The Markets Ledger

Zeco revenues decline, banks on construction boom

Zeco Holdings is counting on Zimbabwe’s construction sector sustained growth to drive demand for its steel products after it recorded a decline in revenue during the first quarter ended 31 March 2026.

Zeco appoints new CE

Engineering group Zeco Holdings Limited has appointed Clifton Frankis as chief executive, as the group seeks to consolidate its return to profitability and accelerate a broader strategic turnaround.

Zeco Holdings turns a profit

The engineering group reported a ZiG3.37 million profit attributable to shareholders for the year ended 31 December 2025, reversing a loss of ZiG549,282 recorded in 2024.