Zimre Holdings records 510 percent growth
Zimre Holdings Limited’s property portfolio recorded 510 percent growth in total rental income for the five months to May 31, 2023 on the back of USD leases. The group’s property … Read More
Category: Markets
Pricing dilemma as Delta sales more in USD
The exchange rate volatility, coupled with fluctuations in market liquidity in both foreign currency and local currency, continue to create challenges for the formal sectors of the economy, particularly as … Read More
Kenya, Nigeria, and Zim battle for stock market glory
Kenya, Nigeria, and Zimbabwe have become the epicentres of an intense battle for stock market glory in Africa, as revealed by the latest Morgan Stanley Capital International Index (MSCI). The … Read More
RTG to cash in on elections
National harmonised elections are a tale of mixed bag for many businesses in Zimbabwe. Many firms while presenting their updates at times you hear them anticipating a deep in demand … Read More
POSB seeks to raise US$10m through IPO
PEOPLE’s Own Savings Bank (POSB) says it seeks to raise US$10 million through Initial Public Offering and private placement as it moves to realise its partial privatisation agenda. POSB is … Read More
Good weather, Govt programmes to sustain SeedCo
The improved weather conditions coupled with Government food programmes will support SeedCo Limited’s sustained demand for seed, driving further volume growth, according to analyst firm, FBC securities. In its earnings … Read More
CDC seeks owners of unclaimed ZSE shares
Chengetedzai Depository Company (CDC) says it is seeking to identify the owners of millions of dollars worth of unclaimed shares held in its Central Securities Depository (CSD). CDC is a … Read More
SeedCo records spike in demand
LISTED seed producer, SeedCo Limited says improved rainfall and Government programmes aimed towards ensuring food security saw a spike in maize and soya bean seed demand. The high seed demand … Read More
Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing debentures. A … Read More
VFEX projects a good second half of the year
The Victoria Falls Stock Exchange (VFEX) is projected to have a fruitful second half of the year and going forward aiding the country in attracting foreign direct investment (FDI). This … Read More
