HARARE - Old Mutual Limited, a major African financial services group listed on different bourses including the Zimbabwe Stock Exchange, has disclosed significant challenges in its Zimbabwean operations, which have contributed to a decline in the company’s overall IFRS profit and headline earnings for the six months ended June 30, 2025.
HARARE - Invictus Energy Limited, an independent upstream oil and gas company listed on the Australian Securities Exchange, has finalised terms of its long-awaited Petroleum Production Sharing Agreement (PPSA) with the Government of Zimbabwe, while the venture has also been granted National Project Status (NPS) to accelerate the development of the Muzarabani Gas Project.
HARARE - FBC Holdings Limited is negotiating credit lines worth more than US$50 million to strengthen its funding base and expand lending to customers, as liquidity constraints continue to weigh on the domestic financial sector.
HARARE - The Supreme Court of Zimbabwe has dismissed an appeal by Petrozim Line Private Limited against a former employee and trade union leader, Samuel Hova, on a procedural technicality, citing the requirement for appellants in labour matters to furnish security for costs.
HARARE - Caledonia Mining Corporation Plc, a gold mining giant operating in Zimbabwe and listed on the Alternative Investment Market (AIM) of the London Stock Exchange, has posted robust results for the second quarter ended June 30, 2025, driven by record gold production at its Blanket Mine and a sharp rise in gold prices.
HARARE - Zimbabwe Stock Exchange listed retail giant OK Zimbabwe Limited has successfully raised US$20 million from its renounceable rights offer, achieving a 100% subscription rate.
London Stock Exchange (LSE) listed mineral exploration company Kavango Resources plc is seeking a secondary listing on the Victoria Falls Stock Exchange (VFEX) to raise up to US$13.5 million for mining and exploration projects in Zimbabwe and Botswana.
HARARE - The Zimbabwe Consolidated Diamond Company (ZCDC) has lost a staggering 1,440,507 carats of diamonds due to outdated processing equipment, according to the Auditor-General's report for the year ended December 31, 2023.
HARARE - A new factsheet from the United Kingdom (UK)'s Department for Business and Trade has revealed a substantial increase in trade between UK and Zimbabwe, with total trade in goods and services reaching £364 million in the four quarters to the end of Q1 2025, marking a 15.6% rise from the previous year.
HARARE - The Government of Zimbabwe has defended its decision to compensate Pinnacle Holdings, a company owned by Zanu-PF businessman Phillip Chiyangwa, with over 180 hectares of prime land across Harare, worth more than US$40 million, citing a value-for-value basis for the transaction.
