Company News

4 days ago | May 13, 2022

Padenga to abandon alligator skin business

Tapiwanashe Mangwiro Crocodiles breeder cum miner, Padenga Holdings, is considering abandoning the loss making alligator ...

First Capital Bank to remain profitable in 2022

Enacy Mapakame First Capital Bank (FCB) is expected to remain profitable during the financial year 2022 (FY22) on the ...

RioZim’s gold production to rebound on Cam and Motor’s return

Nelson Gahadza Diversified resources group, RioZim Limited, says gold production is forecast to improve as Cam and ...

Cafca projects strong volume performance

Enacy Mapakame Listed cables manufacturer, Cafca Limited, is projecting a strong volume performance for the remainder of ...

2 weeks ago | May 6, 2022

ZB Holdings proposed merger spans nine years

Nelson Gahadza ZB Financial Holdings has admitted the merger between its bank and building society has taken longer than ...

Audit firm issues adverse report on ZECO financials

Oliver Kazunga INDEPENDENT auditor, MGI Chartered Accountants, has not signed off ZECO’s 2021 financials for not meeting ...

First Mutual’s Arundel project to start in Q 2

Enacy Mapakame Listed property firm − First Mutual Properties (FMP) − is investing millions of dollars into various ...

Axia assures shareholders

Tapiwanashe Mangwiro Axia Corp says the Zimbabwean operating environment remains complex and with many distortions but ...

4 weeks ago | April 22, 2022

Old Mutual bullish on economy . . .says dollarisation inevitable

Business Writer Financial services giant, Old Mutual Investment Group Zimbabwe, with tentacles across a broad spectrum ...

About OK Zimbabwe

OK Zimbabwe Limited is a leading supermarket retailer that trades under three highly recognised brand names, OK Stores, ...

Mash Holdings abandons hotel project, sells property for US$7,4m

Nelson Gahadza Mashonaland Holdings says it is set to dispose of the Charter House building for US$7,4 million after ...

Property assets saves Getbucks

Nelson Gahadza Getbucks Microfinance Bank Limited (Getbucks) says the bank’s diversified asset portfolio mix saw the ...

General Belting to cash in on supply gaps caused by Russia/Ukraine

Enacy Mapakame Conveyor belts manufacturer, General Beltings Holdings Limited, is angling to cash in on the supply gaps ...

1 month ago | April 15, 2022

‘Can struggling Telecel be revived?’

Business Writer Telecel Zimbabwe, the country’s smallest mobile phone firm, is weighing several “strategic options” to ...

Agro-focused firms decry deteriorating local currency, bad weather

Nelson Gahadza Zimbabwe Stock Exchange (ZSE) listed agro-focused firms, are worried over the rapid deteriorating ...

United Refineries starts benefiting from out-grower scheme

Oliver Kazunga Bulawayo based agro-industrial manufacturing concern, United Refineries Limited (URL), is benefiting from ...

RTG projects growth in financial year 2022

Michael Tome RAINBOW Tourism Group (RTG) says its operations are set to grow in the current financial year on the back ...

1 month ago | April 8, 2022

Dairibord to widen foreign currency sales

Business Writer Dairibord Holdings says it is generating at least US$3,2 million from domestic nostro sales and exports, ...

Surface Wilmar capacity plunges to 15pc

Michael Tome Cooking oil manufacturer, Surface Wilmar, says it is operating at 15 percent capacity owing to funding ...

Stanbic urges farmers to insure cattle

Business Writer Stanbic bank Zimbabwe has encouraged farmers to take advantage of its Agribusiness advisory services, as ...