REVENUE at the Victoria Falls Stock Exchange (VFEX)-listed WestProp Holdings Limited grew by 37,9% to US$16,09 million during the financial year ended December 31, 2023 compared to the period prior due to a steep increase in premium sales. The group recorded a net profit after tax of US$50,28 million for the year, with the sharp […]

ERAINBOW Tourism Group Limited (RTG) has partnered Switzerland-based hospitality group Grand Metropolitan Holdings BV (GMH), to create multiple joint ventures. The joint ventures are in technology and hospitality. RTG yesterday said that the aim of the partnership was to leverage the expertise and resources of GMH. “Rainbow Tourism Group Limited has entered into a strategic […]

Specialty retail and distribution group, Axia Corporation Limited (Axia), is countering El Nino’s dampening effect on consumer spending by strategically expanding its distribution channels to drive volume growth, a strategy expected to bear fruit according to analysts’ projections. While the weather phenomenon is expected to impact economies across Axia’s operating regions, the Victoria Falls Stock […]

ZIMBABWE Stock Exchange (ZSE) listed firm, Bridgefort Capital Limited says it recorded a US$260 000 loss for the year to December 2023 as its business suffered from delay in payments, exchange losses, and a myriad of challenges that drew back its operations.Michael Nicholson, Bridgefort Capital Company Secretary, said the business experienced significant delays in payments […]

Meikles and NMB Bank Limited have joined the Zimbabwe Stock Exchange’s (ZSE) Top 10 Index constituents list after registering considerable gains during the first quarter of 2024. The list is reviewed on a quarterly basis. Meikles Limited, with a market capitalisation of $1,85 trillion, is currently the sixth most valuable stock on the ZSE. Meikles […]

CLOTHING manufacturer and retailer, Edgars Stores Limited, says the move to list on the Victoria Falls Stock Exchange (VFEX) positions it for greater regional prominence and opportunities. The group listed on the forex-only bourse on Friday last week, becoming the 15th counter. “The move to the VFEX represents a new chapter in our journey, one […]