Advertisements DELTA Corporation (Delta) will this year prioritise cutting costs across its supply chain in pursuit of more profitable growth, a senior company executive has said.The beverage-maker has been hit by a plethora of operational challenges mainly the sugar tax, exchange rate distortions and foreign currency shortages to procure raw materials.In a recent interview with…
Advertisements TANGANDA Tea Company is set to issue dates for an extraordinary general meeting of shareholders to consider and approve the proposed listing of a new class of shares on the Victoria Falls Stock Exchange and issuance of a rights offer to raise US$8 million.The Zimbabwe Stock Exchange (ZSE)-listed group initially wanted to migrate to…
Advertisements THE life assurance sector has recorded a 140 percent increase in foreign currency revenue, reaching US$76,91 million, as policyholders shift from local currency-denominated policies to forex-based oneAdvertisements This significant growth compares to the US$32,1 million recorded during the same period in 2022.“Given that a substantial portion of the business is recurring, the rise in…
Advertisements THE Confederation of Zimbabwe Industries (CZI) has cautioned that achieving the government’s inflation targets hinges on authorities creating sufficient demand for the local currency.Advertisements While acknowledging the role of tight fiscal and monetary policies in stabilising ZiG inflation, the CZI emphasised that these measures alone are insufficient without a corresponding increase in ZiG use.The…
Advertisements Elton ManguwoStaff WriterAdvertisements Karo Mining House (KMH) is on the brink of securing a US$225 million in debt financing, marking a significant step towards the development of its strategic platinum project located in Zimbabwe’s Great Dyke, a top company official has revealed.This financial backing is expected to expedite the company’s efforts in establishing a…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312841.mp3?cb=1737539742.mp3Advertisements Unifreight Africa Limited has announced that it is currently engaged in negotiations for a transaction that could significantly impact its financial standing and share price.“Shareholders are advised that the Transaction remains subject to, among other things, the completion of due diligence, ongoing negotiations, and any required regulatory and shareholder approvals. There is no certainty…
Advertisements PLASTIC and pipes manufacturer, Proplastics Limited (Proplastics) expects volumes to significantly recover in the fourth quarter thanks to increased plant capacity from newly installed machinery.Advertisements This comes after production volumes declined by five percent in the nine months to September 30, 2024 due to power outages that impacted factory efficiencies compared to the previous…
Advertisements WESTPROP Holdings (WestProp) says it has so far sold 58 percent of fractional shares in its luxurious apartment hotel — Millenium Heights in Borrowdale to investors, just three months after the launch of the scheme in November last year.Fractional ownership in real estate is when multiple people share ownership of a property by purchasing…
Advertisements ECONET Wireless Zimbabwe (Econet)’ s acquisition of financial technology (Fintech) businesses from its offshoot Ecocash Holdings (Ecocash) last year bolstered the group’s topline during the third quarter ended November 30, 2024.The strong performance enabled the group to declare an interim dividend of US$0,36 cents per share.Last year EcoCash transferred all its non-bank assets to…
Advertisements By Kudzanai GeredeCompanies and Markets EditorAdvertisements ZIMBABWE moved one position down to 77th in the 2025 rankings of the world’s most powerful passports published by Henley & Partners, a British consultancy specialising in citizenship and residence from 76th last year.Zimbabwe is tied with Mozambique on both the global and African rankings where they took…
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