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
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China is the largest consumer of tobacco in the world, with more than 300 million smokers according to World Health Organization data. With China re-opening, we expect to see an increase in the demand
6 days ago
Although the jury is still out and awaiting US CPI data (which is set to be released on Thursday), the net market perception is geared towards an expectation that The Fed will loosen its aggressive st
3 weeks ago
Simbisa Brands Limited and its 567 stores have shipped to Victoria Falls Stock Exchange (VFEX) to become the 6th company on the security exchange. The group views the VFEX as a way of targeting foreig
1 month ago
The results of the 2022 3rd Quarter Business and Economic Intelligence Survey have been published. This exercise was conducted and circulated by the Confederation of Zimbabwe Industries with the aim
Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production
2 months ago
Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for
ZSE-listed company First Mutual Properties posted aminimalistic update for the quarter. Many descriptive statistics and financial line items such as cash generated from operations, and financial perfo
ZSE-listed manufacturing company, ProPlastics Limited (formerly known as Murray & Roberts and Masimba Industries Limited) reported a 10% drop in sales volume across its offering of plastic pipes and r
14 Countries have expressed clear intentions to join The BRICS. Why Zimbabwe is not on this list has stirred some interest in the local economic community. Given close ties with a majority of the memb
The Zimbabwean delegation has returned to the UN Climate Change Conference. The 2022 COP27 held in Sharp El Sheikh Egypt, shows the nation’s concerted efforts to agree on policies to limit global temp
The delayed lift-off of the Cygnus spacecraft is finally a go. The flight which was delayed due to a fire alarm at NASA’s Wallops Flight Facility in Virginia, US Spaceport had on board Zimbabwe’s firs
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
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
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
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,
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.
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
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