Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market
Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct
Apr 18, 2024
Companies
Innbucks Microbank Electrifies New Products: Nano Loans, Loyalty Programs, and More
Innbucks Microbank, a prominent microfinance institution, has unveiled its ambitious plans to expand its product offerings and drive growth in the second half of the 2024 financial year. With a strong
Apr 16, 2024
Companies
Innbucks Microbank Faces Profitability Squeeze: Clocks in at ZWL24 Billion in Profits
Harare- Innbucks Microbank, a microfinance bank formed through the merger of Innbucks and Ndoro Microfinance, has experienced a decline in profitability, with its profit after tax decreasing from ZWL2
Apr 15, 2024
Companies
Hwange Coal Mine Achieves Doubling of Coal Output, Plans Temporary Production Halt
Hwange Colliery Company Limited, a coal miner operating under administration, has experienced an impressive nearly twofold increase in its quarterly coal output during the third quarter ended 30 Septe
Apr 10, 2024
Companies
Currency Woes Cause Delays: VFEX Listed Companies Postpone FY Results Publication
The three listed companies on the Victoria Falls Stock Exchange (VFEX) will delay the publication of their results for the year ended 2023 due to currency-related issues. The delay is attributed to on
Apr 10, 2024
Zimbabwe
FBC Holdings Shatters Records with Over 1 Trillion in Total Income, Circa 500 Billion in Profit
FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in
Apr 03, 2024
Companies
Masimba Holdings Puts FY2023 Financial Results on Hold: Currency Shift Causes Reporting Roadblock
Harare- Masimba Holdings Limited, a construction firm, has decided to postpone the publication of its financial results for the fiscal year 2023. The delay is attributed to the company's transition fr
Apr 03, 2024