ZIMRE Holdings (Zimre) says it resumed recognising earnings from its 41,08 percent shareholding in CFI after the associate returned to profitability during the year December 31, 2025. The recovery in CFI signalled the potential turnaround of a long-troubled investment that had previously been fully impaired after years of cumulative losses. “In prior years, the company’s…
FIDELITY Life Assurance is capitalising on rising demand for financial protection products as global geopolitical tensions and economic uncertainty prompt more households to prioritise insurance and long-term security. The insurer said changing consumer behaviour helped drive strong growth during the year ended December 31, 2025, with customers increasingly turning to life insurance, pensions and funeral…
News Editor ECONET Wireless Zimbabwe (Econet) shares are trading well below fair value according to local equity research firms. The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Exchange (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE). Three firms argue that price…
MUTAPA Gold Resources (MGR) says it remains focused on cost management rather than fluctuating bullion prices as global gold markets retreat from record highs reached earlier this year. International gold prices peaked at an all-time high of US$5 595 per ounce late January this year driven by uncertainty in the global economy. Since then, the…
LAND Fortune Market Place (LFM) and eMkambo have launched an agricultural trading platform designed to help farmers access buyers across the region while improving access to finance and insurance. Backed by a market capitalisation of US$5,2 million, the platform targets farmers operating under Village Business Units, many of whom struggle to secure reliable markets and…
DRINKS maker Varun Beverages (Varun) has emerged as the frontrunner for a controlling stake in Dairibord Holdings Limited (Dairibord), as it seeks to close the gap on Asian competitor Export…
FIRST Capital Bank (FCB) has rolled out its 2026 Strategic Client Road Show, a nationwide stakeholder engagement initiative designed to translate its “Customer First” strategy into direct community action. The 18-day flagship programme sees the financial institution’s senior leadership travelling across 13 cities to engage clients, business partners, and community leaders. Combining executive visibility, media…
SANDAWANA Lithium Mine has declared a 39,9 million-tonne JORC-certified resource with 72 percent measured confidence, positioning Zimbabwe’s project among the world’s most bankable emerging lithium deposits. Mutapa Energy Resources says the maiden Joint Ore Reserves Committee (JORC)-compliant resource estimate marks a major geological milestone for Zimbabwe’s mining sector, providing independent confirmation of the quality and…
Prisca Tshuma and Mishma Chakanyuka THE forced return of multitudes of Zimbabweans, who are fleeing afrophobic attacks in South Africa, will severely strain the government’s coffers, economic experts have warned. In addition, they say the streams of returnees will also result in the depletion of vital diaspora remittances, which serve as a key financial life…
MUTAPA Gold Resources (MGR) has earmarked US$1,2 million for the construction of a new assay laboratory at its Freda Rebecca Gold Mine in Bindura as it moves to strengthen testing capacity and support growing exploration activities. The investment comes as MGR became the first gold miner in Zimbabwe to secure international accreditation for its current…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More