The United States of America (USA) has for centuries managed to position its currency, United States dollar as the currency of global trade. However, the greenback is facing a multitude of headwinds f
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First Capital Bank’s non-funded income dominated revenue generation for the firm in the 2022 financial year as the bank posted real growth in terms of non-funded income by 44% with the non-funded to t
-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha
The report made no recommendations for immediate action. Regulators, though, don't require a starting pistol. Some agencies, including the Securities and Exchange Commission, have already begun taking
The highly volatile financial market, Zimbabwe Stock Exchange (ZSE), has once again emerged the best performing bourse in Africa on a year-to-date basis, in US$ terms. As at the 21st of March, 2023, t
TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th
The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark
CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the
The diversified mining corporate, a parent company to Mimosa mine in Zimbabwe Sibanye Stillwater’s 2023 PGMS production in Montana will halt for four weeks after the western mine succumbed to a machin
Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti
Diversified mining company, Sibanye Stillwater recorded its first profit downturn post-COVID-19 pandemic era during the full year to December 2022 mainly due to industrial action over better remunera
Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and
The banking sector has come under scrutiny globally, with the listed biggest banks in the world recording a bloodbath from the prior week to date. However, the banking stocks on the Zimbabwe Stock Exc
China the world’s second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid-19-induced lockdowns and subsequent widespread infections in most Chinese
The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall
Multichoice, which last week announced a major deal with NBC Universal and Sky relating to its streaming business, Showmax, has painted a gloomy outlook for the 2023 financial year
Silicon Valley Bank (SVB) is the latest victim of the tight global monetary environment that has persisted since 2022. The bank was ranked as the 16th biggest bank in the U.S. at the end of 2022, with
Mosi Oa Tunya Cigars is the country's first homegrown brand of hand-rolled cigars. To develop a foothold in the upscale cigar market, Bongani Cigars, another recent entry from the region, will have to
The Tobacco Industry and Marketing Board (TIMB) has issued an order to merchants to deduct any money owed by farmers from two years ago, following the opening of the floor with an estimated 8.5% incre
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