CBZ Holdings (CBZ), is leveraging its 35 percent stake in the Zimbabwe Mercantile Exchange (ZMX) to position itself as a key player in the development of a robust commodity exchange ecosystem, both domestically and across the region, a top company executive has said.The group has been instrumental in agricultural financing and economic development initiatives.In an…
MASIMBA Holdings says the tight liquidity conditions in the market has hampered effective execution of projects resulting in cash flow challenges and increasing debtors’ book.The construction firm is a huge contractor of the government’s massive infrastructure projects.“This (tight liquidity) constrained the business’ ability to fund ongoing projects and manage operational expenses, causing delays in project…
Zimplow says it is refocusing its efforts on its mining and infrastructure business units, which have shown resilience despite economic setbacks for long-term growth in response to the challenging conditions in the agricultural sector.The diversified firm’s agricultural unit, including Mealie Brand, saw a 46 percent drop in turnover due to the severe drought and the…
Willdale expects its planned transition to solar energy to save up to five percent in energy costs as part of its efforts to reduce environmental impact and contain overheads.The brick-making concern has recently been plagued by losses due to overreliance on the national power grid, resulting in downtime averaging 30 percent due to electricity cuts…
THE Chas Everitt International Property Group says it is looking to expand its footprint into several new countries across the continent. This follows the leading real estate firm’s expansion into…
MASIMBA Holdings says low levels of liquidity in the market adversely impacted its capacity to execute projects during the financial year ended December 31, 2024.The government has been keeping a hawkish eye on local currency supply, the ZiG, into the market in an attempt to manage the exchange rate and stabilise inflation.However, the unintended consequence…
ZIMPLOW says its rationalisation at Mealie Brand and TrenTyre is expected to bring the business units back to profitability, translating to increased group earnings.The Victoria Falls Stock Exchange-listed group embarked on a cost containment drive to preserve cash flows, which included a group-wide staff rationalisation exercise, closure of non-performing branches and branch consolidation at TrenTyre.Zimplow…
AGRICULTURAL Finance Corporation (AFC) Holdings wants to monetise its vast tracts of peri-urban land during the first half of 2025 as it seeks to unlock capital to finance operations across its subsidiaries.AFC, which was established following the restructuring of Agribank in 2021, is wholly owned by Mutapa Investment Fund, the country’s sovereign fund. It comprises…
AXIA Corporation (Axia) is planning a robust e-commerce sales strategy to grow market share by enhancing accessibility of its products to customers amid stiff competition from the informal sector.The Victoria Falls Stock Exchange (VFEX)-listed manufacturer and retailer of home furniture and appliances, heavily relies on formal retail channels to sell its products, which until recently…
RAINBOW Tourism Group (RTG) bolstered its balance sheet during the year ended December 31, 2024 after its right-of-use assets increased more than 400 percent to US$968 765 from US$185 984 in 2023.Coupled with recently acquired equipment and developments on properties, the group’s total assets gained 19,6 percent to settle at US$64,515 million from US$53,954 million…
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