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Month: May 2023

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  • FMH profit rose 616% in Q1, to pursue investments in real assets

FMH profit rose 616% in Q1, to pursue investments in real assets

By ETimes First Mutual Holdings Limited’s first quarter profit was up 616% year on year, underpinned by improved income in an unsteady operating environment. Profit for the period stood at…

Stock market opens new week on a positive note

By ETimes The market opened the week in the green buoyed by gains in 14 counters which outweighed losses in 4 counters in today’s session. This saw the ZSE All…

Marula Mining appoints William Thompson country manager

By ETimes UK listed miner Marula Mining which announced the establishment of a new mining subsidiary locally, Muchai Mining Ltd, has appointed Mr. William Thompson as its country manager as…

Are FX measures doing exactly opposite of what they’re supposed to?

By ETimes It is a widely acknowledged fact that Zimbabwe has struggled with policy consistency and implementation over the years. The country has experienced significant political and economic instability, which…

Contango Holdings finally starts production

By ETimes The Lubu coking coal project, owned by London-listed natural resource development company Contango Holdings has begun producing washed coal. This followed dry and wet runs of the wash plant…

Fidelity Life Assurance new products boost business

By ETimes Listed assurer, Fidelity Life Assurance has said their Vaka Yako product has been a success driving business in the first quarter ending March 31, 2023. Fidelity Life company secretary…

ANALYSIS| Buoyant Lager Sales Drive Delta Corp to ZWL$63.1 bn PAT in FY23

By ETimes Financial Performance Highlights  Commentary and Analysis Its a fair set of results for the group, with decent growth in revenues and sales volumes. Analysis puts the USD estimate…

ZSE opens week in the green

By ETimes The Zimbabwe Stock Exchange (ZSE) recorded a gain of 1.73% on Monday, with 20 equities closing in green and 5 shares closing in red. Investors exchanged 2,63 million…

RTG occupancies back to pre-covid era

By ETimes Listed hotelier Rainbow Tourism Group (RTG) reported that its first quarter to March 31, 2023 occupancies were back to near pre-covid period. In a trading update company secretary, Tapiwa…

ANALYSIS| Bargain Gains Drive ZBFH to ZWL$34.7 bln After Tax Profits in FY22

…as Organizational Transformation Takes Shape By ETimes Financial Performance Highlights  Commentary and Analysis Its a performance driven in large part by forex trading income, fair value and monetary gains, and…