https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312841.mp3?cb=1737539742.mp3Unifreight 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 at…
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.AdvertisementsThis 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 period.Nationwide power…
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 a…
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 Econet…
By Kudzanai GeredeCompanies and Markets EditorAdvertisementsZIMBABWE 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 18th position…
FBC Holdings (FBC), a diversified conglomerate, has resolved to focus its real estate projects on expanding its asset base in high- and medium-density suburbs, aiming to tap into the growing market demand in this segment.Zimbabwe’s ongoing currency volatility has prompted investors to shift from traditional savings accounts to banking in real estate assets. Consequently, demand…
KEY stakeholders in the horticultural sector have called on the Government to abolish the 25 percent foreign currency export retention policy, arguing that the regulation hampers the industry’s growth and competitiveness.AdvertisementsIn 2023, the Reserve Bank of Zimbabwe (RBZ) issued an exchange control directive establishing a uniform foreign currency retention threshold of 25 percent for all…
ZIMBABWE’s inflation is expected to remain elevated in 2025 driven by foreign currency exchange rate pressures on the domestic currency — the ZiG, financial analysts, Fincent Securities have said.AdvertisementsZiG month-on-month inflation recorded a drastic drop in the final quarter of 2024 tumbling from 37,2 percent in October to 11,71 percent in November and further to…
FBC Securities has called on policymakers and businesses to foster an environment conducive to long-term financial instruments such as infrastructure bonds, corporate bonds, and public-private partnerships (PPPs), to mobilise long-term capital and address structural financial challenges.AdvertisementsIn its 2025 Outlook report, FBC warned that the reliance on short-term funding for long-term obligations is a significant factor…
ZIMTRADE has urged horticultural farmers and traders to certify their produce in order to strengthen Zimbabwe’s position as a key exporter to the European market.AdvertisementsThe global demand for organic produce continues to grow, driven by increasing consumer awareness of health, sustainability, and environmental concerns.However, accessing these lucrative markets requires compliance with strict certification standards.In its…
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