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FBC Building Society eyes mining town Hwange for new housing scheme

By ETimes FBC Building Society, a unit of financial services group FBC Holdings, says it is going to construct housing units in Hwange next year that fulfil the needs of…

Lafarge Cement Zimbabwe publishes delayed results but volume sales falls

By ETimes Lafarge Cement Zimbabwe met its set deadline of publishing half year results before the end of October 2022 after being delayed on account of new external auditors’ review…

Delay in settling road contractors remains a bottleneck says Zimplow

By 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 country’s…

Of limited real lending and soundness of the banking sector

By 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 billion…

Imara says more companies are likely to change their functional currency to USD

By 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, says…

Edgars believes further FX trading relaxation will raise USD generation to fund imports

By 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 is…

Fastjet says no guarantee of continued future access to legacy loan facility

By 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 creditors.…

EcoCash to leverage the EcoCash brand

By 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 Mrs…

Hippo invests more than ZWL$29mln in mills and packing stations

By 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 local…

General Beltings to remain listed on ZSE

By 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, Shabanie…