Zimbabwe

Zimbabwe

Zimbabwe Operations Propel PPC's Performance

PPC Limited has reported a 3% growth in sales volumes for the five months leading up to August 31, 2023, as stated in the company's latest trading update. This positive performance was primarily drive

Sep 22, 2023
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
Zim Dollar Sees Biggest Crush Post Shambolic Elections

The Zimbabwe dollar experienced its most significant decline, not only after the disputed election but since the start of July, indicating a rise in the injection of Zimbabwe dollar liquidity into the

 Sep 20, 2023
World
EU Suspends Funding for Zim

The European Union has discontinued its financial assistance of US$5 million to the Zimbabwe Electoral Commission (ZEC), the electoral body of the country, in the aftermath of the contested 2023 gener

 Sep 20, 2023
Zimbabwe
Corporate Action Summary

Pursuant to ten previous statements, CBZ Holdings Limited issued a further Cautionary Statement on the 5th of September, 2023, advising all shareholders and the investing public that the Company is st

 Sep 18, 2023
Zimbabwe
Thriving Against Odds: Zim's Platinum Hits Record Breaking Output

In the latest report from the World Platinum Investment Council, Zimbabwe's platinum output for Q2 2023 experienced a significant 2% increase (+2 koz) compared to the same period last year, reaching 1

 Sep 14, 2023
Zimbabwe
Earnings Rollercoaster: Old Mutual Anticipates Mixed Results

Old Mutual Limited, a diversified financial services group, anticipates a combination of outcomes in its half-year results for the period ending on June 30, 2023. The Group foresees a decline in resul

 Sep 14, 2023
Tongaat creditors vote in favour of extension of rescue plan update

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore continue trading in the ordinary course. These three businesses are funded independentl

Sep 13, 2023
Zim Dollar Sustains Downward Trajectory

The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut

Sep 13, 2023
Trading Lives for a Piece of Meat: But Why Cyril?

As a businessman invested in milk production, let's envision you as the owner of a company similar to Dairibord Zimbabwe Limited, the largest milk processor in the country. In this scenario, your most

Sep 13, 2023
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

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

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

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

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

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

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