Search results for 'capital raise'
World
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
Zimbabwe
Pick n Pay's Transformative R4bn Capital Raise

Pick n Pay, a leading South African retailer, has successfully raised a substantial R4 billion (US$218 million) through a rights offer that was oversubscribed, reflecting strong investor confidence in

Aug 08, 2024
Companies
Tanganda Seeks to Raise US$7.7 Million, Eyes VFEX Listing

Tanganda Tea Company Limited is aiming to list on the US dollar-denominated Victoria Falls Stock Exchange (VFEX) while raising US$7.7 million through a renounceable rights offer. This move is outlined

Oct 29, 2024
Companies
OK Zimbabwe Seeks $30 Million to Tackle Stockouts, Debt

OK Zimbabwe Limited, the country’s largest retail operator by store count, is seeking to raise up to US$30 million to stabilize its finances amid a brutal operating environment that has pushed it to c

Apr 02, 2025
Companies
OK Zimbabwe Shuts Food Lovers Market Franchise Outlets

Less than two years after its ambitious acquisition of Food Lover’s Market franchises, OK Zimbabwe Limited, the country’s largest retailer by store count with over 70 branches, is set to close its pre

Jun 04, 2025
Companies
OK Zimbabwe Raises US$20m, Boosts US$30m Turnaround Plan

OK Zimbabwe Limited, the country’s largest supermarket chain by store count, has successfully raised US$20 million through a fully subscribed renounceable rights offer, according to the latest circula

Aug 14, 2025
Companies
Rutanhi Beverages Underwrites Tanganda Tea Rights Issue, Raises Control Stakes

Tanganda Tea Company, the leading diversified tea enterprise listed on the Zimbabwe Stock Exchange, has introduced the possibility of a shift in control after securing full underwriting for its US$8 m

Jan 28, 2026
Companies
Tanganda Shareholders Approve US$8m Capital Raise, Strengthening Innscor Entry Path

Tanganda Tea Company Limited has secured shareholder approval to raise US$8 million through a renounceable rights offer, a capital injection expected to stabilise the Zimbabwe Stock Exchange-listed  d

Feb 19, 2026

Top Stories

Zambia’s Unemployment Falls: But the 9.9% Rate Masks a Deeper Working Poverty Crisis

The Zambia Statistics Agency has reported a decline in the country's official unemployment rate to 9.9%, down from 12.9% in 2021 and from 12.6% recorded in the 2022 Labour Force Survey.  This was dis

21 hours ago

Inflation Climbs Again as Fuel Shock Pushes Food and Transport Costs Higher

Zimbabwe's ZiG annual inflation accelerated to 4.8% in April 2026, up from 4.4% in March and 3.8% in February, while USD annual inflation rose to 2.2% from 1.3% in March and 0.9% in February, accordin

1 day ago

Is Zimbabwe’s Insurance Sector Missing the Market That Now Defines the Economy?

Zimbabwe's insurance penetration rate stands at approximately 2%, below the Sub-Saharan Africa average of 2.8% and less than a third of the global average of 6%. This figure was cited in the 2024 annu

1 day ago

Pfuma Fund Declares First VFEX REIT Dividend After Just 53 Days

Pfuma Fund, a Real Estate Investment Trust listed on the Victoria Falls Stock Exchange, has declared an interim dividend of USD 446,719 for its inaugural reporting period ended 31 March 2026, represen

1 day ago

South Africa’s Maize Export Market Faces Pressure as Zimbabwe Moves From Deficit to Surplus

Zimbabwe, once the bread-basket of Africa has accounted for 38% of South Africa's maize exports in the 2025-26 marketing year, absorbing approximately 741,000 metric tonnes out of a total of 1.95 mill

1 day ago

GB Holdings Reports 96% Profit Collapse Despite 43% Revenue Growth

GB Holdings Limited has reported a profit after tax of USD 38,950 for the financial year ended 31 December 2025, a 96% collapse from the USD 1,029,508 recorded in the comparable period, despite total

Apr 24, 2026

Datvest Consumer ETF Delivers 45% Gain as Delta, Innscor Dominate Basket

The Datvest Modified Consumer Staples Exchange Traded Fund has reported a 45% year-on-year growth in the fair value of equity investments for the year ended 31 December 2025, with net assets attributa

Apr 23, 2026

Beyond the Agreements: Why Plumtree Has Become the Credibility Test of the Zimbabwe–Botswana BNC

Zimbabwe and Botswana have concluded the Fifth Session of their Bi-National Commission in Harare on 22 April 2026, with President Emmerson Mnangagwa and Botswana President Advocate Duma Gideon Boko co

Apr 23, 2026