DAIRIBORD Zimbabwe (Dairibord)’s revenue is expected to grow by 22 percent to US$154,78 million this year on anticipated volume growth across all group categories, equities analyst firm Inter Horizons (IH) Securities says.This is a 4,5-percentage point increase in topline for the dairy products processor whose revenue grew by 17,55 percent last year to US$126,75 million…
FIRST Capital Bank (FCB)’s business transformation is set to unlock US$14 million in dividends for the 2024 financial year after its board proposed a final dividend declaration of 0,315 cents per share.This will bring the bank’s total dividend for the year ended December 31, 2024 to 0,661 cents per share.For the period under review, the…
AFRICAN Sun’s revenue from continuing operations reached US$53,98 million for the year ended December 31, 2024 up 15 percent from previous year, sustained by growth in occupancy and stronger average daily rates (ADR).Hotel operators continue to register steady growth in business beating pre-covid-19 levels in terms of occupancy and earnings performance with investments in refurbishments…
TURNALL Holdings (Turnall) expects the ongoing retooling exercise at its factories and cost-containment initiatives to spring the business back to profitability in the near term.The Zimbabwe Stock Exchange (ZSE)-listed fibre cement roofing material maker has been struggling for competitiveness due to aging machinery.The group has a new sheeting plant in Harare expected to increase production…
ZIMRE Holdings Limited (ZHL) says it will continue prioritising sustainability-driven investments under its Environmental, Social, and Governance (ESG) initiatives.Companies listed on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) have been reporting on their ESG initiatives as part of their financial disclosures since January 2024.Through Eagle Real Estate Investment Trust (REIT),…
PROPLASTICS says the increase to 30 percent of export proceeds surrender requirements to the Reserve Bank of Zimbabwe (RBZ) beginning of this year has rendered its export business uncompetitive.Authorities increased foreign currency surrender for exporters by five percentage points from 25 percent, meaning exporting companies will only retain 70 percent of earnings in hard currency…
INVICTUS ENERGY is forging ahead with expanding its exploration footprint in Zimbabwe’s Cabora Bassa basin with Musuma-1 next in line for its high-impact exploration for gas-conMusuma-1 will be the first high-impact exploration well drilled outside the Mukuyu discovery area, targeting a new play type and potentially unlocking further significant gas resources.“In the event of a…
TELECOMS companies in the country have seen their profits rise by 88,82 percent.This big rise is due to serious improvements in their infrastructure, which means better connections and service for everyone, letting the companies keep up with what customers want.Revenue climbed to ZiG6,42 billion from ZiG3,40 billion.In a report on how the sector performed in…
ZIMBABWE is not developing irrigation as quickly as planned, with only 217 000 hectares of land having working systems, far less than the target of 496 000 hectares.Commenting on the findings of the second crop, livestock and fisheries assessment report (CLAFA), the Minister of Agriculture, Anxious Masuka, said the government needs to offer more incentives…
Schweppes Holdings Africa has appointed Stanley Muchenje as managing director effective May 1, 2025 following the retirement of Charles Msipa from the position after nearly two decades at the helm of the beverage maker.Muchenje joins Schweppes from African Distillers where he was managing director since 2021.“The board, management and staff of Schweppes Holdings Africa extend…
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