ANALYSIS| NMB Holdings Invades FinTech Space as PAT Rises to ZWL$195 billion in HY23
By ETimes Financial Performance Highlights Commentary and Analysis The increasing consolidation in the banking sector raises a lot of questions for the “middle of the pack” players like NMB. The…
ANALYSIS| Resurgent ZB Financial Group Posts ZWL$678 billion PAT in HY23
By ETimes Financial Performance Highlights ZSE listed financial services group ZB Financial Holdings (ZBFH.zw) reported a ZWL$678.5 billion profit for its half-year ended 30 June 2023, representing a 2179% rise…
Stocks in 2-day rally as Govt affirms tight policy stance post-election
By ETimes The Zimbabwe Stock Exchange gained for the second consecutive session as market capitalisation increased by $208,77 billion to close at $10.02 trillion from $9.81 trillion posted on Wednesday.…
ANALYSIS| Acquisition Nears Completion as FBC Holdings PAT hits ZWL$366 bln in HY23
By ETimes Financial Performance Highlights Commentary and Analysis Once again, it is becoming increasingly difficult to make anything of ZWL denominated financial statements. The most noticeable thing here is the…
ZSE reverses losses, investors gain $111,03 billion
By ETimes HARARE – CBZ Holdings shares closed flat on Tuesday after the company announced that it will take a large ownership position in First Mutual Holdings Limited after the…
Zim’s platinum output up 2% in Q2 to record high
By ETimes HARARE – Zimbabwe’s platinum production rose 2% in the second quarter of 2023 to a record 126 000 ounces, the World Platinum Investment Council (WPIC) latest report shows.…
OK Zimbabwe shares fall on delayed full-year results
By ETimes HARARE – Retail giant OK Zimbabwe shares dropped on Monday after it reported that its full-year results will be delayed. Its share price depreciated by 7.75% to close…
USD loan to remain high, further intensifying dollarisation trend – IH
By ETimes HARARE – The demand for comparably more affordable US dollar loans will remain high, eventually accelerating the present dollarisation trend, IH Securities has warned. The southern African nation…
Market starts September on positive note, up 2.63%
By ETimes HARARE – The Zimbabwe Stock Exchange started the new month of September on a positive note as investors’ confidence was bolstered toward listed corporates following favourable policies and…
First Capital posts US$9,05m half year profits
By ETimes Victoria Falls Stock Exchange (VFEX) listed financial services provider First Capital Bank (FCB) posted an adjusted profit of US$9,05 million for the six months to June 2023. The…