CFI shareholders reject appointment of Nziradzemhuka, Kudenga to board of directors
TweetShareSharePin0 SharesBy ETimes Shareholders at CFI Holdings rejected the appointments of Chakanyuka Nziradzemhuka and Stanley Kudenga to the board of directors. They were mostly representing Stalap Investments. With 16 years…
Rights Issue Confute: Econet, EcoCash US$30m proposed offer
TweetShareSharePin0 SharesBy ETimes In order to redeem the existing debentures in the capital of both companies, Zimbabwe Stock Exchange (ZSE) listed telecommunications company Econet Zimbabwe and its offshoot, EcoCash Holdings,…
Dollarisation, inflationary pressures choke Bridgefort shares
TweetShareSharePin0 SharesBy ETimes Bridgefort Capital, formerly MedTech Holdings, says the operational environment remained challenging and unpredictably structured in 2022, making shares unappealing to the market. This comes as business activities…
Air Zimbabwe must not get preferential treatment
TweetShareSharePin0 SharesBy ETimes The minister of transport and infrastructural development Hon. Felix Mhona, urged the national carrier, Air Zimbabwe to move with the times and be more competitive as the…
NatFoods to register partial recovery in volume performance
TweetShareSharePin0 SharesBy ETimes Food processor National Foods Holdings Limited will record a partial volume performance rebound over the second half of the year, according to local equities group IH Securities…
Willdale abandons proposed sale of idle assets
TweetShareSharePin0 SharesBy ETimes Listed brick maker Willdale has issued a cautionary statement advising their shareholders that the firm has abandoned its intended to dispose of certain idle assets. Company secretary Mavuto Munginga…
Econet lion’s share of Internet and data traffic down 2.1%
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s mobile Internet and data traffic increased by 3.4% to 33,576.4 terabytes in the fourth quarter of 2022 from 32,473.1 terabytes consumed in the third quarter of…
ZHL full year GPW buoyed by real business growth
TweetShareSharePin0 SharesBy ETimes Zimre Holdings Limited (ZHL) reported a 13% rise in inflation adjusted gross premium written (GPW) for the year ended 31 December 2022 buoyed by real business growth…
Simbisa continues on expansion drive in 2023
TweetShareSharePin0 SharesBy ETimes The Victoria Falls Stock Exchange listed fast foods retailer, Simbisa in its half year results said it will open 49 stores until the close of its financial…
NMB driven by growth strategies in 2022
TweetShareSharePin0 SharesBy ETimes Listed banking stock, NMB Zimbabwe delivered a strong operational and financial performance in 2022, driven by the implementation of various growth strategies. Benedict Chikwanha, the board chair of…