Shepco merger with Haggie Rand Zimbabwe approved
TweetShareSharePin0 SharesBy ETimes In a bid to survive and not close doors Haggie Rand Zimbabwe, a steel wire manufacturer has seen Shepco Industrial Supplies acquire a significant chunk of ownership according…
ZBFH appoints Luxon Zembe as new chair
TweetShareSharePin0 SharesBy ETimes HARARE – ZB Financial Holdings Limited has announced the appointment of Luxon Zembe as its new chairman, effective from 1st August 2023 12. Zembe is a prominent…
ZSE appreciates by $30.36bn as new week begins positive
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) began the week on a bullish note as gains on 7 stocks led to a 0.31% increase on the mainstream…
ZERA poised to licence 200MW wind power project
TweetShareSharePin0 SharesETimes The Zimbabwe Energy Regulatory Authority (ZERA) says it is intensifying efforts to tap into wind energy for power generation to cover the huge energy deficit. The energy crisis…
Public and private effort spur agriculture sector
TweetShareSharePin0 SharesBy ETimes Government has allowed major private sector participation in the agriculture sector and this has led to a combined effort which has led to the rapid recovery of…
Investors gain $19.91bn as ZSE advances by 0.10%
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) made a marginal 0.10% gain in the last trading session of the week. Today’s performance comes as the ZSE market…
First Capital says new head office capex is ‘a double-digit amount in USD’
TweetShareSharePin0 SharesBy ETimes HARARE – VFEX-listed First Capital Bank expects the construction of its new head office in Borrowdale to be completed within a year’s time, saying that it is…
ANALYSIS| Dairibord Sees ZWL$4.6bln Loss in HY23 as Economic Turbulence Weighs
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Analysis and Commentary Its a set of financial results that raises some immediate concerns for the group. It is evident from the decline in the…
Zimbabwe LPG consumption up 73% in August
TweetShareSharePin0 SharesBy ETimes Liquefied Petroleum Gas (LPG) consumption in Zimbabwe increased by seven percent to 44,29 million kilograms (kgs) in the first eight months of 2023 compared to 41,29 million…
ANALYSIS| Forex Gains Drive CBZ Holdings to ZWL$543bln Profit After Tax in HY23
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The sharp bottom line growth was largely driven by unrealized foreign exchange gains, while growth in the core revenue streams was…