ZMX is gradually gaining traction among farmers and traders As of August 2, 2023, 185 tonnes were traded at US$315 per tonne Soybeans was introduced this week, with 4,000 tonnes auctioned at US$480 pe
Aug 07, 2023
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
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
With these various energy projects in the advanced stage of development, Shumba Energy is poised to have a significant impact on the energy sector in Southern Africa. As the region grapples with a gro
The potential ban on Russian aluminium by the LME brings to the fore the impact of geopolitical tensions on the global metal market, with smaller producers in Africa likely to feel the brunt of any de
The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay
Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth Central banks have traditionally prioritized price stability and controlling inflation. However, in recent
The project is now expected to commence production in the first half of 2028, a year later than previously planned. Capital costs have also increased by 25% to $683 million.
The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed
The US government budget deficit widened by 157% to US$227.8 billion in June 2023, up from a US$ 88.8 billion gap in the same month of the previous year. This figure fell below market expectations of
The report highlights the company's strong balance sheet, with cash on hand increasing by US$36.8 million to US$242.6 million, resulting in a net cash position of US$141.5 million, which will support
China’s factory-gate prices recorded their fastest fall in seven and half years in June while consumer inflation was at its slowest since 2021. The producer price index marked its steepest decline sin
The Russian ruble has hit its lowest mark in 15 months on the 10th of July 2023 at 90.6 against the US dollar, trading well below averages prior to Russia's invasion of Ukraine, due to political uncer
Tongaat Hulett, the embattled South African sugar producer under business rescue, announced this week that it had secured an extension of its post-commencement finance facility from its funders until
The Zimbabwe dollar has appreciated to ZWL5395.9619 on the latest auction market held on the 4th of July 2023, notching up 17% gain from ZWL6326.5877 traded last week per dollar. This is the biggest
Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign
Harare - The Namibian government has introduced a new Banking Institutions Bill to revamp the country’s banking regulatory framework. The current Banking Institutions Act of 1998 has been deemed outda
Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows Windhoek - The hydrocarbon sector is poised to become the leading driver of foreign direct investment (FDI) inflows into Namibia
Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w
