Gold prices have continued their upward trajectory, reaching a new record high of US$2,750 per ounce on October 23, 2024. This surge is driven by gold's status as a safe-haven asset amid escalating ge
Oct 23, 2024
The world is facing a daunting public debt crisis, with global debt projected to exceed US$100 trillion, or 93% of global GDP, by the end of this year according to the latest data by the International
Sub-Saharan Africa's economic growth forecast has been revised downwards to 3% for 2024, primarily due to the devastating impact of Sudan's civil war on the region's economy. This represents a 0.4% d
Bikita Minerals has made the strategic decision to reduce its contractor base as it scales back output in response to challenging lithium market conditions. The DMS plant is set to be shut down in Oct
South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass
Lithium carbonate prices have plummeted to CNY 75,000 per tonne equivalent to US%10.5k , marking the lowest level in over three years amid increasing fears of oversupply. Miners are ramping up product
Zambia is grappling with critical power shortages, as citizens are set to receive electricity for only 3 hours per day on a rotational basis. This drastic reduction follows a significant drop in wate
International gold prices have risen to US$2 473 per ounce on the 16th of July 2024, setting a new record high for the bullion price. Previously, a record high was observed on 20 May 2024 when the pr
BZ Bank and African Export Import Bank (Afreximbank) have signed two financing facilities worth a total of US$80 million to support Zimbabwean exporters. The first facility is a US$60 million line of
Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen
As the world grapples with geo-economic fragmentation due to the Middle East's crisis and the Russia-Ukraine War, the future of lithium remains uncertain. Despite the global push for a carbon-free eco
he United Nations has launched a humanitarian appeal for US$429 million to address the severe hunger crisis affecting an estimated 7 million Zimbabweans, approximately half of the country's population
The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv
Nigeria, the largest economy in Africa, experienced a significant increase in its annual inflation rate, reaching 33.2%, the highest since March 1996, compared to 31.7% in the previous month. Througho
CFI Holdings experienced a staggering 245.7% surge in revenue to ZWL 201.99 billion The company grappled with expense management challenges ultimately reporting a loss of ZWL 92.73 billion Negative
Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$
Nampak Zimbabwe, the packaging firm, displayed impressive financial growth as its revenue surged by a remarkable 46% to ZW$573.78 billion for the full year ending on September 30, 2023. This substanti
Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper
Gold, a safe haven asset, experienced a 3.1% surge to reach US$2,100 in the early hours today. However, it later relinquished a significant portion of those gains, though it still reached new record h
