The European Union has discontinued its financial assistance of US$5 million to the Zimbabwe Electoral Commission (ZEC), the electoral body of the country, in the aftermath of the contested 2023 gener
Sep 20, 2023
TSL Limited, an agricultural and logistics Group listed on the Zimbabwe Stock Exchange (ZSE), has achieved a strong performance in the third quarter ended 31 July 2023. Both the volumes handled and pr
Sep 19, 2023
Mashonaland Holdings Limited, a prominent property and investment company listed on the Zimbabwe Stock Exchange (ZSE), has experienced a record-breaking surge in profit after tax during the first half
Cottco's value addition initiative has achieved remarkable success from July 2022 to August 2023, as the company has successfully converted over 800 tonnes of lint into yarn for the local market. This
Sep 18, 2023
Rainbow Tourism Group Limited, a prominent player in the hospitality sector listed on the Zimbabwe Stock Exchange has released its fourth cautionary statement regarding the ongoing negotiations for th
WestProp Holdings Limited, an entity listed on the Victoria Falls Stock Exchange (VFEX), has maintained ownership of Stand 654 Pomona Township. This outcome follows a Supreme Court appeal case initiat
In the latest report from the World Platinum Investment Council, Zimbabwe's platinum output for Q2 2023 experienced a significant 2% increase (+2 koz) compared to the same period last year, reaching 1
Sep 14, 2023
Old Mutual Limited, a diversified financial services group, anticipates a combination of outcomes in its half-year results for the period ending on June 30, 2023. The Group foresees a decline in resul
The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut
Sep 13, 2023
Gold prices have declined to below $1,910 per ounce today, reaching their lowest point in approximately three weeks. This drop comes as investors exercise caution while awaiting a crucial US inflatio
As a businessman invested in milk production, let's envision you as the owner of a company similar to Dairibord Zimbabwe Limited, the largest milk processor in the country. In this scenario, your most
During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat
Sep 12, 2023
Star Africa Corporation, a sugar producer listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss after tax of ZWL2 billion for the full year ended 31 March 31 2023. This represents a signifi
Sep 11, 2023
The dollar has dipped to 105 from 104 last week with the highest being achieved in July at 99.9 as investors adopted a cautious approach while awaiting important U.S. inflation data. The upcoming rele
The Zimbabwe dollar experienced a depreciation today, marking the second consecutive week of decline against the US dollar. This follows the contentious election, which has heightened concerns about i
Sep 06, 2023
CBZ Holdings and First Mutual Holdings Limited have entered into a merger, with CBZ acquiring a 36% stake in FMHL. This merger marks a significant milestone between the bank and insurance company, as
The South African rand has undergone a substantial decline, breaking the 19 mark and reaching its lowest level in almost three months, at US$19.2. This decline in the South African rand occurs concurr
Zimplats Holdings Limited, a key player in the platinum group metals (PGMs) industry, has witnessed a notable 7% increase in mined volumes, despite experiencing a decline in profitability caused by vo
ZIDA has introduced a match-making mining platform that holds immense potential for mining claim holders in Zimbabwe. Known as the ZIDA Mining Claims Matchmaking Platform, this innovative solution aim
Sep 04, 2023
B Bank Group, a leading financial institution doubled its total income in the first half of 2023, increasing by 796% to ZWL917.284 billion compared to ZWL102.407 billion in the same period last year.
Sep 01, 2023
NMB Bank has secured a second financing commitment from British International Investment (BII), with the UK development finance institution increasing its exposure to the Zimbabwean lender through a n
CABS has signed a US$30 million financing partnership with British International Investment (BII) to expand lending to Zimbabwe’s productive sectors, creating an additional source of foreign currency
Zimbabwe’s dairy industry is entering a stronger recovery phase, with commercial milk production rising steadily after years of contraction and creating the possibility of reducing the country’s depe
Zimbabwe’s inflation environment is entering a different phase, with the latest data showing price pressures becoming concentrated in essential costs rather than broad-based increases across the econo
Axia Corporation’s FY2026 performance was defined by more than revenue growth. The group’s strongest strategic shift came through improved cash generation, reducing dependence on external funding and
Zimbabwe’s largest companies are increasingly navigating a difficult balance between government’s need to expand domestic revenue collection and the private sector’s demand for a predictable operating
Axia Corporation’s FY2026 performance has been powered by a sharp recovery in consumer demand, but the strength of the rebound was increasingly tied to the expansion of household credit as Zimbabwe’s
For many Zimbabweans struggling with mental health challenges, the first point of contact with the healthcare system is rarely a psychiatrist. Patients often arrive at hospitals complaining of headach
