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…
Edgars shares tumble in its last day of trading on ZSE
By Stephen Chandisareva HARARE – Sentiments on the local bourse remained positive on Wednesday as the gap between the official and parallel markets seems to be widening again despite the…
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…
Navigating Inflation: Impact on Businesses and Consumers
By ETimes In March 2024, Zimbabwe’s economic landscape witnessed a notable shift in inflation rates, sending ripples through both businesses and consumers. The month-on-month inflation rate, a crucial indicator of…
Proplastics receives qualified audit opinion for FY2023
By ETimes HARARE – Proplastics appears to be in a relatively healthy financial position, with growth in revenue, profitability, and equity, as well as a conservative approach to debt and…
Milk output up 21% in first two months despite serious drought
By Stephen Chandisareva HARARE – Milk production in Zimbabwe surged by 21% in the first two months of 2024, latest figures show. This comes as players in the dairy industry…
NatFoods keeps keen eye on capex commitments, interest-bearing borrowings
By ETimes HARARE – By adjusting its functional currency, managing legacy liabilities, and restating financial reports, NatFoods has demonstrated adaptability to the changing currency environment in Zimbabwe to maintain transparency…
Zim’s Water and Sanitation Crisis: Govt Efforts Fall Short, Citizens Suffer
…as only 27% of enumeration areas in Zim have piped water systems By Stephen Chandisareva HARARE – Based on the data provided in the Afrobarometer report, Zimbabwe faces significant challenges…