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…
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…
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| 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…
Is the fully integrated Food Lover’s operation going to help OKZim get back on track?
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis Its a set of financial statements that aligns with the prevailing economic environment. Declining sales combined with rising overheads and borrowing…
IH worries liquidity constraints might stifle BAT Zim H2 volumes
TweetShareSharePin0 SharesBy ETimes HARARE – BAT Zimbabwe, a listed cigarette manufacturer, is still susceptible to liquidity cycles, which have continued into the second half of 2023, warned IH Securities (IH).…
African Sun, financiers discuss standby financing facilities
TweetShareSharePin0 SharesBy ETimes HARARE – Hospitality and tourism group African Sun Limited is in talks with lenders for standby funding to spruce up the image of its hotels amid intense…
Hippo decries informal traders, forecasts higher borrowings
TweetShareSharePin0 SharesBy ETimes HARARE – Hippo Valley Estates sugar production for the 5 months to August 2023 declined by 9% 66,319 tonnes from 72,058 tonnes in the comparative period last…
NTS closes 4 branches amid volume performance, locational challenges
TweetShareSharePin0 SharesBy ETimes HARARE – National Tyre Services (NTS) overall unit performance rose 27% in the first 5 months to August this year, underpinned by improved stock supply despite closing…
ZHL says infrastructure, landmark developments drive ‘progressing well’.
TweetShareSharePin0 SharesBy ETimes Zimre Holdings expects to start construction on its first project in the second half of 2023, as the infrastructure and landmark projects programme is moving along nicely.…