Kudzanai Gerede, Companies and Market Editor

ZIMBABWE is set to host the AfCFTA Association of Commodity Exchanges (A-ACX) Annual Conference in Victoria Falls on March 26-27.The Zimbabwe Mercantile Exchange (ZMX) -the country’ sole commodity exchange- said Agriculture minister Anxious Masuka will headline the conference as guest of honour.Running under the theme “Scaling Intra-African Trade: Leveraging Commodity Exchanges for Economic Resilience and…

KUVIMBA Mining House (KMH) is set to spend US$60 million into its gold operations this year in a bold move expected to augment production and improve efficiency leveraging the global price boom to fund part of its ambitious plan.KHM’s gold cluster comprises Freda Rebecca Gold Mine (FRGM), Shamva Mine, and Jena Mines.Last year, the three…

. . . as majority shareholders opt outRIOZIM is betting on the finalisation of a major line of credit and a new ownership deal to turnaround its waning fortunes which could potentially revamp its production efficiencies and provide working capital.The Zimbabwe Stock Exchange (ZSE)-listed gold producer has for several years been running a high-cost inefficient…

MEIKLES Limited (Meikles) is working to have the suspension on trading its shares on the Zimbabwe Stock Exchange (ZSE) lifted after successfully quelling a nasty boardroom wrangle that ensued at the tail-end of last year.The ZSE said the suspension — which took effect on November 25, 2024 — was necessary “to address corporate governance concerns”…

TOBACCO Sales Limited (TSL) says it has lined up several initiatives to increase warehousing capacity which are earmarked for completion before the end of October this year.The Zimbabwe Stock Exchange (ZSE)-listed tobacco processing firm, also with operations in agriculture commodities logistics, recently completed a 15 000 square meter warehouse facility for an undisclosed client, expanding…

THE local equities market has lost significant ground midway into the first quarter of 2025 as tight liquidity conditions and a generally underperforming economy have dampened investor activity.The country’s primary bourse, the Zimbabwe Stock Exchange (ZSE) market capitalization which peaked at ZiG 90 billion in October 2024 since rebasing has been in constant decline closing…