AFRICAN Sun is set to delist from the Victoria Falls Stock Exchange following approval by shareholders in an extraordinary general meeting last week.Advertisements The hotelier, among other reasons for the delisting, primarily cited the undervaluation of its share price on the VFEX. “Every move we have made, including our proposal to delist, is about ensuring…
RAINBOW Tourism Group (RTG) reported a 13 percent increase in revenue to US$50,3 million during the year ended December 31, 2025, supported by a 28 percent growth in foreign‑currency earnings.Advertisements The hotelier said foreign currency revenue strengthened significantly, increasing to US$24,1 million during the year from US$18,9 million in the previous year, supported by continued…
FIRST Capital Bank (FCB) recorded a 52 percent year-on-year surge in profit to US$30 million for the year ended December 31, 2025, driven by strong customer acquisition and improved efficiencies…
THE Securities and Exchange Commission of Zimbabwe (SECZIM) says pension funds dominated share purchases in the final quarter of 2025, accounting for 45,36 percent of the total value of trades settled. Advertisements During the period under review, trades worth a combined ZiG1,19 billion were settled through the Chengetedzai Depository Company (CDC) and the Zimbabwe Stock…
TOBACCO sales volumes have increased significantly this season, with 44,1 million kilogrammes (kg) sold as of yesterday, up 66 percent from 26,6 million kg recorded during the same period last year.Advertisements Information Minister Zhemu Soda told a post-Cabinet media briefing on Tuesday that the marketing season, which opened on 4 March 2026, has started strongly,…
MASHONALAND Holdings (Mash Holdings) has raised concern over the widening supporting infrastructure deficit, warning that the services are failing to keep pace with the rapid expansion of residential developments.Advertisements Supporting infrastructure in property refers to the underlying physical systems, utilities, and social amenities that enable a real estate development or community to function. According to…
SEED Co has called on the government to implement stricter, punitive legislation to curb the proliferation of counterfeit seeds on the market, which is undermining agricultural productivity.Advertisements Authorities have, in recent years, intensified efforts to combat counterfeit products across various sectors. However, the problem remains widespread and is estimated to cost Zimbabwe about US$1,2 billion…
PPC Zimbabwe (PPC) recorded a 22 percent increase in cement volumes for the 10 months to December 31, 2025, underpinned by sustained strong demand from both industrial and retail customers.Advertisements The performance reflects firm activity in the domestic construction sector, which continues to support growth in cement consumption. In a trading update, PPC Limited, the…
THE hospitality sector is grappling with a shortage of hotel rooms as rising demand from corporate events and tourism continues to outstrip available capacity, Hospitality Association of Zimbabwe president Emmah Kativu has said.Advertisements The pressure comes as the industry steadily returns to pre-pandemic business patterns, with stronger bookings and higher occupancy levels across key destinations.…
ZIMBABWE’s foreign currency earnings increased by 77 percent to US$3,35 billion during the first two months to February 2026 from US$1,89 billion for the comparable period in 2025, driven by mining exports.Advertisements The Reserve Bank of Zimbabwe said the total foreign currency inflows reflect a strong export performance, mainly driven by mining exports, particularly gold…
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