CONSTRUCTION & PROPERTY

Zimre records US$1,42m loss after property arm restructuring

ZIMRE Property Investments Limited (ZPI) says the restructuring of its portfolio led to a loss of US$1,42 million for the year ended December 31, 2018 from a profit after tax of US$2,48 million in the...

By Staff reporter | Published: 01 May 2019

FINANCIAL SERVICES

Zimre conversion to boost revenue growth

Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the fi...

By Staff reporter | Published: 26 June 2018

CONSTRUCTION & PROPERTY

Complex shareholding stalls Zimre bundling

A complicated shareholding structure in Zimre Holdings Limited's regional subsidiaries is stalling the group's move to consolidate all of its operations in new offshore company, Emeritus International...

By Staff reporter | Published: 25 June 2018

BUSINESS NEWS

Zimre injects $2m into Credsure

INTEGRATED financial services group, Zimre Holdings Limited said it injected $2 million into Credit Insurance Zimbabwe (Credsure) after it snapped a majority stake in the insurance firm.Zimre increase...

By Staff reporter | Published: 22 June 2018

TRANSPORT & TOURISM

Zimbabwe Railway benefits from ZIMREF

Zimbabwe's transport sector is one of the beneficiaries of the Zimbabwe Reconstruction Fund (ZIMREF) a World Bank managed multi- donor Trust Fund. One of the goals of ZIMREF is to create an enabling e...

By Staff reporter | Published: 03 May 2018

CONSTRUCTION & PROPERTY

Zimre begins work on $13m Victoria Falls complex

ZIMRE Properties has started construction of its $13 million mall in Victoria Falls following approval by council.The local authority which is looking forward to similar investments in the resort town...

By Staff reporter | Published: 03 May 2018

CONSTRUCTION & PROPERTY

Zimre to turn Nicoz House into students quarters

Financial services group, ZIMRE Holdings, will soon start refurbishment works on its Nicoz House building in Selbourne Park, Bulawayo, which is being turned into living quarters for tertiary students....

By Staff reporter | Published: 10 April 2018

CONSTRUCTION & PROPERTY

ZPI sells Zimre Centre

ZIMRE Property Investment Limited has sold off its flagship - Zimre Centre in Harare - for $10,8 million with the proceeds earmarked for the development of the Victoria Falls and Bulawayo projects.In ...

By Staff reporter | Published: 03 April 2018

CONSTRUCTION & PROPERTY

Zimre targets US$80m to cement capital base

Zimre Holdings Limited (ZHL) says it is targeting to raise, through its subsidiary, Emeritus International, in excess of US$80 million through the first phase of a private placement, which will enable...

By Staff reporter | Published: 29 March 2018

CONSTRUCTION & PROPERTY

Zimre signs Pick n Pay as anchor tenant

Diversified financial services group, Zimre Holdings Limited, has entered into a deal with TM/Pick n Pay that will see one of the country's leading retailers becoming an anchor tenant in the insurance...

By Staff reporter | Published: 27 March 2018

BUSINESS NEWS

Zimre rebrands reinsurance operations

Zimre Holdings Limited (ZHL) is consolidating its reinsurance operations under Emeritus Reinsurance International, as it seeks to innovatively grow its market share and profitability.The rebranding, w...

By Staff reporter | Published: 26 March 2018

BUSINESS NEWS

Work on new Zimre shopping mall starts

CONSTRUCTION of a $13 million shopping mall in Victoria Falls has started with the contractor already on site carrying out excavation work on the 1 500-hectare piece of land.The Zimbabwe Reinsurance (...

By Staff reporter | Published: 06 February 2018

CONSTRUCTION & PROPERTY

Zimre secures approval to list on BSE

ZIMRE Holdings has secured regulatory approvals to consolidate its regional reinsurance assets into an entity that will list on the Botswana Stock Exchange (BSE).The regional operations include the wh...

By Staff reporter | Published: 23 January 2018

CONSTRUCTION & PROPERTY

ZHL profits up 1 137% on restructuring

Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its rest...

By Staff reporter | Published: 26 September 2017

CONSTRUCTION & PROPERTY

Zimre's Bulawayo $10m projects to begin soon

ZIMRE Property Investments Limited has set aside about $20 million for the development of its construction projects in Bulawayo and Victoria Falls that are expected to begin soon.The projects comprise...

By Staff reporter | Published: 23 August 2017

INDUSTRIALS & ENERGY

ZimRe to the rescue as CFI bleeds

The company is completely de-capitalised. Every unit has a working capital deficit. This is clear from the financials. This, in my view, clearly shows he doesn't know how to run a business of this mag...

By Staff reporter | Published: 14 July 2017

FINANCIAL SERVICES

Zimre Property seeks to turn fortunes

ZIMRE Property Investments (ZPI) suffered a 15 percent revenue decline and 10 percent projects income dip during the first quarter of 2017 compared to the prior period the previous year, as the Zimba...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

Zimre seeks Botswana listing

Zimbabwe Stock Exchange-listed diversified concern, Zimre, is planning to list its subsidiary Emeritus International Reinsurance Company (Emeritus) in Botswana.The group's chief executive, Stan Kudeng...

By Staff reporter | Published: 04 July 2017

CONSTRUCTION & PROPERTY

Zimre in cost-cutting drive

Zimre Property Investments (ZPI) has embarked on another cost-cutting drive aimed at keeping the company afloat in an increasingly challenging economic environment.The realtor's managing director, Eds...

By Staff reporter | Published: 04 July 2017

FINANCIAL SERVICES

Zimre forecasts $150m turnover

Zimre Holdings Limited is forecasting a turnover of about $150 million by the end of this year as the company targets increased earnings from the disposal of non-core and non-performing local and exte...

By Tinashe Makichi | Published: 02 July 2014

FINANCIAL SERVICES

ZHL shareholders approve share-buyback

Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...

By Staff reporter | Published: 30 June 2014

FINANCIAL SERVICES

Zimre Holdings' profit declines by 40%

Integrated financial services group Zimre Holdings Limited (ZHL) has recorded a profit before tax of $2,7 million in 2013, which is 40% less than the $4,4m it recorded in 2012.In its latest financial ...

By Staff reporter | Published: 06 May 2014

FINANCIAL SERVICES

Zimre mulls offloading stake in Malawian insurer

Zimre Holdings Ltd is considering offloading its stake in Malawi-based United General Insurance Company (UGI), to its subsidiary NicozDiamond. Sources close to the deal said it was only logical to sel...

By Staff reporter | Published: 16 April 2014

FINANCIAL SERVICES

ZHL profitability vaults

INSURER ZimRe Holdings Limited recorded an awesome 209 percent growth in profitability in the interim to June 2013 to overturn a $1,4 million half year loss in 2012 to a US$1,5 million profit.The Zimb...

By Staff reporter | Published: 27 September 2013

CONSTRUCTION & PROPERTY

Respectable results from Zimre

ZIMRE reported a respectable set of results as operating profit significantly increased to $1.6m from a loss of $1.1m in the prior period. Profit before tax for the group improved from a loss of $1.4...

By Staff reporter | Published: 27 September 2013
Pages:
1
2

Latest News

Latest Published Reports

Latest jobs