BUSINESS NEWS

Zimbabwe ready to ride on AfCFTA opportunities

Foreign Affairs ministry secretary James Manzou has told Parliament that Zimbabwe is geared to take advantage of the opportunities to be brought about by the African Continental Free Trade Area (AfCFT...

By Staff reporter | Published: 10 October 2019

SOCCER

Mnangagwa, DRC's Tshisekedi in Afcon banter

PRESIDENT Mnangagwa took time to discuss football matters on the sidelines of the 12th extraordinary AU summit on free trade areas and was involved in a banter with DR Congo President Félix Tshiseked...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

CTC condemns ZETDC, CAFCA barter agreement

THE Competition and Tariff Commission (CTC) has condemned the barter agreement between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and electrical cable supplier CAFCA accusi...

By Staff reporter | Published: 26 November 2018

INDUSTRIALS & ENERGY

Refocus pays dividends for Cafca

Cable manufacturer Cafca's profit after tax grew four-fold to $3,85 million in the six months to September 30 from $726 213 last year on strong local demand after refocusing to copper products."Profit...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

AfCFTA targets 22 ratifications by year-end

THE African Continental Free Trade Area (AfCFTA) is targeting to secure 22 ratifications by end of this year to pave way for a single continental market with a billion consumers, a Zambian minister ha...

By Staff reporter | Published: 25 June 2018

BUSINESS NEWS

AFC sets eyes on Zimbabwe investment

AFRICAN Finance Corporation (AFC) says it can invest in excess of US$500 million in Zimbabwe's infrastructure development projects but the outlay will entirely depend on the investment opportunities a...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

AFC ready to invest in Zimbabwe

Africa Finance Corporation (AFC), which holds $3,2 billion in assets under management, says it ready to pour in millions of dollars needed for the construction and refurbishment of infrastructure in Z...

By Staff reporter | Published: 06 June 2018

INDUSTRIALS & ENERGY

Cafca bemoans forex shortage for expansion

Cable manufacturing company, Cafca says its second half year performance hinges on the availability of foreign currency, as it joins a slew of companies whose operations are being hampered by persiste...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe joins Africa Finance Corporation

ZIMBABWE has become the 19th member state of the Africa Finance Corporation (AFC), the continent's leading infrastructure development finance institution.It is the latest endorsement of reforms embark...

By CAJ News | Published: 23 May 2018

AFRICA BUSINESS

No big shock for Zimbabwe in AfCFTA

THE African Continental Free Trade Area (AfCFTA) will give countries like Zimbabwe a wider market to export goods, an expert has said, discounting concerns the economy would be overrun by its biggest ...

By Staff reporter | Published: 14 May 2018

BUSINESS NEWS

Experts caution Zim on AfCFTA

Government needs to first look at ways of strengthening its attractiveness in terms of trade and investment before ratifying the African Continental Free Trade Area (AfCFTA), trade experts have said.T...

By Staff reporter | Published: 17 April 2018

Malawi becomes AFC's 18th Member State

The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation, Africa's leading infrastructure development finance institution.The accession of Malawi to A...

By Agencies | Published: 28 March 2018

ANNOUNCEMENTS

CAFCA.zw | Notice of Annual General Meeting

Notice is thereby given that the 72nd annual general meeting of the members of CAFCA will be held in the boardroom at the company's registered office at 54 Lytton Road, Workington, Harare, at 1200 hou...

By CAFCA | Published: 01 February 2018

ANNOUNCEMENTS

CAFCA.zw | Increase in shares in issue

Details:- Shares before : 8 550 108- Shares added : 135 000- New shares in issue : 8 685 108- Effective date : 31 January 2018- Reason : Share Option Scheme...

By CAFCA | Published: 01 February 2018

LATEST PUBLISHED REPORTS

CAFCA.zw | Audited Financial Results FY17

Financial Highlights:- Revenue $ 19 310 457- Operating profit $ 1 223 077- Profit before income tax $ 1 226 227- Profit for the year $ 726 213- Dividend Nil- Total comprehensive income for the year $ ...

By CAFCA | Published: 29 November 2017

ANNOUNCEMENTS

CAFCA.zw | Increase in shares in issue

Details:– Shares before : 8 506 774– Shares added : 43 334– New shares in issue : 8 550 108– Effective date : 21 July 2017– Reason : Share Option Scheme...

By CAFCA | Published: 21 July 2017

LATEST PUBLISHED REPORTS

CAFCA.zw | Unaudited financial results for the half year ended 31 March 2017

Financial Highlights:Revenue $ 9 356 053Operating profit $ 327 128Profit before income tax $ 327 128Profit for the period $ 228 859Dividend NilTotal comprehensive income for the period $ 228 859Earnin...

By A | Published: 05 July 2017

ANNOUNCEMENTS

CAFCA.zw | Notice of Annual General Meeting

Notice is thereby given that the 71st annual general meeting of the members of CAFCA will be held in the boardroom at the company's registered office at 54 Lytton Road, Workington, Harare, at 1200 hou...

By A | Published: 04 July 2017

LATEST PUBLISHED REPORTS

CAFCA.zw | Audited Financial Results FY16

Financial Highlights:- Revenue $ 18 148 818- Operating profit $ 757 196- Profit before income tax $ 678 028- Profit for the year $ 418 604- Dividend Nil- Total comprehensive income for the year $ 418 ...

By A | Published: 04 July 2017

LATEST PUBLISHED REPORTS

CAFCA | Unaudited results for HY ended 31 Mar 14

Financial Highlights:- Revenue: $ 10 047 837- Operating profit: $ 1 060 325- Net finance cost: $ (50 738)- Profit before income tax: $ 1 009 587- Profit for the period: $ 779 578- Dividend: Nil- Total...

By CAFCA | Published: 13 May 2014

INDUSTRIALS & ENERGY

Cafca pins hope on copper recycling project

Zimbabwe Stock Exchange-listed cable manufacturer Cafca's revenue for the six months period ended March 31, 2014 was up 21 percent to $10 million as the company benefited from a change in strategy to ...

By Staff reporter | Published: 13 May 2014

INDUSTRIALS & ENERGY

Barter deal puts Cafca in profitable position

Cafca  MD Rob Webster told the AGM that the copper barter recycling deal has put the firm in a profitable situation as they expect the profit to go up 30% year-on-year."The barter deal started la...

By Staff reporter | Published: 21 February 2014

ANNOUNCEMENTS

CAFCA | Increase in shares in issue to 8 254 008

Details:- Shares before: 8 228 678- Shares added: 25 330- New shares in issue: 8 254 008- Effective date: 12 February 2014- Reason: Removals inwards from Johannesburg register ...

By CAFCA | Published: 12 February 2014

ANNOUNCEMENTS

CAFCA | Notice of Annual General Meeting

Notice is hereby given that the 68th Annual General Meeting of the members of CAFCA Limited will be held in the boardroom at the Company's registered office at 54 Lytton Road, Workington, Harare, at 1...

By CAFCA | Published: 28 January 2014

INDUSTRIALS & ENERGY

Cafca after-tax profit declines

Cafca reported a flat set of results showing a 3% growth in revenue on the back of reduced realizations per tonne due to increased sales of aluminium as opposed to copper as well as increase in expor...

By Staff reporter | Published: 20 November 2013
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