The Mozambique Stock Exchange (BVM) has announced the successful completion of its 2023 inaugural bond issuance series on 21 February 2023, with the 1st Reopening of Treasury Bonds 2023-1 Series being
Feb 28, 2023
In a recent social media post, the Deputy Chief Secretary to the Cabinet of Zimbabwe, George Charamba, made a statement regarding the contribution of diaspora remittances to the country's economy. He
he construction and mining sectors saw a rise in activity in 2022, which was expected to influence sales, but a spike in interest rates hampered economic activity among corporate entities facing 200%
ChatGPT, a small step for generative AI, is still in the very early stage of verifying its industrial value. In the first issue of the Axis this year in the article Farewell Crypto, Hello generative A
Following his $44 billion acquisition, Musk cut more than 3,700 people at Twitter, or half of the company's employment, in 2022 in an effort to reduce costs.The firings came after Twitter made cuts to
It is in everyone’s interest to live a legacy that people and the world remember you for, especially for the nations in the global spotlight like Zimbabwe, Nigeria and South Africa. The list is howev
Biden is in Namibia and will later visit Kenya as part of a push by the United States to step up engagement with Africa as a counterweight to China’s influence on the continent. This has been nec
Nonetheless, it cannot be denied that Bitcoin is fundamentally a speculative investment in cutting-edge technology, notably the blockchain. Another factor that has led to several scams and the misuse
The South African National Treasury's recent projection of an increase in economic growth has sparked optimism among the country's economists. This is a good sign for Zimbabwe because South Africa is
Declining global prices for wheat pose a challenge to Zimbabwe’s mission to self-sustain. While the country achieved sufficient tonnage to cover its own needs in 2022, the general cost levels per tonn
Mimosa mine’s parent company, a multinational mining and metals processing Group, Sibanye Stillwater has slashed its full-year 2022’s profit guidance due to industrial action, floods that stalled prod
Ailing power utility, ESKOM has recommenced Stage 6 load-shedding from Stage 4 as power supply by the state-run parastatal remains clouded, Eskom’s Chief Executive Officer (CEO), Andre Oberholzer reve
ZSE-listed sugar maker, Star Africa Corporation’s Goldstar Sugars has incurred nosediving performance for the 3rd quarter ended 31 December 2022 due to recurrent power outages and supply challenges.
Embattled war-ton North-eastern African country, South Sudan has banned the use of the American dollar (USD) and directed all transactions to be carried in local currency to bolster the South Sudanese
Zambia Electricity Supply Corporation Limited says the 12-hour load-shedding has ended and the nation is set to resume normal electricity supply. This was revealed by ZESCO’s Managing Director, Victor
Econet Wireless Zimbabwe, the ZSE-listed giant, has released its Q3 trading update with pleasing financial results marking its territory in the digital service provider (DSP) space. T
OPEC oil production stood at 34.18 million b/d in 2022, making up about 34 percent of the global total, data from the EIA showed. In the long run, OPEC projected that its market share could be maintai
Publicly listed companies are generally designed to efficiently manage public funds and give investment value back to the public in the form of either a dividend or share price increment
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
