CBZ Holdings (CBZ) total income increased by 0,4 percent to ZiG2,86 billion in the six months to June 30, 2026 compared to ZiG2,85 percent a year earlier supported by growth in non-funded income and the group’s diversification model. The group, which owns the country’s largest bank by assets and deposits, CBZ Bank, was largely supported…
CAFCA says rising investment in the mining sector is creating new opportunities for electrical infrastructure suppliers despite growing pressure from rising global copper prices. The cable manufacturer has supplied major…
A CHANGE in the Victoria Falls Stock Exchange (VFEX)’s market capitalisation methodology has pushed its value to a record US$8,27 billion this Tuesday, nearly double that of the Zimbabwe Stock Exchange (ZSE).The new methodology, introduced last week, requires the market capitalisation of cross-listed companies to be calculated using their full global issued share base multiplied…
STAR Africa Corporation’s revenue rose 31 percent in the first quarter to June 30, 2026, driven by higher volumes at its GSS and CCF units as price cuts helped defend market share and stimulate demand.Operating profit before the group’s share of associate earnings increased 58 percent year-on-year, supported by volume-led revenue growth and higher sundry…
TECHNOLOGY Company BYD Zimbabwe in partnership with Tsapo Group has launched a new seven-seater ATTO 8 plug-in hybrid electric vehicle (PHEV) sports utility vehicle in Harare as the companies seek to expand the adoption of electrified vehicles in Zimbabwe.The ATTO 8 features BYD’s fifth-generation Dual Mode (DM) Super Hybrid Technology and is available in two…
ZIMTRADE and the Confederation of Zimbabwe Industries have partnered to strengthen the competitiveness of local manufacturers and expand access to international markets.The two organisations recently signed a memorandum of understanding establishing a manufacturing exporters’ initiative to address key constraints facing producers, including high production costs, limited access to finance, standards compliance, logistics and market access.ZimTrade…
Prisca Tshuma Staff Writer NAMPAK Zimbabwe (Nampak) expects firmer sales volumes in the paper and plastics segments during the final quarter of the financial year ending September 30, 2026, supported by a larger tobacco crop and rising packaging momentum. The positive outlook comes after group volumes rose four percent in the third quarter year-on-year, driven…
CAFCA Limited (Cafca) reported an eight percent uptick in exports during the nine months to June 30, 2026, mainly driven by a stable monetary environment in the domestic economy which improved trading conditions. The cables manufacturer last year recalibrated its regional strategy, pivoting toward direct business-to-business (B2B) sales as it sought to revive export earnings,…
TANGANDA Tea Company (Tanganda) is streamlining its operations to improve efficiency in resource allocation and utilisation as part of ongoing efforts to turn around the fortunes of the business. The restructuring follows significant governance and executive leadership changes in March this year, following the acquisition of a 27,32 percent stake in the company by Innscor…
HIPPO Valley Estates (Hippo Valley) says it is prioritising the domestic sugar market, where margins are stronger, as weakening global prices squeeze export profitability. The sugar producer’s local market sales accounted for 93 percent of total sales volumes in the first quarter to June 30, with volumes rising eight percent year-on-year. “The local market continues…
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