Ariston plots VFEX listing, seeks US$18 million raise

ARISTON Holdings (Ariston) is considering ditching the Zimbabwe Stock Exchange (ZSE) and seeking a Victoria Falls Stock Exchange (VFEX) listing as part of a long-term capital raising strategy to meet its US$18 million capital expenditure target.Ariston’s potential VFEX listing follows similar migrations by several counters seeking dollar-denominated capital and improved foreign investor appeal.Counters that have…

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Stanbic bank named best banking brand in Zimbabwe

LEADING financial services institution Stanbic Bank Zimbabwe has been named the Best Banking Brand in Zimbabwe by the world-renowned Global Brands Magazine.This latest accolade adds to the impressive list of awards the bank has received over the years.Global Brands Magazine (GBM) is widely recognised as a leading publication in the field of brands. Each year,…

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What Zimbabwe’s cyber laws should protect

IN the age of digital technology, Zimbabwe is working hard to modernise. From e-government platforms and mobile money to online learning and digital health records, more of our lives are moving online. But as we connect more, we also expose ourselves to growing risks not just from hackers, but from excessive surveillance and invasion of…

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Non-interest income boosts FBC earnings

FBC Holdings (FBC)’s total income reached ZiG578 million during the first quarter to March 31, 2025 supported by strong revenue from fees and commissions.Fees and commissions revenue stood at ZiG337 million, contributing 58 percent of total income.“This highlights the group’s strategic pivot towards fee-based revenue, to reduce exposure to currency and interest rate volatility,” group…

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New subsidiaries lift Unifreight revenue

UNIFREIGHT Africa (Unifreight) strategic investments, mainly its two new business units propelled overall freight volumes, catapulting group revenue for the first quarter ended March 31, 2025 by 30 percent year-on-year.The transport and logistics firm, recently established two new strategic business units (SBUs)- the 4PL logistics brokerage and Cross-Border Transport- which has begun to contribute ‘materially’…

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Submission of final income tax return

By Simbarashe Hamudi THE Zimbabwe Revenue Authority (ZIMRA) has reminded all taxpayers that the deadline for the submission of Income Tax Returns (ITF 12C) for the tax year ending December 31, 2024, is May 31, 2025. This applies to all individuals and entities that earned or accrued income from trade, investments, or other taxable activities…

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Experts urged to empower SMEs

AT this year’s Chartered Governance and Accountancy Institute of Zimbabwe (CGI Zimbabwe) Winter School, leaders in the profession have called for a bold shift toward strengthening governance in small and medium enterprises (SMEs), positioning professionals as key drivers of national resilience and inclusive economic growth.Held under the theme “Upskilling Governance and Accountancy Professionals for Enhanced…

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