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World

Why the Namibia Stock Exchange is Ready to Take Off

Why the Namibia Stock Exchange is Ready to Take Off The Namibia Stock Exchange (NSX) is ready to ascend to new heights after being admitted as a full member of the World Federation of Exchanges (WFE)

Jun 20, 2023
Zimbabwe
PPC Zimbabwe: Overcoming Challenges and Poised for Growth in Zimbabwe's Cement Sector

According to the update, PPC Zimbabwe's sales volumes declined by 16% compared to the same period last year due to planned kiln maintenance shutdowns in the first half of the financial year and freque

 Jun 20, 2023
Zimbabwe
NRZ in Lucrative Deal?

Rail India Technical and Economic Service (RITES) recorded a 2% jump in its share price on the National Stock Exchange of India Limited (NSE) on the 16th of June, 2023, after signing an US$81.2 millio

 Jun 16, 2023
Zimbabwe
Namibia Follows Zimbabwe's Lead and Bans Export of Critical Minerals

Namibia's decision to ban the export of unprocessed critical minerals and Zimbabwe's ban on lithium ore exports are steps towards maximizing the benefits of critical minerals for their respective coun

 Jun 13, 2023
World
Sweet Entry into the Chinese Market: Zimbabwean Citrus Farmers Find Solace

China consumed over 54 million tonnes of citrus fruits in 2021, accounting for about 34% of total citrus consumption globally. The sheer size of the Chinese market signals a huge export potential for

 Jun 05, 2023
World
The Rise of China's Influence in the Global Metals Market: How the Loss of Benchmark Status by the LME may impact Zimbabwe

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M

 Jun 05, 2023
Zimbabwe
Nedbank in Solid Start to 2023

Nedbank warned that risks to its full-year outlook are rising from South Africa’s weakening economy, where growth has been hit by power cuts, weak global demand, and rising rates.

 Jun 02, 2023
New Nickel Price Index Offers Hope for BNC Amidst Industry Challenges

Indonesia, the world's largest nickel producer, has put on hold its plans to impose export levies on nickel products in a bid to create a price index that will help ease the volatility tied to the Lon

May 30, 2023
Patchwork Power Solution Provides Fragile Respite as Hwange Unit 7 Joins National Grid

Zimbabwe’s Hwange Power Station Unit 7 has been officially integrated into the national power grid, adding 300MW of electricity generation capacity. This milestone comes after the power plant successf

May 29, 2023
Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

May 24, 2023
Axia Stays Resilient Despite Turbulent Quarter

Axia Corporation released their trading update for the third quarter ended March 2023, demonstrating satisfactory performance despite facing significant exchange rate volatility and economic distortio

May 22, 2023

RBZ lifts "gold mafia" accounts freeze

In concluding, the FIU said it has directed financial institutions to unfreeze all accounts and other financial assets that had been frozen pursuant to the directive of March 31, 2023. The unfreezing

May 16, 2023

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

Rare Earth Element Bonanza in Zambia: Prospect Resources secures Option for 51% in prospective REE project

The Kesya Project includes a large-scale exploration license where previous geological mapping and sampling has identified a large rare earth element (REE)-enriched carbonatite intrusion. Rock chip sa

May 15, 2023

Lucara's Underground Challenge: Early Delays and Diamond Pricing Woes Test Expansion Vision at Karowe

According to GlobalData, Botswana is the world's second-largest producer of diamonds, with output of 24,810kct in 2022, up by 8% on 2021. Over the five years to 2021, production from Botswana decrease

May 15, 2023

Harmony Gold reports strong operational performance for 9M FY23.

Electricity challenges in South Africa will likely have a significant adverse impact on Harmony's operations in the near term, particularly its cost of production. The country has been experiencing fr

May 10, 2023