Old Mutual Zimbabwe’s Lillian Mbayiwa elected MAZ president
By Staff Writer Old Mutual Zimbabwe (OMZ)Group Marketing, Public Affairs and Sustainability Executive Lillian Mbayiwa has been elected Marketers Association of Zimbabwe’s (MAZ) 7th president at an AGM held in…
GB third quarter turnover rises to US$3.539mln on higher volumes
By ETimes General Beltings has posted a turnover of US$3.539 million, in the third quarter ended September 2022, a 9% jump compared to US$3.237 million posted in the same period…
African Sun YTD occupancies rose to 45%, cautiously optimistic about outlook
By ETimes African Sun, which operates a chain of luxury hotels and lodges across the country, said occupancy levels for the nine months ended 30 September 2022 rose to 45%…
Delta embarks on capacity expansion drive in FY23
By ETimes Listed beverage maker, Delta Beverages embarked on capacity growth across all its sectors with four new production lines to be commissioned in the next six months. The beverage producer…
Hyperinflation in Zimbabwe skews PPC’s results
By ETimes Cement maker PPC says it is having difficulty producing group financial results due to inflation accounting in Zimbabwe, and that it would be more prudent to examine the…
Proplastics spends US$2.7mn on capital equipment in first 9 months
…but demand for group products likely to remain flat By ETimes Proplastics says it will continue to implement a number of initiatives aimed at improving top-line and bottom-line performance despite…
RBZ pays US$170k towards Bridgefort Capital legacy debt
By ETimes Bridgefort Capital, a Zimbabwe Stock Exchange (ZSE) listed firm, has said the Reserve Bank of Zimbabwe (RBZ) paid part of its legacy debt in Q3 to September 2022. The…
FCB expects downside risk on credit performance amid tight monetary regime
By ETimes First Capital Bank Zimbabwe says the liquidity crisis and high interest rates may pose a risk to credit performance. In September 2022, the Reserve Bank of Zimbabwe decided to…
Steward Bank’s half year profit jumps threefold
By ETimes Steward Bank’ half year inflation adjusted profit jumped threefold and the bank expects its activities to be driven by digital transformation. In 2021, the bank invested in a…
Afdis half year volumes up 11%, flags uncertainty
By ETimes Volumes, a key indicator of demand, for Afdis in the half year ended 30 September 2022 rose 11% in the comparative period despite a challenging operating environment. One…