Baldmin clinches manufacturing deal in DRC
TweetShareSharePin0 SharesBy ETimes Baldmin Projects has clinched a manufacturing deal in the Democratic Republic of Congo (DRC) as the company extends its footprint in the Southern and SADC regions. Baldmin…
FMH profit rose 616% in Q1, to pursue investments in real assets
TweetShareSharePin0 SharesBy ETimes First Mutual Holdings Limited’s first quarter profit was up 616% year on year, underpinned by improved income in an unsteady operating environment. Profit for the period stood…
Fidelity Life Assurance new products boost business
TweetShareSharePin0 SharesBy ETimes Listed assurer, Fidelity Life Assurance has said their Vaka Yako product has been a success driving business in the first quarter ending March 31, 2023. Fidelity Life company…
RTG occupancies back to pre-covid era
TweetShareSharePin0 SharesBy ETimes Listed hotelier Rainbow Tourism Group (RTG) reported that its first quarter to March 31, 2023 occupancies were back to near pre-covid period. In a trading update company secretary,…
ANALYSIS| Hefty Barzem Loss Provisions Drag Zimplow to ZWL$1.3 bln Loss in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis In implied US dollar terms, revenue was down in the groups key segments, with Mining and Infrastructure taking a big hit…
Turnall commits to remain listed
TweetShareSharePin0 SharesBy ETimes Turnall announced that it will remain listed despite its two major shareholders increasing their ownership in the listed manufacturer. Company secretary Lizzy Samunda in a statement said, “Zimbabwean…
NMB biting a piece of the remittance cherry
TweetShareSharePin0 SharesBy ETimes NMB Zimbabwe (NMB) a financial services provider said it has successfully launched its remittance arm, NMBRemit as a way to increase its products to the general population. Violet…
Afdis estimates full year FX revenue to be US$49.4 million
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis rose 18% for the year ended 31 March 2023, compared to the comparative period, as it now focuses on…
Turnall minority shareholders to bail out
TweetShareSharePin0 SharesBy ETimes Listed consumer discretionary firm Turnall Holdings has dramatically withdrawn its cautionary statement in which it said it was seeking a rights offer in order to finance recapitalization.…
Old Mutual Zim attacks fintech space
TweetShareSharePin0 SharesBy ETimes Listed financial services firm Old Mutual Zimbabwe has entered the financial technology (Fintech) space with the launch of its own subsidiary. Old Mutual Digital Services (Private) Limited…