AfricanFinancials Digital Team

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So far AfricanFinancials Digital Team has created 320 blog entries.

September 2019

BAT Kenya PBT up 25.8% to KSh 3.6 bln from higher operating margin and lower finance costs

2019-09-06T13:18:58+02:00September 6th, 2019|

British American Tobacco Kenya Limited ( HY2019 Interim Report We have extracted a Chairperson's Statement from the 2019 half year financial report for British American Tobacco Kenya Limited (, listed on the Nairobi Securities Exchange: Business performance Profit The Company grew shareholder value in a challenging operating environment in Kenya and across its [...]

Turnall Holdings (Zimbabwe) starts exporting to Mozambique, profit before tax up 210% in H1 2019

2019-09-06T13:20:36+02:00September 6th, 2019|

Turnall Holdings Limited ( HY2019 Interim Report We have extracted a Chairperson's Statement from the 2019 half year financial report for Turnall Holdings Limited (, listed on the Zimbabwe Stock Exchange: Introduction On behalf of the Board of Directors, I hereby present the Turnall Holdings Limited abridged unaudited financial results for the half [...]

National Tyre Services: Trading update for the 1st quarter ended 30 June 2019

2019-09-06T09:59:41+02:00September 6th, 2019|

Nature of Business The Company continued with its business of retailing and retreading of tyres, wheel alignment, wheel balancing and related services from its thirteen branches. Trading Environment The trading environment was characterised by continued shortages of foreign currency, steep increases in year-on-year inflation and reduced aggregate demand as businesses and consumers adjusted to the [...]

ZCCM-IH Trading Statement: FY2019 EPS expected to be approximately 45% lower than FY2018

2019-09-04T19:22:49+02:00September 4th, 2019|

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the financial year ended 31 March 2019 is expected to be approximately 45% lower than the financial year [...]

FBC Holdings HY2019 total net income surges 208% to ZWL$198.4 m, primarily driven by banking subsidiaries

2019-09-04T12:47:23+02:00September 4th, 2019|

FBC Holdings Limited ( HY2019 Interim Report We have extracted a Chairman's Statement from the 2019 half year interim report for FBC Holdings Limited (, listed on the Zimbabwe Stock Exchange: It is with great pleasure that I present the financial results of FBC Holdings Limited for the six months ended 30 June [...]

July 2019

Delta Corporation Trading Update for the first quarter ended 30 June 2019

2019-07-28T14:06:01+02:00July 25th, 2019|

The Company reports a subdued performance for the first quarter to June 2019. The fundamental changes in the economy arising from the recent fiscal and monetary policies have significantly affected the business. The availability of foreign currency remains a challenge, disrupting imported supplies into the value chain. The macro-economic changes have led to a surge [...]

OK Zimbabwe 2019 annual report released

2019-07-26T13:25:30+02:00July 4th, 2019|

Chairman’s Statement OVERVIEW While the first half was relatively stable, the operating environment became more challenging in the second half of the financial year. The fiscal and monetary policy pronouncements in October 2018 affected confidence in the market among holders of ZWL balances and bond notes and triggered panic buying of goods to retain value [...]

June 2019

Cassava Smartech Audited Abridged Financial Statements – Four months ended 28 Feb 2019

2019-09-04T08:03:15+02:00June 30th, 2019|

CHAIRPERSON’S STATEMENT (excerpts) A new beginning I am delighted to present the inaugural financial results of Cassava Smartech Zimbabwe Limited’s (“CSZL” or “the Group”) for the 4 months ended 28 February 2019. CSZL owes its existence to the dedication and leadership of the Econet Wireless Zimbabwe (“EWZL”) Group, board and management, and the unwavering support [...]

Econet Wireless Audited Abridged Consolidated Financial Results FY 28 Feb 2019

2019-07-02T07:42:33+02:00June 30th, 2019|

OVERVIEW Our platforms have significantly helped to drive the adoption of digital solutions in all sectors of the economy cementing our position as the mobile network of choice in Zimbabwe. Our services continue to bring increased efficiency and effectiveness to the way enterprises and individuals do business in Zimbabwe. We have an important role in [...]