Inter-Horizon Group

🏢📊 IH is initiating coverage on PFUMA REIT, now added to our research universe. Our inaugural note analyses the portfolio, USD income profile, dividend outlook, growth pipeline & valuation. Read the full report: ih-group.com/download/pfuma… #PFUMA #REIT #VFEX #Research #IHGroup

🏦 FCA (FCA:VX) reported FY25 results, with total income up 13.52% to US$84.40m and PAT rising 51.69% to US$30.09m • EPS: 1.39 USc (+36.27%) • P/B: 2.36x • Div: 0.59 USc Cum: 8 Apr | Ex: 9 Apr | Rec: 10 Apr |Pay: 22 Apr Proposed Makasa Sun disposal remains subject to approval

Econet (ECO:ZH) has declared a dividend in specie of 754.5m InfraCo shares, equivalent to 0.26482 shares per Econet share, after the exit offer left it with a 95.2% stake in InfraCo. Record date is 27 Mar, with ex-div trading from 26 Mar. #ECO #ZSE #VFEX

The latest earnings update for Axia Corporation Limited is now available on our website for stakeholders who are interested. Please click the link below to access and download the complete report. ih-group.com/download/axia-… #AXIA #Earnings #ZSE #VFEX #Zimbabwe #Investing

Zimbabwe earned US$11.62m from horticulture exports to China in 2025, driven by macadamia. New protocols now open access for citrus, avocados & blueberries, ahead of China’s zero-tariff policy from May 1, 2026, with buyers already engaging local producers. #Zimbabwe #Exports

Caledonia (CMCL:VX) reported strong FY25 growth, with revenue up 46.25% to US$267.66m and PAT rising 192.84% to US$67.51m. • EBITDA: US$125.32m (+109.93%) • EPS: 283.00 USc (+211%) • P/E: 24.27x • Div: 56.00 USc #CMCL #VFEX

Tanganda has completed its US$8m rights offer, fully subscribed. Shareholders took up 45.66% (US$3.65m), while Rutanhi Beverages covered 54.34% (US$4.35m) and now holds a 27% stake. Proceeds will fund working capital and capex. #TANG #ZSE

Zimbabwe’s gold export earnings rose 138% y/y to US$278.5m in Feb 2026, up from US$117m. Although slightly below US$290.1m in Jan, earnings remain more than double prior-year levels, with Jan–Feb receipts at US$568.6m. #Gold #Zimbabwe

Zimbabwean fuel prices have increased, with petrol at US$2.17/litre and diesel at US$2.05/litre, reflecting higher global oil prices linked to Middle East tensions. Some taxes have been reduced to limit further increases, while supply channels are being expanded. #Zimbabwe #Fuel

🏢 Mashonaland (MASH:ZH) reported steady growth for FY25, with revenue up 12.81% to US$8.10m and PAT rising 7.67% to US$4.01m. • Revenue: US$8.10m (+12.81%) • EBIT: US$3.09m (+2.83%) • PAT: US$4.01m (+7.67%) • EPS: 0.24 USc (+9.09%) • P/B: 0.92x • Dividend: TBA #MASH #ZSE

Zimbabwe’s tourism receipts rose 10% to US$1.3bn in 2025, with arrivals up 10% to 1.78m. Intl receipts hit US$796m (+8%), domestic US$506m (+13%), trips 15.5m (+13%). Occupancy fell to 46% (from 48%), showing shorter stays & shifting trends. #Tourism #Zimbabwe

CBZ is seeking to expand beyond banking through a proposed 17.52% stake in Dokuma, a local digital infrastructure and IT firm. The move marks a push into the digital tech space, with the CTC reviewing the transaction for potential competition impacts. #CBZ #ZSE

🍃 Tanganda says it remains financially stable and able to meet short-term obligations, supported by its US$8m rights issue. The capital is helping ease liquidity pressures, support debt servicing and stabilise operations amid climate, power and export challenges. #TANG #ZSE

📡 Econet exit offer triggers $24m payout Econet will pay >$24m to shareholders who exited during its delisting • 143.2m shares tendered • 4.8% of issued capital • Consideration US$0.17 cash + 1 InfraCo share InfraCo is expected to list on VFEX later this month #ECO #ZSE #VFEX

🌱 SeedCo launches climate-smart seed varieties The initiative follows the 2024/25 El Niño drough, which left ~7m Zimbabweans needing food aid. The new varieties are designed to support climate resilience, crop diversification and food security #SEED #Agriculture #ZSE #Zimbabwe

📊 Axia (AXIA:ZH) 1H26 Results Axia reported strong revenue growth, revenue up 22.43% to US$122.03m • Revenue: US$122.03m (+22.43%) • EBITDA: US$15.32m (+4.26%) • PAT: US$5.14m (-2.83%) • EPS: 0.61 USc (+5.17%) • P/E: 12.66x • Dividend: 0.20 USc #AXIA #VFEX #ZSE #Results

The latest 1H26 earnings update for Simbisa Brands Ltd is now available on our website for stakeholders who are interested. Please click the link below to access and download the complete report: ih-group.com/download/simbi… #Simbisa #SIM #Earnings #ZSE #VFEX #Zimbabwe #Investing

WestProp is courting South African retailers for its planned US$100m Mall of Zimbabwe ahead of breaking ground later this year. The development will span 90,000m² GLA, with the first phase targeting 50,000–60,000m². Tenant uptake already stands at 60% #RealEstate #Zimbabwe #VFEX

The VFEX has facilitated over US$100m in capital raises across multiple sectors in the past five years, supporting expansion projects and strengthening company balance sheets. With the listing of Pfuma REIT, the exchange now hosts 18 counters, including two REITs. #VFEX #Capital

Kavango (KAV:VX) has raised about US$8.4m through subscriptions in Zimbabwe and the UK. The VFEX subscription raised US$4.7m, while the UK subscription raised £2.8m, both priced at £0.01/share, a ~33% premium to the 5 Mar 2026 mid-market price. #KAV #VFEX #Mining

Join us as we stream the PFUMA Fund Listing Ceremony on the VFEX, celebrating the fund’s recent listing and another milestone for Zimbabwe’s capital markets. Watch live 👇 facebook.com/IHGroup.zw/vid… #PFUMA #VFEX #REIT #Zimbabwe