LOGISTICS group Unifreight Africa posted a powerful start to 2026, reporting strong first-quarter earnings growth while pressing ahead with major expansion plans designed to cement its position in Zimbabwe’s transport and express logistics sector. In its latest trading update, the company said group sales for the quarter reached ZiG 211 million, ahead of budget, while…
ARISTON Holdings (Ariston) is investing in technology-enabled farming and value-addition initiatives to improve competitiveness and protect margins amid rising costs and operational challenges. In a trading update for the first quarter ended December 31, 2025, the group said the domestic operating environment remained difficult as input costs and broader economic pressures continued to weigh on…
NMBZ Holdings says strict credit management systems helped reduce non-performing loans to 3,14 percent despite growing pressure on retail borrowers, with agriculture remaining the bank’s largest lending sector. The non-performing loan (NPL) ratio is a key measure of banking sector health, reflecting the proportion of loans where borrowers have failed to meet repayment obligations over…
PROPLASTICS recorded a year on year 35 percent increase in sales volumes to 1 861 tonnes in the first quarter to March 31, 2026, driven by infrastructure projects across Zimbabwe and the region. Production volumes rose 22 percent during the quarter, enabling the company to meet orders and replenish fast-moving inventory, while margins remained stable…
ZIMBABWE’S publicly listed equities reached US$8,55 billion in market capitalisation as at March 31, 2026, double the US$3,8 billion recorded in the same period last year. In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing investor confidence and market…
FIRST Mutual Properties (FMP) is set to delist from the Zimbabwe Stock Exchange (ZSE) in July 2026 following a cash buyout offer from its majority shareholder, First Mutual Holdings (FMH). The proposed transaction involves an offer to acquire up to 360,944,355 ordinary shares, representing approximately 29,2 percent of the company’s issued share capital held by…
DELTA Corporation’s revenue reached US$1,09 billion for the year ended March 31, 2026, a 35 percent increase over the prior year, driven by strong volume growth, improved product and pricing mix. The beverage manufacturer said the proportion of domestic sales denominated in foreign currency was 94 percent for the full year, an increase from 80…
GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent economic growth will drive demand in key sectors but cautioned that regional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms. AfCFTA, which commenced trading on January 1, 2021, created a market of about 1,2 billion people and established…
CAFCA says a US$1 million solar plant commissioned at its factory last month will cut electricity costs by 30 percent, helping the company improve competitiveness against rising imports. The solar system, which produces 1MW on the Alternative Current side and peaks at 1,16MW, forms part of the company’s strategy to reduce production costs and cushion…
OLD Mutual Zimbabwe Limited (OMZIL) is seeking shareholder approval to convert an US$84,3 million debt owed to subsidiaries into preference shares as it aims to ease cash flow pressure and clean up its balance sheet. Under the proposal to be decided at an annual general meeting stated for May 27, OMZIL will issue the new…
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