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So far AfricanFinancials Digital Team has created 5231 blog entries.

Econet Wireless 2nd Cautionary Announcement relating to the Renounceable Rights Offer of Econet Wireless Zimbabwe Ltd shares

April 27th, 2023|

SECOND CAUTIONARY ANNOUNCEMENT RELATING TO THE APPROXIMATELY US$30.3 MILLION RENOUNCEABLE RIGHTS OFFER OF ECONET WIRELESS ZIMBABWE LIMITED SHARES. 1 INTRODUCTION 1.1 This Second Cautionary Announcement contains the details of the proposed Rights Offer referred to in our initial Cautionary Announcement that was published on the 5th of April 2023. 2 PURPOSE OF THE RIGHTS OFFER [...]

Morupule Coal Mine signs a milestone Memorandum of Understanding for Letshego Botswana to provide financial support of P2.2 billion to micro and small entrepreneurs over 5 years

March 16th, 2023|

March 16, 2023; [Gaborone, Botswana]: Morupule Coal Mine (MCM) and Letshego Botswana recently partnered through the signing of a Memorandum of Understanding to provide financial support to Micro and Small Entrepreneurs (MSEs) and drive Citizen Economic Empowerment. The agreement enables Morupule Coal Mine’s contract suppliers the unique opportunity to access affordable funding through the commitment [...]

Powerspeed Group Quarterly Results for First Quarter ending 31 December 2022

March 2nd, 2023|

COMMENTARY Trading Update Trading recovered during the quarter under review as compared with the previous quarter, which was not good. The group traded profitably resulting in an 8.7% growth in Shareholders' Funds during the quarter. Inflationary pressures continued to push up the real costs of basic household expenses resulting in reduced disposable income and therefore [...]

Letshego Holdings performance forecast for the year ended 31 December 2022

February 19th, 2023|

Letshego Holdings Limited (“LHL” I “the Group” I “Letshego”) was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange (BSE) since 2002. Letshego is an inclusive finance focused Group with microfinance banking and consumer lending subsidiaries across eleven countries in sub-Saharan Africa. In line with section 5.4c [...]

OK Zimbabwe HY 2023 Profit Before Tax increased by 150%, translating to a profit margin of 5.88%

December 21st, 2022|

Financial Highlights Chairman’s Statement Dear Shareholders The first half of our Financial Year (F23) witnessed a very volatile trading environment that was characterised by episodes of extreme exchange rate volatility that resulted in high inflation. The annual inflation which was recorded at 96% at the beginning of the financial year, rose to 280% at the [...]

OK Zimbabwe declared an interim Dividend Number 32 of 0.13 USD cents per share

December 21st, 2022|

NOTICE is hereby given that on the 20th of December 2022, the Board of Directors declared an interim Dividend Number 32 of 0.13 USD cents per share payable in respect of the qualifying ordinary shares of the company to be paid out of the profits for the half-year ended 30 September 2022. The Dividend will [...]

Moody’s affirms Letshego Holdings Limited issuer rating at Ba3, reducing the Group’s corporate family rating by one notch to Ba3, reflecting macro economic challenges in select markets, with outlook negative

December 2nd, 2022|

Gaborone, BOTSWANA - Friday 04 December 2022: Following Moodys Rating Release for Letshego Holdings Limited, the Group has affirmed its issuer rating at Ba3, with regional macro economic challenges resulting in a ‘one notch’ downgrade of the Group’s corporate family rating to Ba3. Moody’s has affirmed Letshego’s issuer rating at Ba3, showing Letshego’s commitment in [...]

Zambeef appoints Mr. M’boo John Mumba as CFO effective 1 December 2022

November 22nd, 2022|

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, announces the appointment of Mr. M’boo John Mumba as Chief Financial Officer (CFO) of the Company, effective 1 December 2022. It is also intended that M’boo will become a Director of Zambeef and join the Board [...]

CEC Market Announcement – Consent Order in the Lumwana Mining Company Limited and seven others vs Energy Regulation Board (“ERB”) and three others (“The 2014 ERB Tariff Matter”)

November 18th, 2022|

In accordance with Section 3.4(a) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of Copperbelt Energy Corporation PLC (“CEC” or “the Company”) informs shareholders of the Company, and the market, that CEC has, jointly with the other parties, entered into a Consent Judgment in the matter where Lumwana Mining [...]