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Auditors catch out Econet in currency fudging report

Auditors catch out Econet in currency fudging report

Nyashadzashe NdoroChief ReporterIndependent auditors BDO Zimbabwe Chartered Accountants have expressed an adverse opinion on the consolidated financial statements for the year ended February 29, 2024,...

By Eddie Zvinonzwa •
Mother, entrepreneur, changemaker: Raviroyashe Mpasiri builds Ravy Organics on foundation of health and sustainability

Mother, entrepreneur, changemaker: Raviroyashe Mpasiri builds Ravy Organics on foundation of health and sustainability

Raviroyashe MpasiriAudrey GalawuASSISTANT EDITORRaviroyashe Mpasiri, known as Ravy, isn’t your average entrepreneur. Driven by a passion for healthy eating and sustainable practices, Ravy has carved a...

By Eddie Zvinonzwa •
Proplastics records high production cost due to load-shedding

Proplastics records high production cost due to load-shedding

Audrey GalawuASSISTANT EDITORProplastics Limited encountered electricity supply challenges, which resulted in the use of expensive backup generator to ensure continuity of production.A total of 47 day...

By Eddie Zvinonzwa •
First Capital Bank battles high inflation with increased credit line

First Capital Bank battles high inflation with increased credit line

Nyashadzashe NdoroCHIEF REPORTERIn a bid to mitigate the impact of high inflation and economic uncertainty, First Capital Bank has expanded its credit line.The bank has released its trading update for...

By Eddie Zvinonzwa •
BAT appoints new acting company secretary

BAT appoints new acting company secretary

Mirirai Apolonia WashayaZim Now WriterThe Board of Directors of British American Tobacco Zimbabwe (Holdings) Limited has announced the appointment of Mirirai Apolonia Washaya as the Acting Company Sec...

By Eddie Zvinonzwa •
Acquisition of Diaspora Kapita on course, says BridgeFort Capital

Acquisition of Diaspora Kapita on course, says BridgeFort Capital

Zim Now WriterPrivate equity company, BridgeFort Capital Limited has revealed that the group is continuing to work on the acquisition of Diaspora Kapita and are optimistic this will be concluded withi...

By Eddie Zvinonzwa •
Designated vending zones on the cards for Harare

Designated vending zones on the cards for Harare

  Philemon JambayaHarare Mayor Jacob Mafume has proposed a two-pronged attack to address the challenges posed by the unregulated sprawl of street vendors and unplanned settlements encroaching the city...

By Philemon Jambaya •
Auditor condemns Edgars currency games in financial report

Auditor condemns Edgars currency games in financial report

Nyashadzashe NdoroCHIEF REPORTERVictoria Falls Stock Exchange-listed clothing retailer Edgars Stores Limited faces serious questions about its financial reporting after their auditor issued a scathing...

By Eddie Zvinonzwa •
Zimre Holdings attains Prescribed Asset Status

Zimre Holdings attains Prescribed Asset Status

Zim Now WriterZimre Holdings Limited has reported that the group’s Eagle Reals Estate Investment Trust attained Prescribed Asset Status from the Insurance and Pensions Commission of Zimbabwe.It is ant...

By Eddie Zvinonzwa •
Axia Corporation distressed by currency unpredictability

Axia Corporation distressed by currency unpredictability

Audrey GalawuASSISTANT EDITORAxia Corporation Limited’s trading for most part of the third quarter was affected by depressed disposable incomes and currency uncertainty due to the monetary policy.The...

By Eddie Zvinonzwa •