News

Westprop declares US$857K dividend from Q1 operations

PROPERTY developer, WestProp Holdings Limited (Westprop) has declared a dividend of US$857 143 for its first quarter performance ended March 31, 2024, owing mostly to sales of its Pokugara Residential Estate townhouses. During the period under review, revenue increased to US$7,03 million, marking a growth of 11,54% compared to the comparative period last year. Seventy-two […]

Firm commends ZiG effect on stability, inflation

Zimbabwe Stock Exchange (ZSE) listed firm BridgeFort Capital Limited has commended authorities for the resolute stance in controlling money supply growth and eliminating quasi-fiscal activities saying this has brought about exchange rate stability since the introduction of the new currency, the Zimbabwe Gold (ZiG). The Reserve Bank of Zimbabwe (RBZ) in April this year introduced […]

Ariston’s mitigatory measures pay off as tea production surges to 1 830 tonnes

Listed agriculture concern Ariston Holdings Limited tea production for the half year to March 31, 2024 surged by 14 percent to 1 830 tonnes compared to 1 599 tonnes recorded during the same period in the prior year despite bad weather. The impact of the El Nino-induced climatic conditions was experienced at all of the […]

Turnall targets regional export market

CONSTRUCTION firm, Turnall Holdings Limited, is targeting the regional export market and has ploughed US$2 million to upgrade its Bulawayo plant to upscale. With the economy expected to be negatively impacted by the El Nino-induced drought and declining commodity prices in the agriculture and mining sectors, respectively, government support to the construction and infrastructure industries […]

Cafca appoints Nyakudya as new CEO

Cafca Limited has appointed chartered accountant Vimbayi Nyakudya as its chief executive officer (CEO)with effect from June 3. The cable manufacturer has been operating without a substantive CEO since the departure of Rob Webster at the end of February. “Vimbayi Nyakudya, a qualified chartered accountant and experienced chief executive officer, will take over the executive […]

CBZ calls for support to mitigate climate shocks

FINANCIAL services giant, CBZ Holdings Limited, has called on the government’s support to mitigate climate shocks as it reported a huge loan exposure of ZWL$7,12 trillion in the first quarter of 2024. Zimbabwe is experiencing an El Nino-induced drought of average to below normal rainfall with harvests projected to drop by about half. President Emmerson […]

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