The Markets Ledger

WestProp to split business in US$129.8 million restructuring

WestProp Holdings plans to separate its flagship Pomona City land bank from its core property business in a major restructuring aimed at sharpening its focus as a listed real estate company, while also creating a standalone vehicle for fresh investment.

Old Mutual sets VFEX listing date

Old Mutual has confirmed that trading in its shares on the Victoria Falls Stock Exchange will commence on 12 August, providing the final piece of detail in the financial services group’s long-awaited migration from the Zimbabwe Stock Exchange.

Seed Co tightens cost controls as input costs bite

The seed producer said the benefits of improved macroeconomic conditions were partly offset by rising input and distribution costs, reflecting continued geopolitical tensions in the Middle East and Eastern Europe and their impact on global logistics, energy, chemicals and fertiliser supply chains and pricing.

Zimbabwe fuel prices go up

Zimbabwe’s energy regulator has increased fuel prices to US$1.95 per litre for diesel (50), from US$1.87, and US$1.96 for petrol (E20) – up three cents, as escalating conflicts and Middle East tensions continue to disrupt transit routes and global crude supplies.

Zimbabwe sees rapid rise in US tourist arrivals

Zimbabwe has seen a nearly six-fold increase in the number of tourists from the United States of America, rising from 18 756 visitors in 2021 to 109 959 in 2025, according to the southern African country’s tourism authority.

Rising Victoria Falls tourism boosts Eagle REIT

Eagle Real Estate Investment Trust (Eagle REIT) says rising tourist arrivals in Victoria Falls are reinforcing the investment case for its US$43 million mixed-use development in the resort town, as demand for hospitality and commercial property gathers momentum.