INVESTORS should “selectively” buy shares of counters with strong cash generation and resilient operations amid an anticipated economic slowdown next year, investment analyst FBC Securities has said. The securities dealing firm further called for caution despite the ongoing broader market rally, which has seen the ZSE All Share Index rise 13 percent during the third…
TANGANDA Tea Company is seeking shareholder approval to delist from the Zimbabwe Stock Exchange (ZSE) and list on the Victoria Falls Stock Exchange (VFEX). In a circular to shareholders, the company said the proposed migration would align its listing currency with its predominantly US dollar-denominated, export-oriented business. The move is also expected to reduce trading…
FIDELITY Life Assurance of Zimbabwe is broadening its product portfolio to reduce reliance on its Vaka Yako plan, as elevated claims contributed to a sharp decline in half-year earnings. The Vaka Yako product, which is linked to residential stand development, has become a dominant contributor to the insurer’s business, exposing the group to concentration risk.…
EAGLE Real Estate Investment Trust (REIT) is banking on its Victoria Falls projects, which include a hospital, short-stay apartment and a hotel, to drive the company’s long-term growth. The Victoria Falls Stock Exchange-listed development REIT targets investments in tourism and hospitality, healthcare, retail and residential property. Asset manager Bevin Ngara said development at the Trust’s…
RIOZIM shareholders have unanimously approved the proposed disposal of Renco Mine for at least US$35 million paving the way for the transaction aimed at reducing the miner’s debt burden and stabilising its remaining operations. At an extraordinary general meeting held virtually last week Wednesday, shareholders voted 100 percent in favour of the disposal of the…
ZIMPLOW Holdings (Zimplow) is stepping up efforts to diversify beyond agriculture by targeting mining and export markets to insulate operations from shocks. The agricultural machinery and equipment producer is already facing gloomy prospects this year from the threats of a super El Nino expected to dampen demand for its products. To ameliorate the situation, the…
INNSCOR Africa (Innscor) spent US$16,5 million in contract farming during the year ended June 30, 2026, supporting 200 commercial and small-scale farmers under its agricultural programmes. The diversified conglomerate and industrial food manufacturing group’s initiatives cover row crops such as maize, soya beans and wheat, alongside tobacco support and poultry and livestock out-grower models. Innscor…
HIPPO Valley Estates (Hippo Valley) reduced coal consumption by 77 percent in the year ended March 2026 as the sugar producer increased its reliance on bagasse to generate electricity. In its 2026 annual report, the company said coal consumption fell to 2 933 tonnes from 12 646 tonnes in the previous year. “Reduced coal usage…
NAMIB Minerals (Namib) has brought its expanded milling plant at How Mine near Bulawayo to full capacity, almost two months ahead of schedule, lifting monthly processing volume by 36 percent. The Nasdaq-listed miner with several resource assets in Zimbabwe expects the development to ease production constraints and improve operating efficiency as the plant now processes…
US AI giant Anthropic has announced that it has selected Cassava Technologies as its reseller for the African market, bringing one of the most important companies in the AI era…
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