Delta embarks on capacity expansion drive in FY23
TweetShareSharePin0 SharesBy 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…
Hyperinflation in Zimbabwe skews PPC’s results
TweetShareSharePin0 SharesBy 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…
Proplastics spends US$2.7mn on capital equipment in first 9 months
TweetShareSharePin0 Shares…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…
RBZ pays US$170k towards Bridgefort Capital legacy debt
TweetShareSharePin0 SharesBy 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…
FCB expects downside risk on credit performance amid tight monetary regime
TweetShareSharePin0 SharesBy 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…
Steward Bank’s half year profit jumps threefold
TweetShareSharePin0 SharesBy 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…
Afdis half year volumes up 11%, flags uncertainty
TweetShareSharePin0 SharesBy 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.…
CBZ Bank becomes the fourth firm to launch Trustee Services
TweetShareSharePin0 Shares…SECZIM talks of Capital Market Development Plan By ETimes CBZ Bank has become the fourth player in the country to set up a custodial trustee service that will offer…
FBC Building Society eyes mining town Hwange for new housing scheme
TweetShareSharePin0 SharesBy ETimes FBC Building Society, a unit of financial services group FBC Holdings, says it is going to construct housing units in Hwange next year that fulfil the needs…
Lafarge Cement Zimbabwe publishes delayed results but volume sales falls
TweetShareSharePin0 SharesBy ETimes Lafarge Cement Zimbabwe met its set deadline of publishing half year results before the end of October 2022 after being delayed on account of new external auditors’…