BUSINESS NEWS

First Capital Bank nears sale of stake in Victoria Falls Hotel

Top financial institution First Capital Bank (FCA) has finally secured a potential investor for its stake in Makasa Sun (Private) Limited, the company that owns a prominent Victoria Falls-based hotel...

BUSINESS NEWS

Kavango Resources secures additional capital

Kavango Resources plc (LSE: KAV, VFEX: KAV.VX), a Southern Africa-focused metals exploration and gold production company, has announced a successful additional fundraising round following its recent ...

BUSINESS NEWS

Dairibord slashes working capital deficit

Dairibord Holdings Limited (Dairibord) has reported a remarkable turnaround in its financial position for the half-year ended June 30, 2025, reducing its working capital deficit by 98.3% to just US$38...

POLITICS

Pastors4ED disburses start-up capital to Harare churches

At least 85 pastors, evangelists, church leaders and congregants in Harare have received business start-up capital under the Pastors4ED Presidential Empowerment Revolving Fund, a programme aimed at pr...

FINANCIAL SERVICES

Zimbabwe banks show strong capital buffers

Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...

POLITICS

Mafume wants human capital director for Harare

HARARE mayor Jacob Mafume has urged council to prioritise the appointment of a substantive human capital director, saying the position is critical to improving the city's administrative efficiency.Spe...

MINING & RETAIL

OK Zimbabwe earmarks 50% of capital raise to clear debts

Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...

BUSINESS NEWS

OK to sell properties in capital raise

OK Zimbabwe Limited has announced plans to sell selected properties as part of a broader strategy to raise US$30 million needed to stabilise its operations and clear outstanding debts.Last month, the ...

BUSINESS NEWS

Zimbabwe gazettes new capital requirements for insurance industry

The Zimbabwean government has gazetted new minimum capital requirements in United States Dollars for players in the insurance sector, a move aimed at strengthening the financial soundness and operatio...

BUSINESS NEWS

Capital Markets quiz competition set to kick off

Preparations are at an advanced stage for this year's Capital Markets High School Quiz Competition, which will see 40 schools from across Zimbabwe compete when the event kicks off tomorrow. This marks...

MINING & RETAIL

Struggling RioZim seeks US$200m reboot capital

RioZim, a diversified resource company listed on the Zimbabwe Stock Exchange (ZSE), urgently requires an estimated US$200 million in fresh capital to resuscitate its struggling mining operations, acco...

CONSTRUCTION & PROPERTY

Fresh capital discussions delay Beta Bricks restart

The long-awaited reopening of BETA Bricks has been delayed due to unresolved negotiations with three potential investors who were expected to inject capital into the company. Initially scheduled for t...

MINING & RETAIL

OK Zimbabwe targets US$30 million capital raise

OK Zimbabwe Limited, the country's largest retail chain, says it is in advanced discussions to raise US$30 million in fresh capital as part of a strategic plan to revive its operations, clear debts, a...

FINANCIAL SERVICES

First Capital Bank sees 150% surge in loan book

First Capital Bank has posted robust financial results for the year ended December 31, 2024, highlighted by a 150 percent surge in its loan book, signaling a deliberate pivot towards bolstering key ec...

BUSINESS NEWS

Bulawayo capitalises on ZITF to market city opportunities

Bulawayo Mayor, Councillor David Coltart, has praised the 65th edition of the Zimbabwe International Trade Fair (ZITF) for providing a valuable platform to market the city's abundant investment opport...

Old Mutual to manage capital from Zimbabwe business on ring fence basis

Old Mutual Limited (OML) says capital raised through repatriation of dividends from its Zimbabwe business will be managed on a ring-fenced basis. This came at a time when the local economy is bleeding...

ZIMBABWE

ZSE capitalisation surges 4,6% on multi-currency ban

The Zimbabwe Stock Exchange's capitalisation on Monday increased by 4,6% to ZWL$30,86 billion as the market reacted to government's decision to outlaw a multi-currency system adopted a decade ago.The ...

POLITICS

Mnangagwa engages Capitalk FM listeners live

HARARE's prime talk radio station, Capitalk 100.4FM, is set to host its first live interview with President Mnangagwa today, with various issues confronting the economy such as price increases and cur...

INDUSTRIALS & ENERGY

CFI divisions get $33 million working capital

CFI Holdings' divisions, Agrifoods and Victoria Foods, will next month go for a scheme of arrangement after their judicial managers, Grant Thornton, courted an investor, Dominion Trading, which inject...

FINANCIAL SERVICES

Agribank on schedule for $100m capitalisation

AGRICULTURE development bank, Agribank says it expects to attain US$100 million capitalisation by January 2020, predominantly for agriculture financing and development. This development comes on the b...

FINANCIAL SERVICES

Capital Bank Corporation provisionally winds up

Capital Bank Corporation has been provisionally wound up after the financial institution failed to service its debts amounting to over $25 million.The decision by the High Court followed an applicatio...

ZIMBABWE

Capital markets poised for growth in 2019

SecZim says it is optimistic that the capital markets will perform exceptionally well this year, despite economic headwinds. Zimbabwe is facing its economic crisis in a decade as shown by increasing f...

FINANCIAL SERVICES

Untu Capital foreign backers withdraw support

African Guaranteed Fund (AGF), the foreign backers of Untu Capital's bond issue, have withdrawn their support to the microfinance company citing Zimbabwe's current unpredictable economic environment, ...

FINANCIAL SERVICES

First Capital Bank shelves unbundling of non-core assets

FIRST Capital Bank, formerly Barclays Bank Zimbabwe has indefinitely suspended the proposed unbundling of non-core assets for listing on the Zimbabwe Stock Exchange (ZSE). In a statement regarding the...

FINANCIAL SERVICES

Net closes in on under-capitalised assurers

The Insurance and Pensions Commission (Ipec), is closely monitoring three under-capitalised life assurance firms - Evolution Life, Heritage and Fidelity Life - after the assurers closed the third quar...