Companies

Companies

Westprop Remains Profitable in FY 2024 Despite 54% Net Profit Dip

WestProp Holdings, a prominent real estate company listed on the Victoria Falls Stock Exchange (VFEX) has recorded 54% decline in profit to US$18.26 million  for the full year ended 31 December 2024 f

May 12, 2025
Companies
Caledonia’s Q1 Net Profit Surges by 500%, Taxes to Government Triples to 12 Million

aledonia Mining Corporation, Zimbabwe’s third-largest gold producer, has delivered a remarkable financial performance in the first quarter of 2025, with net profit soaring by 493% to US$8.9 million fr

 May 12, 2025
Companies
Proplastics Sees 11% Production Boost in Q1 25

Proplastics Limited, a Zimbabwe Stock Exchange listed plastics manufacturer and distributor, has reported a 11% jump in production for the first quarter of 2025, according to its latest trading update

 May 06, 2025
Companies
First Mutual Properties Stuns with $57.2M FY2024 Loss, Yet Revenue Rockets 31%

First Mutual Properties Holdings Limited, a real estate investment and property development company listed on the Zimbabwe Stock Exchange (ZSE), has recorded a US$57.2 million loss for the full year e

 May 05, 2025
Companies
Turnall Holdings Net Loss Doubles in 2024 But New Plant Promises Revival

Turnall Holdings, a Zimbabwe-based manufacturer of fibre cement roofing products, pipes, and concrete tiles, reported a widened net loss of US$2.9 million in FY2024, up from US$1.5 million the previou

 May 02, 2025
Companies
Zimplats’ Q3 Production Slumps, Strategic Investments Herald Recovery

Zimplats, Zimbabwe’s preeminent corporate and platinum producer, confronted a severe production contraction that endangers its critical fiscal contributions. As the nation’s largest taxpayer, deliver

 May 02, 2025
Companies
Invictus Energy Gets EMA Approval for Cabora Bassa Project

Invictus Energy Limited, an Australian Securities Exchange (ASX) and  Victoria Falls Stock Exchange (VFEX) listed company, has secured approval from the Zimbabwe Environmental Management Agency (EMA)

 Apr 30, 2025
Unki Platinum Mine Sees 15% Production Decline in Q1 2025

Unki Platinum Mine, Zimbabwe’s third-largest platinum group metals (PGM) producer and a flagship operation of Anglo American Platinum (Amplats), reported a 15% production decline in Q1 2025, with outp

Apr 29, 2025
CBZ's Q1 Performance: A Robust Start Amid Economic Uncertainty

CBZ Holdings kicked off 2025 with a stellar first-quarter performance, highlighting its resilience and strategic focus in a challenging economic environment. The Group reported a profit after tax of

Apr 29, 2025
Khayah Cement to Delist from ZSE, Plans Restructuring, Kiln Refurbishment

Khayah Cement Limited, one of the leading cement manufacturers plans to delist from the Zimbabwe Stock Exchange (ZSE) as part of a strategic restructuring effort to stabilize its operations according

Apr 29, 2025
Padenga Invests US$30 M to Boost Gold Production For 2025

Padenga Holdings Limited,  Zimbabwe’s second largest gold producer  has allocated a US$30 million investment plan for 2025 to ramp up gold production and streamline operations according to the latest

Apr 22, 2025

Zimre Holdings to List Emeritus International on Botswana Stock Exchange After a Mega Profit Jump in 2024

Zimre Holdings Limited (ZHL) plans to list its reinsurance subsidiary, Emeritus International, on the Botswana Stock Exchange (BSE) in 2025, marking a pivotal step in its pan-African growth strategy.

Apr 16, 2025

Blanket Mine Sets New Gold Production Record in Q1 2025

Blanket Mine, flagship asset of Caledonia Mining Corporation, delivered a stellar Q1 2025, achieving a record first-quarter gold production of 18,671 ounces, surpassing the previous high of 18,515 oun

Apr 15, 2025

Ariston’s Macadamia Production Rises 3%, Narrows Loss Position

Ariston Holdings Limited, a diversified agricultural company listed on the Zimbabwe stock exchange (ZSE), has reported a 3% increase in macadamia production to 1, 395 tonnes for the year ended 30 Sept

Apr 15, 2025

Caledonia Nets $22.35M from Solar Plant Sale, Bolsters Liquidity for Gold Expansion

aledonia Mining Corporation  has sold  its 12.2 MW solar plant to CrossBoundary Energy Holdings (CBE) for $22.35 million in cash according to the latest circular by the company. This move is to allow

Apr 15, 2025

Nampak Sells Majority Stake in Zimbabwe Operations to TSL Limited

Nampak South Africa Limited (Nampak SA), a leading packaging company listed on the Zimbabwe Stock Exchange (ZSE), has finalised an agreement to sell a 51.43% stake in its Zimbabwe operations, Nampak Z

Apr 14, 2025

Zeco Holdings Sees Revenue Rise to ZWG 1,655 Million, Yet Losses Widen

Zeco Holdings, a perennial loss maker, has capped full year 2024 with a widened loss despite revenue growth, reporting a deficit of ZWG 549,281, up sharply from ZWG 254,334 in 2023. Yet, the company

Apr 11, 2025

Forex Surrender Rules Slash Proplastics’ Export Share to 4% in FY'24 , Profit More Than Doubles

Proplastics, a leading Zimbabwean plastic pipe manufacturer, reported a profitable FY2024, with profit after tax surging to USD1.2 million from USD520 thousand, according to its latest  financial res

Apr 09, 2025

NMB Bank Harnesses DFI Partnerships to Drive 27% Loan Surge in Export-Critical Sectors

NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil

Apr 08, 2025