Business
Tanganda Shareholders Approve US$8 Million Rights Offer to Boost Working Capital and Capex
Tanganda Tea Company has received the green light from its shareholders to proceed with a US$8 million renounceable rights offer, aimed at shoring up working capital and funding critical capital expenditure. The Extraordinary General Meeting (EGM) held on February 18, 2026, saw shareholders approve the issuance of 263,921,324 new ordinary shares at a subscription price […]
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Willdale Battles Headwinds in Q1, Eyes Recovery in Q2
Willdale Limited faced significant challenges in the first quarter ended 31 December 2025, with revenue plummeting 36% year-on-year due to limited working capital and low stocks. The company’s extrusion segment recorded a 28% drop in volumes, while the fired production segment suffered a 52% decline in volumes compared to the same period last year. However, […]
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Tanganda Tea Company’s Q1 2026 Revenue Soars 5%: Rights Offer to Fuel Growth
Tanganda Tea Company has kicked off 2026 on a good note, with a 5% surge in revenue to US$4.65 million from US$4.44 million last year for the first quarter ended 31 December 2025, despite recording a US$538,497 loss. The company’s impressive performance is set to get a further boost from an upcoming US$8 million renounceable […]
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CFI Holdings Reports 23.62% Revenue Growth in Q1 2026
CFI Holdings Limited has announced a 23.62% increase in revenue for the first quarter ended December 31, 2025, reaching ZWG1.13 billion, up from ZWG914.02 million in the same period last year. Farm and City volumes increased 51% year-on-year, driven by normal to above-normal rainfall. The business continues to implement product diversification strategies to sustain growth. […]
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African Sun convenes EGM to seek shareholder approval for Carribea Bay Resort sale
African Sun Limited is set to convene an Extraordinary General Meeting (EGM) on March 4, 2026, to finalize the disposal of Caribbea Bay Resort and its associated assets for US$5.65 million. The company is selling the property to the Public Service Pension Fund (PSPF), a State-managed, funded retirement scheme. Caribbea Bay Resort The sale proceeds […]
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Stakeholders Consult on Insuring Public Assets to Boost National Resilience
The Insurance and Pensions Commission (IPEC), the Ministry of Finance, Economic Development and Investment Promotion, and the insurance sector convened a high-level consultative meeting in Harare to discuss the importance of insuring public assets, a key initiative under the National Development Strategy 2 (2026-2030). Insurance and Pensions Commission (IPEC) Commissioner, Grace Muradzikwa Insuring public assets […]
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African Distillers Sees Robust Growth in Q3, Driven by Strong Consumer Demand
African Distillers Limited has released its trading update for the third quarter ended December 31, 2025, reporting robust growth in volume and revenue. The trading environment was characterized by relative stability in inflation and exchange rates, supporting effective business planning. Increased consumer spend, driven by mining, informal sector activity, and diaspora remittances, benefited the business. […]
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Nampak Zimbabwe Sees Mixed Performance in Q1 2026
Nampak Zimbabwe Limited has released its trading update for the first quarter of the financial year, ending December 2025. The company, a leading packaging solutions provider, reported mixed performance across its business segments. The Cartons, Labels, and Sacks Division sales volumes fell 10% year-on-year due to weak demand and improved competition while the Plastics and […]
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Econet Wireless Addresses ZSE Delisting and Econet InfraCo Creation Concerns
Econet Wireless Zimbabwe Limited has provided clarity on its decision to delist from the Zimbabwe Stock Exchange (ZSE) and the creation of Econet InfraCo, addressing shareholder concerns and queries. The company is voluntarily delisting from the Zimbabwe Stock Exchange (ZSE) and subsequently listing Econet InfraCo, a new entity, on the Victoria Falls Stock Exchange (VFEX). […]
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Pfuma Fund Real Estate Investment Trust Lists on Victoria Falls Stock Exchange
The Victoria Falls Stock Exchange (VFEX) has welcomed Pfuma Fund Real Estate Investment Trust (Pfuma REIT) as the second REIT to list on the exchange, effective February 6, 2026. This brings the total number of listings on VFEX to 18. Pfuma REIT successfully raised USD25 million during its subscription period, achieving a 100% subscription level. […]
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