NTS chair gives positive outlook on tyre demand
By ETimes National Tyre Services (NTS) says it will continue to prioritise cost control and better market outreach initiatives in order to boost the inventory turnover ratio and improve profitability…
Nedbank launches American Express merchant acceptance in Zim
By ETimes Nedbank, in a bid to improve its overall offering, especially to tourists and attract more dollars, has launched an American Express merchant acceptance in Zimbabwe. It is estimated…
CBZ’s gross PML for short term insurance seen at US$736.74mln
By ETimes CBZ Holdings has estimated the gross Probable Maximum Loss (PML) for its short-term insurance to be US$736.74 million for the year to 31 December 2022 citing the physical…
ZHL shares fall amid growing anxiety over Eagle REIT’s listing
By ETimes ZimRe Holdings on Friday said its Eagle Real Estate Investment Trust (REIT) will be launching two signature developments in Mazowe and Victoria Falls as it looks to unlock…
Natbrew’s full year loss per share seen rising by 98%
By ETimes National Breweries (Natbrew), a unit of Delta Corporation Zimbabwe, says its loss per share could slip into a bigger-than-expected loss in the year ended 31 March 2023 owing…
Ready-to-Drink alcohol drives Afdis volumes
By ETimes Listed spirits and ciders manufacturer Afdis has seen volumes grow in the first quarter of 2024 ending June 30, 2023 driven by the ready-to-drink segment. Afdis company secretary…
Infrastructure development to anchor ZHL going forward
By ETimes Zimre Holdings Limited (ZHL) reported that going forward the group will begin a new financial concentration on landmark and infrastructure development with a focus on sustainability. Chairman Desmond…
CBZ profit up 959.5% in Q1, to explore AI in serving customers
By ETimes CBZ Holdings, the biggest bank in Zimbabwe, today released its financial results for the three-month period ending 31 March 2023, with a historical net profit of $50.18 billion,…
Dairibord targets low-cost collaborations in export markets
By ETimes Dairibord, the country’s largest milk processor, says for now it is looking for inexpensive cooperation in the four regional markets that it is exploring before establishing its presence.…
Border Timbers receives offer for controlling stake in the company
By ETimes Border Timbers said on Monday it had received an offer from Cicada Plantations Zimbabwe (CPZ), which seeks to acquire 100% of its issued share capital and a majority…