In a strategic bid to combat the exodus of companies from central business districts (CBDs), Revitus Property Fund has doubled down on its mission to revitalize aging CBD properties and breathe new li

Diversified blue-chip company CBZ Holdings, listed on the Zimbabwe Stock Exchange, has posted strong results in its first quarter of the 2024 fiscal year solidifying its position as the largest bank i

ZECO Holdings, the embattled firm led by Phillip Chiyangwa, has started the full-year (FY) 2024 on a positive note after reporting profitability and occupancy growth compared to the same period last y

The Zimbabwe Gold (ZiG) traded at ZiG13.2183 on May 24, 2024, moving up from a low of ZiG13.3976 the previous week. This represented a 1 percentage point decrease from the prior week. The ZiG, which

he Reserve Bank of Zimbabwe (RBZ) has urged the public to approach their banks and withdraw ZiG coins and smaller denomination notes for their own transactional convenience, according to the latest pr

Zimbabwe's National Roads Authority (ZINARA) has disbursed a total of ZWL235 billion (ZiG 93,952,017.31) in the first quarter of 2024 according to its latest report. The larger proportion of this disb

The country's dominant gold buyer Fidelity Printers and Refiners will introduce a system to trace the supply of gold from mines to the market on the 30th of September 2024 to curb gold smuggling. Min

Simbisa Brands, the largest fast-food outlet in Zimbabwe, has opened 25 new counters in the country during the third quarter of the 2024 fiscal year, expanding its footprint and outpacing its main com

Rainbow Tourism Group, the second largest hotel group, is set to complete the final phase of refurbishments at the Rainbow Towers Hotel and Conference Centre, a project which includes upgrading the re

Zimbabwean agricultural products manufacturer and distributor Zimplow Holdings has reported depressed revenue of US$6.1 million in Q3, down 14% year-over-year, largely due to an erratic drought season

Diversified ZSE-listed retail group Axia has reported volume and revenue growth across all its business segments except DGA Zimbabwe and Zambia during the third quarter of the 2024 fiscal year, signal

Diversified ZSE-listed company, Fidelity Life, has reported an after-tax profit of ZWL90 billion during the first quarter of the 2024 financial year, up from ZWL45.5 billion in the previous year. This

African Sun Limited (ASUN), the largest hotel group, has started the 2024 fiscal year with a narrower loss position, down 32% year-over-year. In its latest trading update, ASUN reported a loss before

After securing a US$15 million loan facility from the African Development Bank, NMB Bank Zimbabwe Limited has reported strong financial performance largely constituting high total income, an expanded

FBC Holdings, the fourth-largest bank by loan book in Zimbabwe, has completed the takeover of Standard Chartered Bank Zimbabwe (Stanchat). FBC plans to transform the acquired business into a powerhous

Embattled loss-making company RioZim, once a renowned gold producer, has suffered a staggering full-year 2023 loss of ZWL95.8 billion, up significantly from ZWL20 billion the previous year as the comp

Innscor Africa Limited, a blue-chip firm listed on the Zimbabwe Stock Exchange (ZSE) and the largest food processor in the country, has reported a 23% contraction in the performance of its downpacked

Trading loss shoot to ZWL46 billion from ZWL36 billion in trading profit Operating loss of ZWL81 billion from an operating profit of ZWL38 billion However, it achieved an after-tax profit Harare- In a

he Central Bank of Zambia hiked its benchmark interest rate by 100 basis points to 13.5% during its regular meeting on the 15th of May 2024. This represents the highest interest rate since April 2017.

imbabwe Gold (ZiG) has sustained stability after gaining 1% on the formal market (FM) rate, which is being pegged by the government. The ZiG traded at ZiG13.3976 on May 17, 2024, from ZiG13.5326 in th