Delay in settling road contractors remains a bottleneck says Zimplow
TweetShareSharePin0 SharesBy ETimes Zimplow continues to rely on its diversified structure to deliver encouraging and solid performances despite the difficulties in the operating environment. The group has exposure to the…
Of limited real lending and soundness of the banking sector
TweetShareSharePin0 SharesBy ETimes Eighteen out of 19 banking institutions reported profits in the first half of 2022, says the Reserve Bank of Zimbabwe (RBZ), with an aggregate profit of $181.25…
Imara says more companies are likely to change their functional currency to USD
TweetShareSharePin0 SharesBy ETimes A number of Zimbabwean companies are likely to switch to the greenback as the functional currency as the majority of their revenues are now in US dollars,…
Edgars believes further FX trading relaxation will raise USD generation to fund imports
TweetShareSharePin0 SharesBy ETimes Edgars says trading in foreign currency has allowed its retail chains to boost their stock selections, which has improved customer traffic. Given the Zimbabwean dollar’s volatility, there…
Fastjet says no guarantee of continued future access to legacy loan facility
TweetShareSharePin0 SharesBy ETimes The Reserve Bank of Zimbabwe (RBZ) has permitted Fastjet Zimbabwe to draw funds from the legacy loan in local currency in the interim to pay off its…
EcoCash to leverage the EcoCash brand
TweetShareSharePin0 SharesBy ETimes The listed financial services firm EcoCash Holdings has said its name change from Cassava Smartech will give it more power to focus on the brand EcoCash. EcoCash chairperson…
Hippo invests more than ZWL$29mln in mills and packing stations
TweetShareSharePin0 SharesBy ETimes Hippo Valley Estates, one of the country’s largest sugarcane producers, says it has invested over ZWL$29 million to improve the operational efficiencies of its machines. As the…
General Beltings to remain listed on ZSE
TweetShareSharePin0 SharesBy ETimes General Beltings, a Zimbabwe Stock Exchange (ZSE) company will remain listed on the local bourse after minority shareholders shun a mandatory offer by the major shareholder. In 2020,…
Unifreight poised to regain full trucker market share after investing US$5mn
TweetShareSharePin0 SharesBy Almot Maqolo Logistics firm Unifreight has invested at least $5 million in a new fleet of 50 trucks with the goal of increasing market share while also contributing…
RTG’s Inflation Adjusted Profits Surge 3000% to ZWL$1.3 bn in HY1 2022
TweetShareSharePin0 SharesBy Yona Banda Financial Performance Highlights Hospitality group Rainbow Tourism Group (RTG) Limited saw its after tax profits surge to ZWL$1.3 billion in inflation adjusted terms for the half…