The European Union has discontinued its financial assistance of US$5 million to the Zimbabwe Electoral Commission (ZEC), the electoral body of the country, in the aftermath of the contested 2023 gener

pologies for the error. Dairibord Zimbabwe Limited, the largest dairy products processor listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss after tax of ZWL4 billion for the six months e

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.

Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas

Amalgamated Regional Trading Holdings Limited (ART), a leading trading and manufacturing company based in Zimbabwe, has released its financial results for the fiscal year ended September 30, 2023. The

Nampak Zimbabwe, the packaging firm, displayed impressive financial growth as its revenue surged by a remarkable 46% to ZW$573.78 billion for the full year ending on September 30, 2023. This substanti

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

CFI Holdings experienced a staggering 245.7% surge in revenue to ZWL 201.99 billion The company grappled with expense management challenges ultimately reporting a loss of ZWL 92.73 billion Negative

The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im

Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

TSL Limited operates in key sectors such as agriculture, mining, energy, pharmaceuticals, and trade, playing a crucial role in the movement and exchange of commodities. The company's diversified portf

Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las

Glenara Estates, another subsidiary of CFI Holdings Limited, witnessed an impressive doubling of its potato harvest during the quarter. The harvest yielded 2,989 tonnes, compared to 1,468 tonnes in th

AB InBev, the leading global brewer, has experienced significant expansion in its operations in South Africa and Africa. This growth can be attributed to the company's strategic focus on capturing mar

Amplats Harare- Zimbabwe has achieved a remarkable milestone in its platinum production, with quarterly output reaching an unprecedented high of 133,000 ounces (koz), representing an estimated 8% yea

ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr

TOAZ casts doubt on the suitability of low-earth-orbit (LEO) satellite systems, popularized by firms like Starlink, as a broad solution for Zimbabwe.  The association says high costs are likely to lim

"Post forecasts that sugar cane production will increase by 1% to 3.5 million metric tons (MT) in marketing year 2023/24, while sugar production is expected to rise by 3% to 410,000 MT," the report st