HARARE - RioZim Limited, one of the oldest Zimbabwean mining companies listed on the Zimbabwe Stock Exchange (ZSE), has announced it is experiencing significant financial and operational challenges.
HARARE - Zimbabwe's foreign currency receipts reached a record high of US$13.3 billion in 2024, marking a 21% increase from the previous year, according to the 2025 Monetary Policy Statement released by Reserve Bank of Zimbabwe (RBZ) Governor, John Mushayavanhu.
HARARE - A new World Bank report has called for Zimbabwe to urgently bolster its resilience against climate-related shocks, emphasizing that "business as usual is not an option" for the nation's economic stability.
HARARE - Despite economic uncertainty in key markets, Simbisa Brands has delivered resilient performance, with its Kenyan operations posting a 16% revenue growth in USD terms for the six-month period.
HARARE - Meikles Limited, a diversified Zimbabwean conglomerate, has reported significant revenue and profit growth despite a complex and challenging economic environment in Zimbabwe.
SOUTH AFRICA - The Zimbabwe Stock Exchange listed African financial giant, Old Mutual, has announced the appointment of Nomkhita Nqweni as the chairperson of the OM Bank Limited (OM Bank) Board, effective February 24, 2025.
HARARE - Zimbabwe's biggest retail supermarket, OK Zimbabwe Limited, has announced a significant overhaul of its leadership, with the departure of key executives and the return of former company officials.
HARARE - The Tobacco Industry and Marketing Board (TIMB) has banned the private sale of non-contract tobacco warning that all free-funded tobacco in Zimbabwe will be sold through the auction system this year.
HARARE - Tassmak Design and Construction (Pvt) Ltd has failed in its attempt to place a caveat on a property in Lewisam, Harare, following a High Court ruling delivered by Justice Christopher Dube-Banda.
HARARE - Listed companies in Zimbabwe are now required to submit mandatory sustainability reports for financial years commencing on or after January 1, 2024, according to a joint regulatory statement issued by the Public Accountants and Auditors Board (PAAB), the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX).
