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  • Lack of funds delays hiring of a substantive company secretary: Willdale

Lack of funds delays hiring of a substantive company secretary: Willdale

By ETimes HARARE – One of the major shareholders in Willdale has raised an issue about a “significant conflict of interest” concerning the current finance director, Mavuto Munginga, who holds…

BAT updates sustainability agenda

By Climate Brief British American Tobacco Zimbabwe (BAT) says it has refreshed its sustainability agenda to reflect the changing external environment. The cigarette manufacturer says it remains clear that reducing…

FBC Holdings in impressive performance in face of challenges

By ETimes HARARE – In a year marked by economic uncertainties and evolving regulatory landscapes, FBC Holdings (FBC) emerged with commendable financial results for the full year ending December 2023.…

NMB FY23 financials get qualified opinion from auditor over ‘misstatements’

By ETimes HARARE – NMB Holdings’ external auditor, Ernst & Young Chartered Accountants (Zimbabwe), has expressed a qualified opinion on the bank’s financial statements for the year ended 31 December…

British American Tobacco sees decline in volumes, but revenue surges

By ETimes In their full-year results announcement for the period ending December 2023, British American Tobacco (BAT) reported a 5% decline in total volume, marking a shift from 1,054 million…

CFI revenue surge more than eightfold in first 5 months

By Stephen Chandisareva HARARE – CFI Holdings, a diversified group, said on Thursday that its historical turnover for the 5 months to February 2024 rose more than eightfold to $286.5…

Hwange Colliery mines better quarter amid economic turbulence

By ETimes HARARE – Hwange Colliery, under administration in terms of Zimbabwean law, has reported a promising quarter ending September 30, 2023, despite ongoing economic challenges. The company, whose stock…

Proplastics receives qualified audit opinion for FY2023

By ETimes HARARE – Proplastics appears to be in a relatively healthy financial position, with growth in revenue, profitability, and equity, as well as a conservative approach to debt and…

NatFoods keeps keen eye on capex commitments, interest-bearing borrowings

By ETimes HARARE – By adjusting its functional currency, managing legacy liabilities, and restating financial reports, NatFoods has demonstrated adaptability to the changing currency environment in Zimbabwe to maintain transparency…

NatFoods initiates substantial import program for raw maize

HARARE – National Foods Holdings has initiated an importation program for maize to cover the expected deficit owing to the EL Nino-induced drought. The company requires 200 000 tonnes of maize…