Inflation hits a new low, marking an unnoticed impact as the exchange rate is racing to lose its total value. The latest recorded inflation rate is 229.8% YOY and 1.1% MOM according to the national st
7 hours ago
The largest digital network group by marketshare, Ecocash Holdings, has recorded growth across all branches marking a clear upward trend in its financial performance. The company directs its positive
1 day ago
Bard Santner, an asset, corporate finance and wealth management firm has launched Gold Coin Unit Trust to support long-term savings by common Zimbabweans and significantly advance financial inclusion
2 days ago
A recession, defined as two consecutive quarters of negative economic growth, can be caused by economic shocks (such as a spike in oil prices), financial panics (like the one that preceded the Great R
3 days ago
The Invictus exploration process is turning into a gambling circus after the company announced that it has established new discoveries within the failed Mukuyu 1 body
Bindura Nickel, a VFEX-listed mining giant has recorded a H’Y 2022 financial period results plunged in losses. The nickel mining cooperation company’s loss pool primarily originated from a 16% recorde
4 weeks ago
Zimbabwe's energy sector has made some positive recovery after the sector and the government have tirelessly worked towards restoring order. This has been seen as the government recently disbursed US$
1 month ago
Zimbabwe’s undying but slowly suffocating problem has been inflationary pressures and the MPC implored multiple tools to reduce the pressures. The financial sector has remained the focal point for con
The mining sector is the second largest national income generator after wholesalers and retailers producing 11% of national income, 83% of exports, 19% of government revenue, 2% of direct formal
OPEC+ has Made a decision to maintain production levels at current levels despite widening supply gaps in the market. The decision comes at a time China is expected to see spikes in demand as the late
Zimbabwe's merchandise exports continue to narrow down the undying trade deficit with the latest skyrocket of 11.9% recorded during month of September . That has seen off the nation's trade deficit by
2 months ago
Agriculture continues to be perceived as the nation’s way out of the poverty trap. With the sector's estimated forecast decline of negative 14% in 2022, the forecast growth figures for 2023, 2024, and
ZSE- listed, Innscor Limited subsidiary, National Foods Limited recorded unpleasing Q3 volumes accusing the recent unusual presiding fiscal and monetary stance. The food processing company was greatly
ZSE-listed retail and distribution cooperation company, Axia Cooperation Limited, recorded a decline in volumes, pointing fingers at the presiding fiscal and monetary policy environment.
ZSE Listed private company, Zimpapers has published its trading update with reduced volumes traded across the group, propelled by declining aggregate demand in the economy
Steward bank, Zimbabwe’s largest bank by depositors and a subsidiary of Eco Cash holdings Limited continues to get escalating 3-figure growth rates since 2019 with the latest growth rate of a 223%
ZimRE Holdings has published its 3rd quarter trading update with stellar financial performance for the trading period under review. The group’s income has increased by 193% in inflation-adjusted terms
The biggest tobacco contracting company, Voedsale, has been thrown out of the farmer contracting industry by the regulator (TIMB) for its long overdue payments to farmers
The Zimbabwe Revenue Authority has created the forex Business Partner (BP) account for the forex and mobilized taxation payment direct through an electronic method .
ZIMSTAT’s latest publication has revealed a shrinking maize import bill, paring 81% compared to the 2021 import bill. The significantly lower recorded import bill proves that Zimbabwe has done justice
The Zimbabwe Stock Exchange (ZSE)- listed outfit, TSL Limited says it will delay the publication of its full-year results for the fiscal year ended 31 October 2022 to give auditors more time to conclu
The Zimbabwe dollar traded at 801.6023 against the US dollar on the latest Foreign Currency Auction Market held on 31 January 2023 widening month-to-date deficits by 12%. During the previous trading,
The importance of remittances in Zimbabwe cannot be understated. According to a report from The Herald, diaspora remittances grew by 15,9 percent in 2022 to US$1.65 billion. The importance of remittan
China claims it will begin purchasing oil and gas in yuan as 2023 drags on, a move that may eventually put the dollar's position as the world's reserve currency in jeopardy.
Nampak Limited Zimbabwe, a metal can manufacturing company listed on the Zimbabwe Stock Exchange (ZSE) registered a 1% decrease in profit after tax to ZWL2.61 billion for the year ended 30 September 2