Zimbabwe’s dollar-denominated bourse plans venture board, eyes $5bn market value
Zimbabwe’s dollar-denominated stock exchange plans to increase its market value by 25 percent over the next year as it rolls out new products, including a venture board to help junior mining and exploration companies raise capital.
Old Mutual lists on VFEX
Old Mutual has formally exited the Zimbabwe Stock Exchange (ZSE), clearing the final regulatory hurdle ahead of the resumption of trading on the Victoria Falls Stock Exchange (VFEX) next week.
Ariana Resources targets 2028 gold production from Zimbabwe greenfield project
London-listed Ariana Resources expects to start producing gold from its greenfield project in Zimbabwe in 2028, the company’s managing director Kerim Sener said.
Econet InfraCo reports strong demand for property projects
Econet InfraCo says its flagship property developments – Econet TechCity in Harare and the Victoria Falls Lifestyle Villas – have attracted strong market interest ahead of commissioning this quarter.
Tanganda delays half-year financials over shareholder transition
Tanganda Tea Company has delayed publication of its half-year financial results as it completes financial review processes linked to an ongoing shareholder transition.
Meikles retail defies informal sector, narrows losses
In a year when consumer spending remained under pressure and informal traders continued to garner significant market share, Meikles Limited’s supermarket division delivered a remarkable turnaround, recording its first operating profit in two years.
Kavango commissions 50-tonne gold plant in Zimbabwe, nears commercial production
Kavango Resources Plc (Kavango) has commenced commissioning of a 50 tons-per-day gold processing plant after successful installation at its Hillside gold project in Zimbabwe.
Tigere REIT to acquire US$1.4 million property via sale-and-leaseback
Tigere Real Estate Investment Trust (REIT) plans to expand its property portfolio through a proposed acquisition of a $1.4 million property in the Midlands via a sale-and-leaseback arrangement.
PPC bullish on Zimbabwe as demand lifts earnings
PPC says Zimbabwe remains one of its most attractive growth markets after strong local demand and improved commercial execution boosted profitability and strengthened the country’s contribution to the group’s foreign currency earnings.
Rising operating costs shrink margins for Zimbabwe firms, latest financials reveal
Mounting operating costs—driven by rising energy, fuel, and financing expenses—are eroding profit margins and weighing down expansion plans for most Zimbabwean firms, latest financial reports reveal.