Kavango Resources plans to raise £3,08 million through accelerated bookbuild
By ETimes Kavango Resources, a metals exploration company, has indicated plans to raise about £3,08 million (US$3,86 million) by issuing 257,11 million new ordinary shares at a price per share…
Zimplow shares close flat after receiving adverse audit opinion
By Stephen Chandisareva HARARE – Zimplows’ financial results for the year ended 31 December 2023 has received an adverse opinion from its external auditor, Grant Thornton, for failing to present…
Sabi Star Mine on track to complete 15MW thermal power plant in second half
By Stephen Chandisareva HARARE – Sabi Star Mine says it expects to finish setting up its US$25 million 15 MW thermal power plant before year-end. The availability of electricity in…
Equities record midweek gain
By ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) ended the mid-week trading session on a bullish note amid investors’ sustained optimism on undervalued stocks. Accordingly, the mainstream ZSE All-Share…
Milk output up 21% in Q1 amid drought stress
By ETimes HARARE – Zimbabwe’s milk production rose 21% to 27.3 million litres during the first quarter of 2024 from 22.61 million litres in the same period last year, latest…
Zim’s projected investment value of new licenses down 18.22% in Q1
By ETimes HARARE – Zimbabwe licensed a total of 143 new investments worth US$622.18 million in the first quarter of 2024, but the figure represents an 18.22% decline from US$760.87 million…
Equities maintain bullish run amid massive executive changes in listed counters
By Stephen Chandisareva HARARE – At the Zimbabwe Stock Exchange on Tuesday, equities trading closed positively, extending its bullish streak as the mainstream All-Share Index (ASI) gained 0.14% to close…
ZESA, Management Services sign JV to establish US$25mln cable manufacturing plant
By Stephen Chandisareva HARARE – ZESA Enterprises signed an agreement with Management Services for setting up a cable manufacturing plant worth over US$25 million in Harare. This transformative initiative, spearheaded…
CARE Zimbabwe in US$40 million appeal to tackle hunger in Zimbabwe
…so far it has received US$3 million from donor community By ETimes HARARE – CARE Zimbabwe says it is mobilising resources amounting to US$40 million to tackle the effects of…
ZSE opens week positive as ZiG stays stronger
By ETimes HARARE – Transactions on the local bourse closed bullish on the first trading day of the week on Monday amid market scepticism over the new currency. Today’s performance…