Business
Invictus Awards SLB Well Services Contract for Musuma-1 Well, On Track for November Spud in Zimbabwe’s Cabora Bassa Basin
Invictus Energy Limited has awarded a key drilling and well services contract to SLB, formerly Schlumberger, for its upcoming high-impact Musuma-1 exploration well in the Cabora Bassa Basin in Zimbabwe. The award keeps the project on schedule for drilling to commence in November 2026. The contract covers the provision of specialized drilling services, technology, and […]
Read More
Old Mutual Posts Strong First-Half Growth, Raises Dividend and Launches R1 Billion Buyback
Old Mutual Limited delivered a solid set of unaudited interim results for the six months ended 30 June 2026, supported by stronger sales, improved margins, disciplined cost management and good progress on its strategic reset. The Group reported 21% growth in both Life Annualised Premium Equivalent sales and gross flows, reflecting improved competitiveness across South […]
Read More
WestProp Shareholders Approve Restructuring Plan and Minority Exit Offer
WestProp Holdings Limited shareholders have approved a comprehensive scheme of reconstruction that will split the company’s assets and offer eligible minority shareholders in Alpha Holdings Africa an exit at a significant premium. The resolutions were passed at an Extraordinary General Meeting held on Tuesday, 1 September 2026. Shareholders representing 76.18% of the register attended in […]
Read More
Revitus REIT Delivers Strong 2025 Growth on Higher Income and Asset Upgrades
Revitus Property Opportunities Real Estate Investment Trust closed 2025 with a marked improvement in financial performance, supported by stronger rental income, investment gains, and ongoing upgrades across key properties. For the year ended 31 December 2025, the REIT posted a profit of US$4.6 million, a sharp increase from the prior year. The result was driven […]
Read More
Mahomed Mussa Wholesalers Expands Footprint With New Electrical and Home Centre in Harare
HARARE – Mahomed Mussa Wholesalers is continuing its retail expansion drive with the upcoming opening of a new Electrical and Home Centre branch along Lytton Road in Harare, located opposite Lyon Matches and near National Foods Limited. The announcement follows closely after the group’s recent launch of another branch at Bloomingdale Complex on Sam Nujoma […]
Read More
Kavango Resources Appoints Jasper Musadaidzwa as CEO
Kavango Resources plc, a Southern Africa-focused exploration and gold production company listed on the LSE and VFEX, has named Jasper Musadaidzwa as Chief Executive Officer and Executive Director, effective immediately. Jasper Musadaidzwa, Kavango Resources plc Chief Executive Officer and Executive Director Musadaidzwa is a Zimbabwean mining executive with over 27 years in the industry. He […]
Read More
Proplastics Posts 22% Revenue Jump in H1 2026 on Infrastructure and Agriculture Demand
Proplastics Limited delivered a strong performance for the six months ended 30 June 2026, with revenue, profitability and cash generation all improving year-on-year despite a challenging global operating environment. Revenue rose 22% to US$11.73 million from US$9.59 million in the same period last year, supported by a 23% increase in sales volumes. Export sales at […]
Read More
CBZ’s US$600m Bond, Karo Platinum Deal and Delistings Set the Tone as Markets End August on a Mixed Note
August was a month of big move its, cautious optimism, and mixed signals on the ZSE and VFEX, with infrastructure, property, and mining deals setting the tone. Morgan & Co, a securities firm and investment banking partner that offers trading, market intelligence, and sponsoring broker services issued it’s August 2026 Monthly Brief. Last Month’s Highlights […]
Read More
ZB FINANCIAL HOLDINGS DELIVERS STRONGER CORE EARNINGS ASSETS GROW TO ZWG19.5BN IN FIRST HALF
HARARE, 31 August 2026 — ZB Financial Holdings Limited recorded a stronger underlying performance for the six months ended 30 June 2026, with growth in sustainable profit, assets, and insurance revenue, even as reported profit after tax declined due to lower exchange gains. In unaudited consolidated results released this week, the Group said profit after […]
Read More
FBC HOLDINGS POSTS 23.8% RISE IN PROFIT, GROWS BALANCE SHEET AMID STABLE MACROECONOMIC CONDITIONS
HARARE, 31 August 2026 — FBC Holdings Limited has reported a resilient first-half performance for the period ended 30 June 2026, with strong growth in revenue, a stronger balance sheet, and improved asset quality despite ongoing global and domestic economic pressures. In unaudited condensed consolidated results released on Friday, the diversified financial services group said […]
Read More