World

World

Corporate Action Summary

Old Mutual Investment Group Zimbabwe (Ltd), the Fund manager for the Old Mutual ZSE Top Ten Exchange Traded Fund, declared a dividend of USc0.008436 per unit on the 28th of April 2023, and is payable

May 15, 2023
World
Vast Resources Buys More Time to Settle Debt and Historic Claims

The debt owed to Mercuria and Alpha, totalling approximately £7.3m, was due to be repaid on or before Monday 15 May 2023, but the company is working on documentation of an extension until 30 June 2023

 May 15, 2023
World
Impact of Microsoft's Pay Freeze on Africa Internet Access and AI Push

Microsoft's decision to freeze pay for all full-time workers in 2023 may have significant implications for the tech giant's mandate to expand internet access in Africa. The move comes as part of the c

 May 12, 2023
World
Copper market to remain tight in 2023 before surpluses emerge

The ICSG now expects world copper mine production to increase by 3% in 2023, lower than the 5% growth forecast in October 2022. This downward revision is owing to operational issues, equipment failure

 May 12, 2023
World
The Struggle of Zimbabwe's Economy: Fighting for Currency Survival and Basic Needs

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 May 12, 2023
World
Strategic Growth and Diversification: Sibanye's Q1 2023 Performance and Key Projects in Zimbabwe and Europe

One of the key projects that Sibanye is advancing is the Keliber lithium refinery project in Europe. The construction of the refinery commenced in March 2023, and the project is set to supply regional

 May 10, 2023
World
Gold Performance Review: Shining Prospects or Lurking Perils?

The outlook for gold in 2023 is dominated by investment, with healthy upside expected this year. The picture for fabrication (jewellery and technology) is more muted. Furthermore, robust central bank

 May 08, 2023
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
Implications of Samsung's AI Ban on ChatGPT Data Leak for AI Development in Africa

Samsung's recent ban on the use of generative AI tools like ChatGPT by its employees, following a data leak incident, has significant implications for African businesses and organizations. According t

May 05, 2023
Old Mutual Zimbabwe Launches Fintech Business

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 05, 2023
GetBucks Microfinance Exhibits Robust Growth in Total Income, yet Faces Challenges in Profitability and Asset Quality

GetBucks Microfinance Bank’s net interest income increased by 62% from ZWL220 million in 2021 to ZWL399 million in 2022. This shows that the bank's lending activities grew significantly during the yea

May 02, 2023

CFOs Strategize to Integrate Generative AI in Finance

Generative AI is a hot topic in the finance industry, and experts at the recent CFO Network event discussed how it could have a transformative impact on sales and pricing strategies. Darryl Bond, CFO

May 02, 2023

The New Cold War Heats Up in Sudan: How the US-Russia Power Struggle Fuels Civil War

The decades-long civil war in Sudan has been exacerbated by geopolitical rivalries between the West, led by the United States, and Russia. The US has traditionally backed the southern, Christian rebe

Apr 28, 2023

Blended Inflation Model Distorting Actual Zim Dollar Inflation Trend, According to Captains of Industry

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 28, 2023

Zimbabwe's Economic Growth Set to Rise by 6% on the Back of Increased Maize Harvest

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 27, 2023

'Unleash Business Growth and Forge Global Partnerships at Zimbabwe's International Trade Fair 2023'

The Zimbabwe International Trade Fair (ZITF) is one of the largest intra-regional trade fairs south of the Sahara and a major opportunity for local businesses to boost trade, connect with new partners

Apr 25, 2023

African Markets Update: Malawi Stock Exchange Surpasses Zimbabwe Stock Exchange for the Leading African Exchange Market

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 25, 2023

Homebuyers in Limbo as Agri-Firm CFI Holdings’ Housing Project Stalls

The diversified agricultural conglomerate, CFI Holdings Ltd, has allegedly failed to allot residential plots nearly a decade after marketing them to prospective homeowners for its Suncrest Park develo

Apr 24, 2023

ZB Financial Holdings Achieves Monumental Growth in 2022

ZB Financial Holdings delivered an astounding performance in 2022, registering a monumental upswing across its banking and insurance operations on the back of propitious macroeconomic conditions and t

Apr 21, 2023