Finance

Zimbabwe

Alfred Chaavure's Remarkable Journey: From Bank Financial Accountant to Deposit Protection Corporation Director

With over 20 years of experience in Strategic Management, Banking, Finance, and Accounting, Alfred Chaavure brings a wealth of expertise and knowledge to his new role. He holds a Bachelor of Business

Sep 20, 2023
Zimbabwe
Insuring Zimbabwe's Future : Short-Term Coverage Vital for Business Stability and Investment Growth

Zimbabwe has a low insurance penetration rate of 2.6% Potential impact of El Niño and the need to strengethen the insurance sector in the country The GPW surged by 263%, rising from ZW$7.49 billion to

 Sep 11, 2023
Zimbabwe
First Capital Bank: Soaring Profits and Digital Innovation Propel Success

First Capital Bank Soaring Profits and Digital Innovation Propel Success First Capital Bank demonstrated robust profit growth in the first half of 2023, as its profit after tax skyrocketed by 602% to

 Sep 04, 2023
World
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
Zimbabwe
Zimbabwe Mercantile Exchange (ZMX) Offers Farmers Seeds of Hope

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
World
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
World
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
Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth

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

Jul 24, 2023
US Budget Deficit More than Triples

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

Jul 14, 2023
Putinic Crisis: Ruble Tumbles as Cost of War, Sanctions Take Toll

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

Jul 10, 2023
Zimbabwean Dollar sustains recovery

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

Jul 05, 2023

New Bill Set to Overhaul Namibia’s Banking System

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

Jul 04, 2023

Major Offshore Oil Discoveries Position Namibia for Massive FDI Inflows

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

Jun 28, 2023

Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

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

Jun 26, 2023

FirstRand Limited Maintains Earnings Expectations Despite Challenging Economic Environment

s previously guided, the group expects its credit loss ratio for the year to remain below its stated through-the-cycle range, given its targeted origination approach. The group's capital and liquidity

Jun 21, 2023

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

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

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

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