Company News

5 days ago | March 15, 2019

RBZ fails to honour foreign debt assumed from Natfoods

The Reserve Bank of Zimbabwe failed to honour a foreign debt it assumed from the largest manufacturer and marketer of ...

Group resilient, reports strong earnings growth

National Foods Holdings Limited reported profit for the six months to December 31, 2018, grew 78 percent to $16,8 ...

Old Mutual takes $233m hit following MPS

Integrated Financial Services Group, Old Mutual Plc says recent announcements in the Monetary Policy Statement (MPS) ...

Diverse volume performance boosts Innscor’s earnings

Diversified Industrial group, Innscor Africa Limited posted a 100 percent growth in operating profit to $80,5 million ...

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Dawn Property Consultancy was established in 1977, and for more than 30 years, has been offering professional real ...

2 weeks ago | March 8, 2019

Zim-Bots relations excite Choppies . . . Eyes more shops . . . ...

The Gaborone-headquartered Choppies Enterprises Limited, which has already invested upwards of US$60 million in ...

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First Capital Bank, formerly Barclays Bank Zimbabwe was first established in Zimbabwe in 1912 and has been in operation ...

Simbisa reports strong earnings despite challenges . . . 20 new ...

Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the half year to December 31, 2018 jumped 99 ...

4 weeks ago | February 22, 2019

Ariston in sustained profitability period . . . Revenue will ...

Diversified agro-industrial concern, Ariston Holdings, which is also listed on the Zimbabwe Stock Exchange, has now ...

Varun Beverages to invest US$30m in agro-processing . . . Company ...

Indian beverages firm, Varun Beverages, is eyeing agro-processing business in a move meant to boost export earnings for ...

Karo commences platinum exploration . . . Exercise to determine ...

Karo Mining Holdings has commenced exploration to delineate the platinum group metals (PGM) resource at its mining ...

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Econet Wireless Zimbabwe is the country’s largest provider of telecommunications services, providing solutions in mobile ...

1 month ago | February 8, 2019

Forex shortages strain Nampak Zim . . . Firm developing export ...

Kudzanai Sharara Limited availability of foreign currency to import critical raw material continues to constrain the ...

Pepsi to commission new can husk line

Michael Tome Soft drinks manufacturer  Pepsi  this week announced plans to commission a new can husk line as the firm ...

PPC in belt-tightening crusade

Michael Tome Cement producer, PPC Zimbabwe, is working on a cocktail of measures to ensure cash preservation and ...

Privatisation: Lessons from Dairibord

Tawanda Musarurwa Zimbabwe has been looking to privatise several of its parastatals and state enterprises for almost two ...

ZIMSEZA approves $22m worth of investments

Michael Tome The Zimbabwe Special Economic Zones Authority (ZIMSEZA) has to date approved $22 million worth of ...

2 months ago | February 1, 2019

Zimplats profit jumps 56pc . . . Makes more money from palladium

Enacy Mapakame Resources group, Zimplats Holdings Limited’s profit for the quarter to December 2018 jumped 56 percent to ...

Dairibord Moza milk deal hits snag

Tawanda Musarurwa Milk processor Dairibord Zimbabwe Limited’s deal to import raw milk from neighbouring Mozambique could ...

2 months ago | January 18, 2019

Internet blackout to affect Econet revenue

Business Writer Mobile and internet service providers are set to suffer heavy revenue losses amid the internet blockade ...