World

World

Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop

MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion  MetBank's profitability was primarily driven by a fair value gain on investment prop

Oct 07, 2023
World
Zimbabwe Sparkles As it Secures 7th Place in Global Diamond Mining

Harare - In the global diamond mining landscape, Zimbabwe claimed a notable position, ranking 7th in both rough diamond production measured in carats and diamond production by value. In 2022, Zimbabwe

 Oct 07, 2023
World
Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global Market

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the

 Oct 03, 2023
World
Extractive Sector Boom Driving Zim's Electricity Needs

Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift

 Oct 03, 2023
World
Global Sugar Crisis: Can Zimbabwe Leverage Opportunity?

The global sugar industry is currently grappling with adverse El Nino weather conditions, leading to a substantial projected deficit in major producing countries such as Europe, China, India, Thailand

 Sep 25, 2023
World
EU Suspends Funding for Zim

The European Union has discontinued its financial assistance of US$5 million to the Zimbabwe Electoral Commission (ZEC), the electoral body of the country, in the aftermath of the contested 2023 gener

 Sep 20, 2023
World
Gold Prices Drop Amid Inflation Report Anticipation

Gold prices have declined to below $1,910 per ounce today, reaching their lowest point in approximately three weeks. This drop comes as investors exercise caution while awaiting a crucial US inflatio

 Sep 13, 2023
Dollar Index Retreats as Market Awaits Inflation Data

The dollar has dipped to 105 from 104 last week with the highest being achieved in July at 99.9 as investors adopted a cautious approach while awaiting important U.S. inflation data. The upcoming rele

Sep 11, 2023
The Impact of SADC’s Zim Election Shaming, What’s Next?

In an unprecedented yet expected move, the Southern African Development Community (SADC) observer mission has criticised Zimbabwe’s local government, national assembly and presidential election, sayin

Aug 25, 2023
Fostering Regional Energy Synergy: South Africa and Namibia Forge Strategic Partnerships

Harare - In a landmark ministerial-level meeting, South Africa and Namibia, both esteemed members of the Southern Africa Development Community (SADC), embarked on a collaborative exploration of energy

Aug 21, 2023
Gold Prices Hit 5-Month Low

Gold prices started the week on a downward trend remaining below the US$1900 per ounce mark and approaching their lowest levels in the past five months as investors brace themselves for the annual gat

Aug 21, 2023

Sugar Rush: Hippo Valley Estates Rides Wave of Rising Revenues Despite Turbulent Economic Tides

Harare - Hippo Valley Estates Limited, a sugarcane grower and sugar producer, recently unveiled its trading update for the first fiscal quarter ended June 30, 2023. The company's financials reveal

Aug 17, 2023

Russia's Economy Buckles Under Weight of War, Sanctions

Russia's budget deficit widened by a significant margin in the first seven months of 2023, reaching a record-breaking RUB 2.817 trillion. This marked a substantial swing from the surplus of RUB 557 bi

Aug 11, 2023

The Economic Cost of Zim's Neutrality Shift

After an extended period of approximately 15 months, during which the Republic of Zimbabwe assumed a shrouded veil of neutrality which the global community might now say deceptive in response to Russi

Aug 07, 2023

Apple And Samsung Still Dominate Despite Slumping Tablet Sales

Apple shipped 12.3 million iPads in the quarter, though that was a 14% decline, the company still commands nearly 40% of the global tablet market. Samsung came in second with 6 million tablet shipment

Aug 07, 2023

Nedbank Brings American Express to Zimbabwe, Unlocking New Growth in Tourism

Nedbank Zimbabwe becomes the first AMEX Acquirer in Zimbabwe 40% of tourists to Zimbabwe carry American Express cards Amex Card Holders spend three times more than non-cardmembers Harare - Nedbank Zi

Aug 07, 2023

Namibian Stock Market Outshines African Peers Amid Impressive Rally

Namibian Stock Market Outshines African Peers Amid Impressive Rally The remarkable rise of the Namibian stock market over the past year has demonstrated the resilience and growth potential of the nat

Aug 07, 2023

From Discord to Accord: Report to Recalibrate EU-Zim Dynamics?

A cohort of European Union (EU) Election Observers arrived in Zimbabwe to oversee the much-anticipated elections scheduled for the 234rd of August this year. This will be the second election under the

Jul 31, 2023

Delta Corporation Poised for Massive Growth

Delta Corporation Limited, the leading beverage company listed on the Zimbabwe Stock Exchange, has announced a $71 million investment aimed at boosting its production efficiency and profitability. Giv

Jul 27, 2023