First Mutual Wealth lists first gold ETF on VFEX
First Mutual Wealth (FMW) has listed its gold-backed Exchange Traded Fund (ETF) on the Victoria Falls Stock Exchange (VFEX) – the first such security on the trading platform.
ART board chairman Wushe resigns
Amalgamated Regional Trading (ART) board chairman Thomas Utete Wushe has resigned with effect from 4 May 2026.
RioZim rejects corporate rescue push by a minority shareholder
RioZim Limited has dismissed fresh attempts by a minority shareholder to place the mining group under corporate rescue, describing allegations of financial distress as “bare and unsubstantiated”, even as the company pushes ahead with an aggressive restructuring and recapitalisation programme approved by shareholders recently.
Potent demand uplifts booze maker Afdis, profits surge 51pct
Wines and spirits maker African Distillers Limited (Afdis) posted an impressive set of financial results for the year ended 31 March 2026, with profit after tax surging 51 percent to US$7,7 million, driven by strong product demand, reduced pressure from illicit imports and improved market stability.
Invictus oil drilling target on track, wellpad preparations begin
Invictus Energy Limited (Invictus) has begun preparations of its Musuma 1 exploration well, building up to the company’s planned oil drilling commencement in the second half the year.
Zim govt constructs new interchange
The Zimbabwe government has begun construction of a new interchange in Harare, as the authorities move to upgrade and modernize the country’s roads infrastructure.
Africa’s richest man Dangote positions $10bn cement empire for London market entry
Aliko Dangote is considering what could become the first major London listing of his cement empire as he seeks deeper international capital pools to support expansion across Africa.
Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war
Iran said it was reviewing the latest American proposals on ending the war, as U.S. President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
Zim tobacco sales reach 199 million kg
Zimbabwe has to date sold a total 199,114,300 kg of tobacco at an average USD 2.60 per kg since the beginning of the marketing season in March 2026.
Cottco enters corporate rescue
The Cotton Company of Zimbabwe Limited (Cottco) has been placed under voluntary corporate rescue in an effort to prevent collapse of the struggling state-run entity.