is no longer suitable for emerging businesses and small to medium enterprises.
Leading clothing retailer, Edgars Stores Limited borrowings for the 26 weeks ended 8 July 2018 have increased to $7.6 million compared to $4.6 million recorded in December last year on the back of revamps, shorter supplier credit terms for merchandise inputs and micro-finance growth. According to the group
Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbabwe’s biggest mobile network also became the largest company on the local bourse by market
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