FIRST Capital Bank has been named Zimbabwe’s bank of the year by The Banker, a publication of the London-based Financial Times Group and a global reference in the banking sector. This prestigious accolade, awarded to a single bank per country, recognises institutions that excel through their strong business models, consistent strategic execution, and meaningful contributions…
NAMPAK Limited (Nampak) says its Zimbabwean assets are still ‘held for sale’ following the TSL deal collapse earlier this year. Agro-industrial firm, TSL entered into an agreement with Nampak to snap up its 51,43 percent shareholding in Nampak Zimbabwe for US$25 million before it pulled out at the eleventh hour. The South African packaging firm…
ZIMBABWE’s micro, small and medium enterprises (MSME) sector is structurally fragile, hindered by limited access to finance and external markets as well as over-reliance on imports, the inaugural State of the MSME Sector Report shows. According to the report, Zimbabwe’s emerging businesses scored a composite index of 49,6 percent, reflecting a sector still ‘developing.’ The…
TANGANDA Tea Company (Tanganda) is set to dispose of non-core assets with a cumulative value of US$4,5 million as it seeks to improve the quality of its portfolio while eyeing significant investments to bolster operations. The group is also considering a bridging facility of US$2,5 million, already at ‘advanced stages’ of review by the relevant…
THE third edition of the State of the Service Economy Survey (SOSES) will take place this evening at the Hyatt Regency Hotel in Harare. The event is organised by The…
ECONET Wireless Zimbabwe (Econet) says its share price on the Zimbabwe Stock Exchange (ZSE) is ‘grossly undervalued’- prompting the group to consider several corporate actions to unlock its intrinsic value. The country’s biggest telecommunication company by subscription is touted to hit US$1 billion in revenue by year end after it raked in ZiG13,5 billion, translating…
DELTA Corporation (Delta) says it will remain listed on the Zimbabwe Stock Exchange (ZSE) despite concerns over its share price valuation. The beverage maker stressed that only investors will determine the ‘right’ price. This comes as market analysts insist the company’s share price is trading below historical averages and not consistent with its stellar operational…
ZIMBABWE’s micro, small and medium enterprises (MSMEs) have been commended for their resilience and contribution to the national economy in the face of mounting operational challenges. This came out at…
DAIRIBORD Holdings (Dairibord) says it is focusing on growing its production capacity through several capital projects already underway that will improve product availability. The milk and dairy products producer is set to commission a new steri-milk line filling and processing line in Chipinge in the final quarter of the year, which is projected to produce…
FIDELITY Life Assurance (FLA) says its Vaka Yako housing product continues to drive new business, contributing 80 percent of its life and pensions business revenue. Launched in 2022, the Vaka Yako product enables individuals in Zimbabwe to progressively acquire a stand or house, with monthly payments starting at US$45. Ideally, the group treats the housing…
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