World

World

A Loss of Over 3 million Votes from Abroad

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

Feb 28, 2023
World
Spike in Interest Rates Cripples CAFCA's Sales Volumes

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%

 Feb 27, 2023
World
Generative AI (ChatGPT) : How it will Establish its Industrial Value for Zimbabwean Businesses.

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

 Feb 27, 2023
World
Twitter Continues to Eliminate Product and Engineering Employees to Reduce Costs

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

 Feb 27, 2023
World
A Legacy of Failed Aspirations: Unpacking Buhari’s 8-year Presidency

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

 Feb 27, 2023
World
Biden Looks to Counterweight China’s Influence on the Continent

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

 Feb 24, 2023
World
Major Layoffs Continue to Haunt Cryptocurrency Business in 2023

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

 Feb 24, 2023
SA Treasury Makes Strides to Address Electricity Crisis

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

Feb 23, 2023
Commodities Perspective Corner: The Food View-- What you need know!

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

Feb 22, 2023
Sibanye Stillwater downgrades FY2022 profit guidance

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

Feb 22, 2023
Embattled ESKOM’s resumed Stage 6 loadshedding risks GDP’s growth efficacy

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

Feb 20, 2023

Star Africa’s Goldstar operates on deficit on account of failing power system

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.

Feb 16, 2023

‘Reactionary economic policies’: Sudan bans US Dollar use

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

Feb 14, 2023

ZESCO ends 12-hr blackouts, ZESA remains trapped

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

Feb 14, 2023

Econet wireless rounds up Q3 2022 with an increase but unpleased with the operating environment

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

Feb 08, 2023

Brent crude Oil Price outlook for 2023

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

Feb 07, 2023

Edgars paints gloomy investor-relations despite operating in black

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

Feb 06, 2023

Inflation being a winning - losing game

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

Feb 02, 2023

EcoCash Holdings boast an optimistic future after Q3 results

The largest digital network group by marketshare, Ecocash Holdings, has recorded growth across all branches marking a clear upward trend in its financial performance. The company directs its positive

Feb 01, 2023