Ciaran McSharry has stepped down as the Managing Director (MD) of First Capital Bank (FCA) according to a circular released by the Bank on the 12th of June 2023. He was the MD since 2020 and held the

The embattled local currency, the Zimbabwe dollar has depreciated by 38% against the greenback, a record low since the currency was reintroduced in 2019. A record depreciation was lastly recorded in

First Capital Bank, a Victoria Falls Stock Exchange -listed outfit has appointed Tapera Mushoriwa as the new Managing Director (MD). In a circular, the Bank said Mushoriwa will take over from Ciaran

Zimbabwe’s inflation rate, year-on-year surpassed 1000% to 1220% according to Steve Hanke’s latest inflation figures.  This is against Zimbabwe’s 86.54% year-on-year inflation rate  from the Central

After weeks of recording mixed performances hugely dominated by depreciations since the Pretoria-Kremlin’s arms support saga, the Rand edged high on the 12th of June 2023 after trading at 18.7 against

As part of its nationwide expansion within the telecoms industry, the largest telecommunications Group, Econet Wireless Zimbabwe Limited has added twelve 5G base stations during the year. Econet launc

As the government continued preaching the gospel of letting economic forces determine the RBZ-governed foreign currency auction market, the Zimbabwe dollar continued on a free-fall after shedding by a

Zimbabwe has incurred a ZWL21.3 billion budget deficit which was financed from accumulated reserves during the first three months to March 31 2023 according to the Treasury’s First Quarter Bulletin Re

While platinum prices gained during the quarter owing to strong industrial demand for auto catalysts during the first quarter of 2023 as China reopened its industry from Covid-19 induced lockdowns, th

The report shows that Kariba South Power Station has been producing an average of 350 MWh, below its installed capacity of 1050 MWh while Hwange Power Station produced on an average of 206 GWh during

ompetition and Tariff Commission together with National Competitiveness Commission says the government should in the short term reverse the opening of imports to protect the local industry from stiff

he parallel market rate, which is neither overvalued nor determined by the government shoot by 40% within one week to US$1: ZWL5000 on the 26th of May 2023, one of the worst performances since the re-

The embattled Zimbabwe dollar continued on a freefall after depreciating by another record 26% on the RBZ-governed Auction Market held on the 23rd of May 2023. This was the biggest weekly decline sinc

Gold and Diamond mining firm, listed on the Zimbabwe Stock (ZSE) RioZim Limited has posted another decline in gold production during the first quarter ended 31 March 2023 owing to headwinds both at ma

Listed clothing retailer, Truworths Zimbabwe Limited has introduced United States Dollar (US Dollar) credit sales effective the 1st of April 2023 to offset losses through inflationary pressures and re

Zimbabwe Stock Exchange (ZSE) - listed timber grower, Border Timbers is set to commission new sawmilling equipment by in June 2023 to ramp up production and replace the old-ageing machines. The deve

Extractor and distributor of coal and coal related products, Hwange Colliery Company Limited has recorded a 92.7% increase in coal mined during the three months to 31 March 2023 buoyed by a strong dem

The Zimbabwe Stock Exchange (ZSE)- listed microfinance outfit, GetBucks Microfinance Bank Limited says the embattled Zimbabwe dollar remains the biggest challenge affecting business viability througho

Hospitality Group, Rainbow Tourism Group Limited has reported an increase in revenue both in US dollar denominated terms and Zimbabwe dollar terms for the first three months to March 31 2023 while hot

As the election watershed nears, President Mnangagwa says he has put in place all the key fundamentals to hold free, fair and credible elections.  Addressing a High-Level Debt Resolution Forum on Zim