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
Category: Quoted Equities
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
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
Tetrad shareholders give nod to surrender bank licence
Shareholders of Tetrad Investment Bank (TIB) have resolved to surrender the banking licence and transform the company into a property firm. They also resolved to block the company to be … Read More
Zimplow eyes growth beyond the region
VICTORIA Falls Stock Exchange (VFEX)-listed diversified group Zimplow seeks to raise US$5 million in the next two years for capital projects as it eyes growth beyond the region, a company … Read More
Meikles profit after tax falls to $3bn
MEIKLES Limited recorded a reduction in profit after tax to $3,1 billion in the financial year ended February 28, 2023, owing to significant increases in net operating costs. The decrease … Read More
Datvest ETF seeks to exploit market swings
Datvest says its Modified Consumer Staples Exchange Traded Fund (Datvest ETF), which is listed on the Zimbabwe Stock Exchange (ZSE), is well-positioned to take advantage of market swings in pursuit … Read More
ART retools Eversharp to drive volume growth
Eversharp, a leading manufacturer of ballpoint pens, rulers and markers in Zimbabwe says it has invested in increasing production capacity, which will in future help avoid product supply challenges. This … Read More
Improved power supply bodes well for Econet
ECONET Wireless Zimbabwe (EWZ) has lauded the positive impact of improved power supply on network availability and efficiency following the completion of two additional generators at Hwange Power Station. The … Read More
