Zimbabwe

Zimbabwe

An illusion Economy: Measuring Currency Stability with Alternative Markets

During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat

Sep 12, 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
Nampak in strategic asset purchase: New Production Line in pipeline

Nampak Zimbabwe, a leading manufacturer of plastic packaging products, is aiming to increase its capacity with the acquisition of an eight-colour printer for self-opening paper bags from Bullpak. This

 Sep 11, 2023
Zimbabwe
Corporate Action Summary

VFEX listed Bindura Nickel Corporation Limited announced that it will hold its 57th Annual General Meeting (AGM) virtually on Thursday, 28 September 2023 at 0900hrs.

 Sep 11, 2023
Zimbabwe
Platinum Deficit Forecast for 2023 Reaches Record High, Signalling Opportunities for Zimbabwe

This presents a unique opportunity for countries like Zimbabwe, which has seen a slight increase in platinum supply amid challenges faced by other major producers. Zimbabwe exports nickel mattes large

 Sep 06, 2023
Zimbabwe
Zim Dollar Continues to Decline After Contentious Elections

The Zimbabwe dollar experienced a depreciation today, marking the second consecutive week of decline against the US dollar. This follows the contentious election, which has heightened concerns about i

 Sep 06, 2023
Zimbabwe
ZIDA Empowers Mining Claim Holders with Investor Connections

ZIDA has introduced a match-making mining platform that holds immense potential for mining claim holders in Zimbabwe. Known as the ZIDA Mining Claims Matchmaking Platform, this innovative solution aim

 Sep 04, 2023
Corporate Action Summary

Seed Co International Limited announced that it will hold its 23rd Annual General Meeting (AGM) virtually (via the Escrow Group platform) on Wednesday the 20thof September 2023, at 12:30 GMT+2 (Botswa

Sep 04, 2023
Matias Cardarelli Appointed as PPC CEO: Charting a Course for Growth Amidst Challenging Times

With a deep understanding of the cement industry and a proven leadership skillset, Mr. Cardarelli is well-positioned to steer PPC towards sustainable profitability. His appointment follows a comprehen

Sep 04, 2023
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
Political Uncertainty and Currency Volatility Threat

Following the pronouncement of debatable election results for the presidential polls held on the 23rd of August, 2023, Zimbabwe has plunged into an atmosphere of uncertainty which has had a ripple eff

Aug 30, 2023

ZSE Implements Operational Changes to Enhance Liquidity, Price Discovery

In its ongoing efforts to bolster liquidity, facilitate price discovery, and align with international best practices, the Zimbabwe Stock Exchange Limited (ZSE) has announced operational changes effect

Aug 30, 2023

Zimbabwe's Trade Deficit Soars: Enters Triple-Digit Territory

Zimbabwe's trade deficit expanded to a three-digit figure in July 2023, marking a significant increase compared to the two-digit deficit recorded in June 2023. The total value of exports in July 2023

Aug 30, 2023

Corporate Action Summary

Wednesday, 23 August 2023, was declared a public holiday for the purposes of polling for the 2023 harmonised elections. The Zimbabwe Stock Exchange (ZSE) was therefore closed on Wednesday and resumed

Aug 28, 2023

The Impact of SADC’s Zim Election Shaming, What’s Next?

In an unprecedented yet expected move, the Southern African Development Community (SADC) observer mission has criticised Zimbabwe’s local government, national assembly and presidential election, sayin

Aug 25, 2023

Zimbabwe Records Second Consecutive Month of Deflation

Zimbabwe experienced negative month-on-month inflation for the second consecutive month in August, although there was an increase of 9.1 percentage points. According to the latest data from the count

Aug 22, 2023

Corporate Action Summary

In a Trading Update for the 3rd quarter ended 30 June, 2023, ARTD recorded a 54% growth in inflation adjusted revenue to ZWL75.2 billion. The growth was attributed to inflation pricing, which counter

Aug 21, 2023

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

Zim Dollar Extend Losses to Third Straight Session

As the elections period draws closer, the Zimbabwe dollar has encountered its third consecutive session of losses against the US dollar. On the latest wholesale RBZ-governed auction market, the curre

Aug 17, 2023