Seef Developments is contemplating the establishment of a Real Estate Investment Trust (REIT), setting its sights on the prospective Zimbabwean Tourism and Hospitality market, with plans to secure US$

The South African Currency weakened to 18.4 against the greenback on the 22nd of June 2023, down from a one-month high of 18.2 despite a respite from inflationary pressures and a weaker dollar.  The

Plastics products manufacturer and distributor, Proplastics Limited has recorded a surge in US dollar-denominated revenue of 70%, compared to 30% in Zimbabwe dollar terms as the economy continues to s

The Zimbabwe Stock Exchange (ZSE)- listed diversified outfit, Amalgamated Regional Trading Holdings is considering listing on the United States dollar-denominated bourse, Victoria Falls Stock Exchange

The embattled Zimbabwe dollar shed by 14% on the latest Auction Market held on the 20th of June 2023. Though the currency continues to register double digits decline, the latest performance was the b

The South African Rand roared to 18.4 against the greenback on the 19th of May 2023, its highest in over a month. At that performance, the Rand surpassed the Zambian Kwacha, Kenyan Shilling and Nigeri

Following two months of enforcing economic measures to stabilise the local currency with the latest penalties enforced on the 14th of June targeting retailers who surge prices in Zimbabwe dollars, th

The Reserve Bank of Zimbabwe says the Foreign Exchange auction Market has allotted US$4.082 billion to companies since its inception in 2020 to May 2023.  The Foreign Exchange Auction Market was intr

The Grain Millers Association of Zimbabwe (GMAZ) has incurred over US$66 million in exchange losses due to the rapid depreciation of the local currency.  GMAZ accounts for 95% of the national supply

Is Putin giving a diplomatic headache to Ramaphosa, or Ramaphosa is deliberately challenging USA? But at what cost? Harare- South Africa is facing a possible expulsion from the African Growth and Opp

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