Diversified ZSE-listed retail group Axia has reported volume and revenue growth across all its business segments except DGA Zimbabwe and Zambia during the third quarter of the 2024 fiscal year, signal

Diversified ZSE-listed company, Fidelity Life, has reported an after-tax profit of ZWL90 billion during the first quarter of the 2024 financial year, up from ZWL45.5 billion in the previous year. This

African Sun Limited (ASUN), the largest hotel group, has started the 2024 fiscal year with a narrower loss position, down 32% year-over-year. In its latest trading update, ASUN reported a loss before

After securing a US$15 million loan facility from the African Development Bank, NMB Bank Zimbabwe Limited has reported strong financial performance largely constituting high total income, an expanded

FBC Holdings, the fourth-largest bank by loan book in Zimbabwe, has completed the takeover of Standard Chartered Bank Zimbabwe (Stanchat). FBC plans to transform the acquired business into a powerhous

Embattled loss-making company RioZim, once a renowned gold producer, has suffered a staggering full-year 2023 loss of ZWL95.8 billion, up significantly from ZWL20 billion the previous year as the comp

Innscor Africa Limited, a blue-chip firm listed on the Zimbabwe Stock Exchange (ZSE) and the largest food processor in the country, has reported a 23% contraction in the performance of its downpacked

Trading loss shoot to ZWL46 billion from ZWL36 billion in trading profit Operating loss of ZWL81 billion from an operating profit of ZWL38 billion However, it achieved an after-tax profit Harare- In a

he Central Bank of Zambia hiked its benchmark interest rate by 100 basis points to 13.5% during its regular meeting on the 15th of May 2024. This represents the highest interest rate since April 2017.

imbabwe Gold (ZiG) has sustained stability after gaining 1% on the formal market (FM) rate, which is being pegged by the government. The ZiG traded at ZiG13.3976 on May 17, 2024, from ZiG13.5326 in th

National Foods, the largest food manufacturing and distribution company in Zimbabwe, has expressed concerns about the challenges posed by the government's continuously evolving policy landscape durin

ZB Financial Holdings, a diversified financial arm listed on the Zimbabwe Stock Exchange (ZSE), has surpassed ZWL2 trillion in total income within a three-month period setting the full-year 2024 fisca

Following a remarkable 30% increase in revenue during the first quarter to March 2023, with 74% of rental income in US dollars, Mashonaland Holdings has set its sights on a new target, the completion

Dairibord Limited, Zimbabwe's largest milk processor, experienced a significant surge in US dollar sales, with an 85% increase during the first quarter of 2024, which ended on March 31. This growth c

Zimbabwe's economic landscape is currently dominated by discussions surrounding the introduction of a new currency called Zimbabwe Gold (ZiG), which the government claims is backed by gold and US doll

As gold continues to consolidate its significance not only due to its safe haven status amidst geo-economic global fragmentation but also its heightened relevance as Zimbabwe embraces ZiG, a gold-back

Caledonia Mining Corporation, the second-largest gold producer in Zimbabwe, has experienced a significant increase in monetary losses due to the rapid depreciation of the local currency during the Jan

Edgars Stores Limited, the largest clothing retailer, has announced a delay in the publication of its audited results for the 52-week period ended 7 January 2024, as stated in the company's latest cir

The introduction of the ZiG currency in Zimbabwe's ongoing currency struggle has been met with a wave of pessimism, much like its predecessor, the Zimbabwe Dollar. In just a month since its inception,

The currency crisis in Zimbabwe remains a significant concern, with Zimbabwe Gold (ZiG) facing potential premature failure. We closely monitor the performance of ZiG against the US dollar on both the