Game-changing moment for Mukuru, platform gets deposit-taking micro-finance license
By Staff Writer HARARE – The Reserve Bank of Zimbabwe (RBZ) has awarded Mukuru a Deposit-Taking micro-finance institution (DTMFI) license, a game-changing development in the next-generation financial services company’s push…
OK Zim’s Half-Year Results: Revenue growth up 46.58%, but profit before tax declines 29.75%
By ETimes HARARE – OK Zimbabwe’s financial performance for the half-year ended 30 September 2024 reflects resilience and adaptability in a challenging operating environment, achieving notable revenue growth and improved…
Kavango Secures US$13mln to enhance gold mining projects in Zim
By Staff Writer HARARE – KAVANGO Resources, a company listed on the London Stock Exchange with gold projects in Zimbabwe, has made a significant financial move by securing £10 million…
CoSSE okays regional market integration
HARARE – The Committee of SADC Stock Exchanges (CoSSE) has validated the principles and operational model for the Interconnectivity Hub Project. The validation, confirmed during a meeting held on September…
Tigere REIT maintains 100% occupancy
HARARE – Tigere Real Estate Investment Trust (REIT) has announced an interim dividend of USD 247,090, equivalent to 0.03435 United States cents per unit, for the quarter ending June 30,…
First Capital Bank Appoints EY As New Auditor, Shares Flat
HARARE – First Capital Bank (FCB) on Wednesday appointed Ernst & Young, Chartered Accountants (Zimbabwe), as its new auditor, replacing Deloitte & Touche Chartered Accountants after 5 years of service. This…
Tigere REIT reports steady growth in Q1
In its first-quarter trading update, Tigere REIT reported a resilient performance, with the property market demonstrating significant stability despite prevailing currency headwinds. The REIT attributed this stability to its forex-based…
Of BNC woes and risks in mining sector
Of BNC woes and risks in mining sector HARARE – With the development of electric and hybrid cars in the automotive industry for the energy transition, the demand for nickel sulphide…
Equities see further decline, investors lose ZiG670.68 million
HARARE – Investors on the local bourse lost ZiG670.68 million at the end of trading and extended losses from the previous session as the market took time to swallow the…
Stock market records marginal gain for second day
At the close of stock trading on the Zimbabwe Stock Exchange (ZSE) Tuesday, the market’s benchmark performance indicators rose marginally by 0.76% driven by strong gains by a few stocks.…