Companies

Companies

Afdis Toasts Record Q1 Growth: Anti-Smuggling Blitz Fuels Turnover Surge

Afdis, Zimbabwe’s leading spirits and wine producer, has commended the government’s anti-smuggling initiatives, which have significantly boosted the company’s performance in the first quarter ending J

Jul 30, 2025
Companies
Illicit Capital Floods Zimbabwe’s REITs: Tigere Maintains Full Occupancy Amid Concerns

A concerning surge in illicit capital inflows and fuel arbitrage, is increasingly being channelled into Zimbabwe’s urban commercial property market, including the real estate investment trust (REIT) s

 Jul 29, 2025
Companies
Controlled Exchange Rates, ZiG Devaluation Sink Meikles into FY2025 Financial Loss

Meikles Limited, Zimbabwe’s second-largest retailer by store count, reported a significant financial setback in FY2025, plunging into a loss of ZWG 264 million from continuing operations, a contrast t

 Jul 29, 2025
Companies
Tanganda Ditches VFEX Listing, Launches US$8 M Rights Offer

Tanganda Tea Company Limited has scrapped its long-standing plan to create a new class of shares and list them on the Victoria Falls Stock Exchange (VFEX), opting instead to raise US$8 million through

 Jul 24, 2025
Companies
Truworths Delists from ZSE After 44 Years of Operation

The Zimbabwe Stock Exchange Limited (ZSE) has officially terminated the listing of Truworths effective 22 July 2025, following a series of developments that reflect the challenging operating environme

 Jul 24, 2025
Companies
Edgars Lines Up New Store Openings with Quality Affordable Clothes to Take on Informal Sector

Edgars Stores Zimbabwe Limited, a prominent fashion retailer established in 1946 by Sydney Press, has been a cornerstone of Zimbabwe’s retail landscape for over 77 years, catering primarily to middle

 Jul 23, 2025
Companies
Revitus REIT Targets Yield Boom in 2026 Post-Chester House Renovation

Revitus Real Estate Investment Trust (REIT) is anticipating a boom in occupancy and yield ratios in 2026, buoyed by the refurbishment of its flagship asset, Chester House, which is scheduled for compl

 Jul 22, 2025
OK Zimbabwe to Sell 7 Properties in Desperate Cash Grab

OK Zimbabwe has sold shareholders on a US$10.5 million property-disposal plan following a pivotal vote at an Extraordinary General Meeting (EGM), marking the country’s largest grocery retailer’s lates

Jul 22, 2025
Econet Enhances Connectivity in Underserved Communities, Sustains Dominance in Data, Voice Traffic in Q1

Econet has intensified its efforts to bridge the digital divide by deploying ten lightweight, cost-effective base transceiver stations (BTS) in underserved rural areas during the first quarter ended 3

Jul 22, 2025
TN CyberTech Posts 43% Topline Surge in Q1 Driven by Digital Innovation

TN CyberTech Investments Holdings Limited, formerly EcoCash Holdings, has delivered a strong Q1 performance after pivoting to a neobank model, driven by the need to tackle challenges facing Zimbabwe's

Jul 21, 2025
Edgars' Profit Margins Improve Fuelled by Modest Volume Growth in 1HY

Edgars Stores Zimbabwe Limited has reported a modest increase in sales volumes for the first half ended February 6, 2024, which contributed to improved profit margins. The Group’s total sales volume

Jul 18, 2025

Artificial Intelligence Drives Econet’s Strong Q1 25 Performance

Econet Wireless ,the country’s largest telecommunications operator leveraged AI‑powered analytics to deepen customer insight and tailor services in real time, a strategy that helped propel data traffi

Jul 18, 2025

CFI Bounces Back With ZWG493 Million Profit in HY 25 , Driven by Monetary Gains

CFI Holdings Limited has staged a strong comeback in the first half of 2025, swinging from a loss of ZWG348.96 million in the prior comparable period to a ZWG493.64 million profit, according to the co

Jul 16, 2025

Caledonia Raises FY Gold Production Guidance After Blanket’s Q2 Record Production

Caledonia Mining Corporation, Zimbabwe's third largest gold producer, has seen a record-breaking second quarter for gold production in 2025, with output reaching 21,070 ounces (597.32 kg), surpassing

Jul 16, 2025

ZSE Lifts Suspension on Meikles Limited, Trading Resumes

The Zimbabwe Stock Exchange (ZSE) has officially lifted the suspension of trading in Meikles Limited shares, effective July 14, 2025, following the successful resolution of corporate governance concer

Jul 15, 2025

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

Jul 11, 2025

Seed Co Reports 93% Revenue Growth in FY25, but Government Debt, Currency Shift Weaken Profits

Seed Co, Zimbabwe’s leading seed company with a robust regional footprint, reported a 52% surge in sales volume for the fiscal year ended March 31, 2025 (FY2025), driven by strong demand in both domes

Jul 09, 2025

Willdale Invests in All-Weather Plant as Losses Rise Fourfold on Low Working Capital

Willdale Limited, Zimbabwe’s sole publicly listed brick manufacturer, is divesting non-core real estate assets to fund a $3.5 million all-weather production facility and modernised brick-making equipm

Jul 09, 2025

Reviving a Legacy: Mealie-Brand Sees Early Signs of Recovery

Zimplow Holdings, Zimbabwe’s leading manufacturer and distributor of agricultural and industrial equipment, has shown early signs of resilience in its flagship Mealie-Brand unit, which is recovering f

Jun 30, 2025