ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion
TweetShareSharePin0 SharesBy ETimes Commentary and Analysis The relatively stable currency environment of Q3 saw a moderate recovery in the groups balance sheet, with total assets and deposits closing marginally higher,…
Econet back in black, posts $63.65bn profit in 1H23
TweetShareSharePin0 SharesBy 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…
Listed companies applaud Treasury
TweetShareSharePin0 Shares…. 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…
Fresh Non-Performing Loans risk looms
TweetShareSharePin0 SharesBy 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…
NMB shares rose 3.71% after appointing Pearson Gowero as chair
TweetShareSharePin0 SharesBy 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…
Unifreight says cross border strategy ‘is proving to be an effective model’
TweetShareSharePin0 SharesBy 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…
CBZ Holdings reports 696.1% YoY profit surge in 9 months
TweetShareSharePin0 SharesBy 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…
Dairibord share price drops despite strong Q3 sales growth
TweetShareSharePin0 SharesBy 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…
ANALYSIS| Storms Gather as Starafricacorp Slumps to ZWL$1.7 bln loss in FY23
TweetShareSharePin0 SharesBy 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…
ZSE starts the week in red, Investors lose $78.68bn
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) opened the week on a negative note as the mainstream All Share Index (ASI) dropped by 0.94% to close at…