PPC volumes suffer, anticipates to shrink further
By ETimes Zimbabwe Stock Exchange dual listed regional cement manufacturer PPC has said its Zimbabwe operations have been affected by loadshedding which has seen the country experience between 16-18 hours…
ZB Holdings retains Mash Holdings major shareholding
By ETimes ZB Financial Holdings (ZBFH) says it now holds a control block of the shares in Mashonaland Holdings and the shareholder spread remains in compliance with ZSE listing rules,…
Axia gross margin up 36pc in HY23
By ETimes Victoria Falls Stock Exchange (VFEX) listed diversified goods retailer Axia saw its gross margin grow by 36% as a result of growth in revenues in the half year…
Old Mutual profit tanks, declares dividend
By ETimes Old Mutual reported sharply lower profit last year as it grappled with the difficult macro-economic environment and market volatility but managed to declare a dividend in the process.…
CFI appoints Dumba as substantive FD
By ETimes Listed agro company CFI holdings has appointed Mr Tariro Dumba as the substantive Group Finance Director effective March 2023, replacing Mr Chesternoel Mutevhe who was on an acting…
ART mulls manufacturing facility for lithium storage
By ETimes Amalgamated Regional Trading (ART) says it is working on setting up a manufacturing facility for lithium storage, which is one of its key projects to move in line…
Nedbank Zimbabwe’s ROE more than doubled in FY2022
By ETimes Nedbank Zimbabwe says its return on equity more than doubled in 2022, contributing significantly to the group’s “quite a good set of results”. The uncertainty in the domestic…
Meikles shareholders in US$ dividend
By ETimes Meikles has declared a second interim dividend of US$0.60 cents for the year ending March 31, 2023, as the company continues to return value to its shareholders. In an…
Dr Mangudya defends his press release
By ETimes Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mangudya has alluded that his institution was attacked and had to put the record straight on allegations posed in an…
Simba Makoni out, Victor Gapare in at Powerspeed
By ETimes Dr. Simba Makoni has stepped down from his position at Powerspeed, where he was the chairman of the board for the past 13 years and was replaced by…