ZESA, Management Services sign JV to establish US$25mln cable manufacturing plant
By Stephen Chandisareva HARARE – ZESA Enterprises signed an agreement with Management Services for setting up a cable manufacturing plant worth over US$25 million in Harare. This transformative initiative, spearheaded…
Baldmin Projects inks lucrative deal with Chinese firm
By Stephen Chandisareva HARARE – Baldmin Holdings has entered into a partnership with Henan Fote Heavy Machinery of China, which will see it distribute and sell warehouse spares, mining equipment…
FY2023| Masimba receives adverse opinion from external auditor
By Stephen Chandisareva HARARE – Construction firm Masimba Holdings has received an adverse opinion from its external auditor, Grant Thornton for its 2023 financial results. The main issue raised by…
Lack of funds delays hiring of a substantive company secretary: Willdale
By ETimes HARARE – One of the major shareholders in Willdale has raised an issue about a “significant conflict of interest” concerning the current finance director, Mavuto Munginga, who holds…
BAT updates sustainability agenda
By Climate Brief British American Tobacco Zimbabwe (BAT) says it has refreshed its sustainability agenda to reflect the changing external environment. The cigarette manufacturer says it remains clear that reducing…
FBC Holdings in impressive performance in face of challenges
By ETimes HARARE – In a year marked by economic uncertainties and evolving regulatory landscapes, FBC Holdings (FBC) emerged with commendable financial results for the full year ending December 2023.…
NMB FY23 financials get qualified opinion from auditor over ‘misstatements’
By ETimes HARARE – NMB Holdings’ external auditor, Ernst & Young Chartered Accountants (Zimbabwe), has expressed a qualified opinion on the bank’s financial statements for the year ended 31 December…
British American Tobacco sees decline in volumes, but revenue surges
By ETimes In their full-year results announcement for the period ending December 2023, British American Tobacco (BAT) reported a 5% decline in total volume, marking a shift from 1,054 million…
CFI revenue surge more than eightfold in first 5 months
By Stephen Chandisareva HARARE – CFI Holdings, a diversified group, said on Thursday that its historical turnover for the 5 months to February 2024 rose more than eightfold to $286.5…
Hwange Colliery mines better quarter amid economic turbulence
By ETimes HARARE – Hwange Colliery, under administration in terms of Zimbabwean law, has reported a promising quarter ending September 30, 2023, despite ongoing economic challenges. The company, whose stock…