IH Group

Econet AI Launch

Econet Wireless has officially launched its artificial intelligence unit, Econet AI, in Harare. The event brought together over 200 stakeholders from finance, agriculture, mining, and telecommunications.

• The launch was described as a national milestone, aligned with Zimbabwe’s broader development agenda
• AI is expected to boost productivity across healthcare, agriculture, finance, and support SMEs
• Artificial intelligence was highlighted as a transformative force reshaping economies and industries
• Econet AI will roll out Cassava AiCloud, giving enterprises access to high‑performance computing powered by NVIDIA GPUs, hosted at the Cassava AI Factory in South Africa — the only facility of its kind on the continent

💡 A bold step that positions Zimbabwe as a regional leader in AI‑driven innovation.

Unifreight Africa Limited

Unifreight Africa (UNIF:ZH) – Strategic Acquisition

Unifreight Africa Limited has acquired an 86.67% stake in Cheetah Express Logistics for US$2.08mn, representing roughly 15.7% of Unifreight’s ZSE market capitalisation.

• Deal concluded on 27 February 2026
• Immediate entry into the express courier segment
• Complements Swift brand logistics operations, celebrating 80 years in Zimbabwe
• Cheetah brings FedEx pick‑up, delivery, customs clearance, and visa handling services
• Strategic rationale: diversify revenue streams, add a non‑asset‑heavy income line, improve operational efficiencies, and enhance global connectivity
• Classified as a Category 3 transaction under ZSE Listings Rules

💡 This acquisition positions Unifreight to broaden its service offering and tap into new growth opportunities in the courier and logistics space.

Mashonaland Holdings Limited

Mashonaland Holdings (MASH:ZH) – Dividend Announcement

Mashonaland Holdings Limited has declared a final dividend of US$266,000 for the year ended 31 December 2025.

• Brings total dividends for the year to US$526,000, including the interim dividend of US$260,000 paid earlier
• Final dividend is equivalent to USc0.01576218 per share
• Payment will be made on or about 30 May 2026 to shareholders registered at the close of business on 8 May 2026

Zimbabwe Macroeconomic Update

Zimbabwe – Early Signs of Stabilisation

The World Bank’s Spring 2026 Africa Economic Update (“Making Industrial Policy Work in Africa”) highlights encouraging progress for Zimbabwe:

• Posted a general government surplus of 0.4% of GDP in 2025, outperforming the regional median deficit of 3.3%
• Inflation slowed sharply to 3.8% year‑on‑year by February 2026, down from previous triple‑digit levels, signalling improved monetary stability
• Identified as one of the most active users of industrial policy tools in Sub‑Saharan Africa, alongside South Africa, Nigeria, Ghana, and Kenya
• With significant lithium reserves, Zimbabwe is thought to be well‑positioned for a resource‑based industrialisation pathway focused on downstream processing and value addition

A fiscal surplus, lower inflation, and industrial policy ambition point to a stronger foundation for structural transformation.

ZSE Holdings – Full Year Results (FY25)

ZSE Holdings has released its financial results for the year ended 31 December 2025:

• Revenue: US$6.38mn (↓15.47% from FY24)
• EBITDA: US$0.33mn (↓85.92%)
• PAT: US$0.12mn (↑477.43%)
• EPS: US$0.001 (↑461.22%)
• P/E: 43.3x
• Dividend: Nil

Despite lower revenue and EBITDA, profitability improved significantly, with PAT and EPS showing strong growth. The group did not declare a dividend for the period.
A mixed set of results reflecting resilience in earnings despite a challenging operating environment.

Delta Corporation – Launch of Leopard Extra

Delta Corporation has officially launched Leopard Extra, a new opaque beer brand, marking a significant step in expanding its product portfolio in response to shifting consumer preferences and intensifying market competition.

• Introduced at a launch event on Friday
• Positioned to strengthen Delta’s presence in the traditional beer segment, which has shown strong growth in recent years
• Said to already be demonstrating strong market acceptance after its initial limited‑edition rollout

A bold addition to Delta’s traditional beer portfolio, reinforcing its strategy in an increasingly competitive segment.

Tigere Real Estate Investment Trust (TIG:ZH) – Q1 2026 Update

Tigere REIT delivered a strong performance for the quarter ended 31 March 2026, with tenant turnovers and foot traffic remaining robust despite a challenging operating environment marked by higher fuel costs.

• Net Property Income more than doubled to US$1.18mn (from US$535,632 in Q1 2025)
• Dividend per unit increased to USc0.0544 (from USc0.0474)
• Property market held firm, supported by inflation‑hedging qualities
• Opportunities persist in warehousing, retail, and hospitality
• Ongoing infrastructure works along key arterials expected to support momentum throughout 2026
• The Fund is eyeing the acquisition of four yield‑accretive commercial properties and redevelopment initiatives at Highland Park to further grow distributable income per unit

A resilient quarter that positions Tigere REIT for continued growth in 2026.

ZSE & VFEX – New Practice Note

The Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange (VFEX) have jointly issued a new practice note that simplifies the process for dual‑listed companies to migrate from the ZSE to the VFEX.

• Provides a clear framework for companies with existing dual listings to shift their secondary listing to VFEX
• Reduces regulatory hurdles, making migration smoother
• Thought to strengthen Zimbabwe’s USD‑denominated market and attract investors seeking hard‑currency stability

A streamlined pathway that could boost confidence and liquidity in Zimbabwe’s capital markets.

First Capital Bank Limited (FCA:VX) – Corporate Update

FCA has advised shareholders that three key conditions precedent relating to the proposed disposal of shares in Makasa Sun (Private) Limited have now been satisfied:

• ✅ RBZ Exchange Control approval
• ✅ COMESA Competition & Tariff Tribunal clearance
• ✅ Capital Gains Withholding Tax clearance from ZIMRA

The company will issue a further update upon completion of the share transfer on previously disclosed terms.
Shareholders are urged to exercise caution when dealing in FCA shares pending the final announcement.

Tigere Property Fund (TIG:ZH) – Dividend Announcement

Tigere has declared its 14th quarterly dividend of USc0.0544 per unit for the quarter ended 31 March 2026.

• Payment date: on/around 29 April 2026
• Record date: 24 April 2026
• Units trade cum‑dividend up to 22 April, ex‑dividend from 23 April
• Unitholders yet to submit bank details are urged to do so via ZB Transfer Secretaries or any ZB Bank service centre

Consistent dividend delivery reinforces Tigere’s commitment to rewarding investors.

WestProp Holdings Limited – Mortgage Bank Initiative

WestProp is moving to establish a mortgage bank to unlock long‑term housing finance and drive its property pipeline, including the multi‑million‑dollar Chivhu Eco‑City.

• Proposed institution will mobilise long‑term capital
• Home purchases to be funded over 30‑year tenures – a first in Zimbabwe
• Enables buyers to spread repayments affordably
• Supports scaling up of large‑scale housing projects

A bold step that could transform housing finance and broaden access to homeownership in Zimbabwe.

Padenga Holdings Limited – Market Milestone

Padenga has become Zimbabwe’s second most valued listed company, with market capitalisation surpassing US$1.04bn as of 2 April 2026.

• Represents ~840% YoY growth (from US$110.91mn in April 2025)
• Transition reinforced: from niche crocodile breeder → diversified mining powerhouse
• Now accounts for a significant share of VFEX market value

Padenga’s billion-dollar breakthrough underscores the shifting dynamics of Zimbabwe’s corporate landscape.