Econet back in black, posts $63.65bn profit in 1H23
By ETimes Econet Wireless Zimbabwe has moved from a loss-making position to post $63.65 billion for the half year ended 31 August 2023. The telecom giant has focused on improving…
Listed companies applaud Treasury
…. beg for continuity By ETimes Zimbabwe Stock Exchange (ZSE) listed firms have applauded government policy interventions passed in the second quarter, as they said the business environment was more stable…
Fresh Non-Performing Loans risk looms
By ETimes Zimnat Asset Management through its weekly economic report warned that a fresh round of dollarization driven by the extension for use of US Dollars might result in the…
NMB shares rose 3.71% after appointing Pearson Gowero as chair
By ETimes NMB share price surged over 3% on Friday’s session following the appointment of Pearson Gowero, a seasoned business leader, as chairman of the bank. He is taking over…
Unifreight says cross border strategy ‘is proving to be an effective model’
By ETimes Listed logistics firm Unifreight Africa recorded earnings before interest, taxes, depreciation and amortisation profit of $3,4 billion in the third quarter of 2023, a remarkable year-over-year reversal from…
CBZ Holdings reports 696.1% YoY profit surge in 9 months
By ETimes The net profit for the first nine months of 2023 at CBZ Holdings was $636.64 billion, up 696.1% from $79.97 billion in the comparative period, according to financial…
Dairibord share price drops despite strong Q3 sales growth
By ETimes HARARE – Dairibord shares slipped 0,17 percent on Wednesday, notwithstanding sales growth reported by the company in its nine-month and third quarter ending 30 September 2023 which were…
ANALYSIS| Storms Gather as Starafricacorp Slumps to ZWL$1.7 bln loss in FY23
By ETimes Financial Performance Highlights Advertisement Commentary and Analysis Evidently, the volatile operating environment weighed heavily on the group as profit margins declined sharply. The other concern is the groups…
ANALYSIS| AfDis Eyes Growth as PAT Surges to ZWL$22.4 billion in HY23
By ETimes Financial Performance Highlights Commentary and Analysis On the face of it, it is a largely positive set of results for African Distilleries. The moderate growth in volumes across…
EcoCash shares slip despite return to profit
By ETimes EcoCash’s shares plunged 3.50% on Thursday despite a return to profit in the half year ended 31 August 2023. Initially focusing on mobile money, EcoCash began as a…