AfricanFinancials Digital Team

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So far AfricanFinancials Digital Team has created 287 blog entries.

October 2019

Edgars Stores benefits from a leaner structure, HY2019 profit up 594%

2019-10-31T14:45:55+02:00October 31st, 2019|

CHAIRMAN'S STATEMENT FINANCIAL OVERVIEW Consumer spending was suppressed, and continues to slow down, due to depressed salaries purchasing power. The business recorded negative unit growth, with only April and May performing positively in unit terms. In June, positive performance was again negatively affected by the introduction of mono currency. Cumulatively, units for the first half [...]

Zambeef | Year End Trading Update

2019-10-02T15:41:23+02:00October 2nd, 2019|

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, is pleased to provide the following year end trading update. The Group is pleased to announce that for the year ending 30 September 2019, adjusted Profit Before Tax* is expected to be at least 20 per [...]

September 2019

CEC | Cautionary Statement

2019-09-27T16:40:11+02:00September 27th, 2019|

In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of Copperbelt Energy Corporation Plc (“CEC” or “the Company”) wishes to inform shareholders and the market that it is in receipt of a notice of intention to arbitrate from ZESCO Limited (“ZESCO”), pursuant to the Bulk [...]

ZANACO | Trading Statement

2019-09-26T15:42:23+02:00September 26th, 2019|

The Board of Directors of Zanaco Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30th June 2019, the basic earnings per share is expected to be 29% lower than that of the corresponding period last year for the Company. This reduction is due to the decrease in profit after tax [...]

Econet Results of Annual General Meeting

2019-09-27T09:23:24+02:00September 26th, 2019|

Announcement of the Results of Voting at the Twenty-first Annual General Meeting of the members of Econet Wireless Zimbabwe Limited held on Tuesday 24 September 2019. Shareholders are advised that the results of voting at the Twenty-first Annual General Meeting of the Company held on Tuesday 24 September 2019 are as follows: RESULTS 1. As [...]

CECA | 2019 Interim financial results

2019-09-24T16:20:47+02:00September 24th, 2019|

In compliance with the requirements of the Securities Act and the Listing Rules of the Lusaka Stock Exchange, CEC Africa Investments Limited announces its unaudited results for the period ended 30 June 2019. Performance of the Group continues to be tempered by challenges faced in Nigeria where the operating companies are domiciled. These challenges included: [...]

ZCCM-IH | Notice of change in Directorate

2019-10-17T17:56:45+02:00September 23rd, 2019|

In compliance with the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the retirement of Mr Paul M Chanda as Board Member of the Company with effect from 10th September 2019. The Board would like to take this [...]

ZAMBEEF | Disposal of Sinazongwe Farm for USD10 million (LuSE)

2019-09-18T15:14:47+02:00September 17th, 2019|

Zambeef, the fully integrated cold chain food processing and retailing group with operations in Zambia, Nigeria and Ghana, announces that, in line with its strategy of focussing on its core business, disposing of low-performing and/or non-core assets and reducing gearing/debt, it has entered into a binding Sale and Purchase Agreement (“SPA”) with Chenguang Biotech (Zambia) [...]