Zimvest

The government has announced its intention to raise $100 million through the issue of Agro Bills for the financing of agricultural production in this upcoming season. The Government of Zimbabwe is the guarantor of the bills to be issued by the Agricultural Marketing Authority and “applications must be for a minimum of $10 000, and [...]

Read the full story

The country’s leading hotel group Africa Sun which has operations both in Zimbabwe and outside Zimbabwe has just made public its results for its financial year ending 30 September 2011. The performance is quite mixed, the Zimbabwean operations have registered strong growth rates while the regional operations such as the South African hotel units suffered [...]

Read the full story

One of the country’s leading retail outlets, OK limited, has just announced its set of financial results for the six month period ending 30 September 2011. The results show a staggering return to high profitability and revenue growth which only underlines the changed economic environment since dollarization of the economy. Highlights of the performance include [...]

Read the full story

Mashonaland holdings is a Zimbabwe Stock exchange listed company involved in the developing of real estate property as well as property leasing. In the past few days it announced its financial results for the interim period ending 30 September 2011. The results again are quite consistent with the rate of economic recovery under the present [...]

Read the full story

Delta Corporation is a Zimbabwe based beverage manufacturer and the sole distributor of Coke products in the country also it is one of the country’s solid performers on the stock market. A few days ago Delta Corporation announced its financial results for the interim period ending 30 September 2011 and nearly every aspect of the [...]

Read the full story

The Zimbabwe Stock exchange listed timber concern Border Timbers limited has announced its set of results for the year ended 30 June 2011. The group recorded an increase in turnover from $13.8 million last year to about $21.9 million this year this as demand remained firm and the growth in turnover is largely attributed to [...]

Read the full story

The central bank recently announced new regulations on real estate property sales limiting the money that can be accessed by the seller to the initial $50000 and the rest will only be accessed over a year. This is what was contained in the monetary policy statement in late July 2011 and implementation seemed to have [...]

Read the full story

Cement manufacturing concern Lafarge recently released its results for the interim trading period ending 30 June 2011 and the main indicators seem to reflect a good performance though this company incurred a loss for the period. Main highlights include a jump in turnover from $17.2 million in the six months of last to $21.95 million [...]

Read the full story

The never ending problems at the country’s airline Air Zimbabwe have been grabbing headlines yet there appears no plan to end this permanently as the government has been coming through regularly to pull it out of its problems. Now after about two months of no apparent activity the airliner recently commenced flights though the scheduled [...]

Read the full story

Padenga holding limited is a crocodile breeding company which then sells the skin to foreign markets. Padenga was previously a part of Innscor Africa but now it is a stand-alone company and it has just announced its inaugural results for the eleven months ended 30 June 2011. For a company in this very unique business [...]

Read the full story