The Zimbabwe dollar maintained its depreciation rate of 0.4% during the latest auction market held on October 31, 2023. This resulted in the massaged currency being traded at a rate of 5718.4090 again
Nov 01, 2023
Simbisa Brands Limited announced that it will hold an Annual General Meeting (AGM) for stakeholders at 08:15 Hours on the 17th of November, 2023, at the Standards Association of Zimbabwe, Northend Clo
In Zimbabwe's struggling economy, where unemployment rates are reported to be as high as 75% according to NGO statistics and around 21% according to ZIMSTAT statistics, the retail industry plays a cru
Zimbabwe's statistics agency, ZIMSTAT, says the month-on-month inflation rate in October 2023 increased to 2.5%, which is 1.5 percentage points higher than the September 2023 rate of 1%. This means th
Zimbabwe is facing an extended period of blackouts as the power utility, Zimbabwe Electricity Supply Authority Holdings, announced that Unit 7 of the Hwange power plant will be taken offline for 30 da
As global awareness of the importance of sustainability continues to grow, large organizations like Anglo American plc are paving the way for responsible and sustainable mining practices. In their rec
Zimbabwe’s ailing but massaged currency, the Zimbabwe dollar increased at a decreasing rate of 0.4% on the 24th of October 2023 on RBZ’s governed liberalized auction market rate. This marks the small
During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in
The Board of Directors of ZB Financial Holdings Limited announced the appointment of Luxon Zembe as Chairman of ZB Financial Holdings Limited Board with effect from 1 August 2023. Luxon is a prominent
The Board of Directors of Zimre Holdings Limited (ZHL) announced the appointment of Messrs Richard Morgan and Nicholas Mugwagwa Vingirai to the Board effective 28 July 2023. This follows their electio
The Zimbabwe dollar has witnessed one of the most insignificant drops in the latest auction market held on the 10th of October 2023, trading at ZWL5633.9332 compared to ZWL5591.9615. This decline is
The government has recently issued US$5 million worth of treasury bills (TBs) with a maturity yield of 90 days. These TBs are specifically intended for government programs and managing cashflow. As p
The board of directors of Caledonia Mining Corporation Plc declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares with a record date of 13 October, 2023. The
The decline in nickel prices on the LME, which have fallen by 38% this year, underscores the challenging environment faced by nickel producers. Several factors have contributed to this situation, incl
Cigarette maker and distributor, British-American Tobacco (BAT), has reported a half-year loss for the period ended 30 June 2023. This loss is particularly significant as it has doubled from the previ
Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the
Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift
Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, effective 01 July 2022, there has
Total sugar produced during the 5 months to August 2023 dropped by 9% to 66,319 tons Local sales have experienced a decline of 12% Upcoming months will be crucial for Hippo Valley as rainfall patterns
