Shepco merger with Haggie Rand Zimbabwe approved
By 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 to…
ZBFH appoints Luxon Zembe as new chair
By 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 and…
ZSE appreciates by $30.36bn as new week begins positive
By 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 index…
ZERA poised to licence 200MW wind power project
ETimes 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 is…
Public and private effort spur agriculture sector
By 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 the…
Investors gain $19.91bn as ZSE advances by 0.10%
By 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 capitalisation…
First Capital says new head office capex is ‘a double-digit amount in USD’
By 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 being…
ANALYSIS| Dairibord Sees ZWL$4.6bln Loss in HY23 as Economic Turbulence Weighs
By 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 profit…
Zimbabwe LPG consumption up 73% in August
By 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 kgs…
ANALYSIS| Forex Gains Drive CBZ Holdings to ZWL$543bln Profit After Tax in HY23
By 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 relatively…