ZIMBABWE is seeking inclusion in the Morgan Stanley Capital International (MSCI) index framework as authorities move to attract global portfolio investors and deepen the country’s capital markets. Zimbabwe Stock Exchange (ZSE) Holdings chief executive Justin Bgoni said MSCI had already begun assessing the local market after engagements between the two parties. “We have started engagement…
CALEDONIA Mining Corporation’s revenue for second quarter to June 30, 2026, rose 16 percent year-on-year to US$75,9 million driven by a stronger realised gold price and improved production at Blanket Mine. The gold miner raked in US$65,3 million a year earlier, as higher gold prices boosted earnings. Revenue was also 14 percent from US$66,4 million…
MEIKLES Limited (Meikles) is planning to expand its supermarket network in the coming financial year in a push to grow revenue and reclaim market share from the informal sector. The expansion comes after the group’s performance for the year ended February 28, 2026, was weighed down by intense competition from informal traders and subdued consumer…
AFRICAN Distillers (Afdis) says cost pressures increased during the first quarter ended June 30, 2026, on the back of rising fuel and packaging expenses. This was despite strong volumes and revenue growth in the quarter under review. “Notwithstanding these positive developments, the company experienced cost pressures during the quarter, mainly from higher fuel and packaging…
OLD MUTUAL is confident that the Victoria Falls Stock Exchange (VFEX) has “matured” enough to provide liquidity and a viable trading platform for its 30 000 Zimbabwean shareholders following its migration from the Zimbabwe Stock Exchange (ZSE). The insurer’s Zimbabwean shareholders have been unable to trade their Old Mutual shares locally since trading on the…
Omega Ukama News Editor WESTPROP Holdings is seeking shareholder approval to remove its US$129,8 million Pomona City land bank from the listed property group, formalising a balance-sheet restructuring first disclosed in April. The company published a circular last week outlining a scheme of reconstruction under which the 161,51-hectare Pomona City land bank will be transferred…
Prisca Tshuma FIDELITY Life Assurance of Zimbabwe (FLA) is considering bulk fuel imports for its funeral assurance operations as escalating fuel costs, partly driven by geopolitical tensions in the Middle East, put pressure on the sector. The development comes after the Zimbabwe Energy Regulatory Authority recently increased the price of diesel from US$1,87 to US$1,95…
THE government should introduce incentives to encourage small and medium enterprises (SMEs) to use the newly launched Zimbabwe Entrepreneurship Exchange (ZEEX), Institute of Chartered Accountants of Zimbabwe (ICAZ) chief executive William Mandisodza has said. Mandisodza said incentives could accelerate the adoption of the Zimbabwe Stock Exchange (ZSE) platform and increase the flow of formal capital…
Tapiwa Chirume ZIMBABWE’S construction industry is positioning itself for significant growth as increased government investment in housing and infrastructure creates opportunities across the sector, the Zimbabwe Building Contractors Association (ZBCA) has said. The sector is expected to benefit from increased investment in housing, roads, dams, energy projects and urban renewal, with industry players also looking…
Shamaine Chirimujiri THE Grain Marketing Board (GMB) has received US$5 million from the Treasury to pay farmers. The latest disbursement is expected to ease pressure on farmers awaiting payment for grain delivered, while supporting continued production and national food security. GMB chief executive officer Edson Badarai yesterday said the funding demonstrated the government’s commitment to…
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