Zimbabwe

Zimbabwe

African Capital Markets Update:The Remerging Bond Markets

he Mozambique bond market has re imaged after a successful bond issuance with the results of the public hearing held on March 21, 2023, at the Mozambique Stock Exchange. These bonds generated a high d

Mar 28, 2023
Zimbabwe
The Case for Equity Financing

The three major sources of corporate financing are retained earnings, debt capital, and equity capital. Debt capital has been restricted by the tight monetary policy environment which continues to str

 Mar 27, 2023
Zimbabwe
US$1bn Floating Solar Farm In Kariba Proposed by Chinese Firm

Due to low water levels and insufficient ability to generate enough electricity to fulfil demand, Zambia now has a deficit of electricity. To prevent a power catastrophe, according to Hichilema, the n

 Mar 27, 2023
Zimbabwe
CORPORATE ACTION SUMMARY

Border Timbers held Annual General Meetings, individually, for the years from 2018 to 2022 as the company was under judicial management. For the years 2018 to 2021, shareholders passed the resolution

 Mar 27, 2023
Zimbabwe
Diversification Payoffs: Axia sails through anaemic economies

Diversified retailer, Axia Corporation Limited engulfed a volatile economic environment within Zimbabwe and its regional branches to post a 44% revenue uptick to ZWL75.6 billion and finally, a whoppin

 Mar 27, 2023
Zimbabwe
The Implications of Gold Smuggling in Zimbabwe

In what could be a twist of fate, an investigative unit under Aljazeera uncovered atrocities being done by the government of Zimbabwe in the gold industry, in a documentary that was aired on the 23rd

 Mar 24, 2023
World
Zimbabwe Takes the Lead as Chair of African Diamond Producers Association

-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha

 Mar 24, 2023
Elections Update: 3 days left for Election Registration Blitz

Zimbabweans are left with three days to register for the upcoming 2023 general elections after the e3lections body, ZEC extended the registration date to 26 March 2023. This followed technical proble

Mar 23, 2023
South Africa Beats the Odds: Inflation Surges Higher Than Expected In February

South Africa's headline consumer inflation has risen slightly higher than expected in February, according to data released by Statistics South Africa. Year on year, inflation grew by 7.0% from 6.9% in

Mar 23, 2023
Cabinet Review: A Step Towards Joining BRICS+

The acting Minister of Foreign Affairs informed the nation that he held a meeting with the Minister of External Affairs and Education of India on the sidelines of the United Nations Conference on Leas

Mar 22, 2023
Volatility Yields: ZSE Investors Take Home Almost 50% US$ Gains

The highly volatile financial market, Zimbabwe Stock Exchange (ZSE), has once again emerged the best performing bourse in Africa on a year-to-date basis, in US$ terms. As at the 21st of March, 2023, t

Mar 22, 2023

Zim Dollar Depreciation Rate Wanes Despite a Blooming PMR

Embattled local currency, Zimbabwe dollar (Zim dollar) has recorded its most insignificant drop since the beginning of the year on the RBZ-governed Auction Market.  On the latest Auction Market held

Mar 22, 2023

Reality or Rhetoric: President Vows to Defend First-Ever Peaceful, Undisputed Election

President for the Republic of Zimbabwe, Cde Emmerson Mnangagwa has assured the business community and the citizens that peace will prevail in the upcoming elections amid fears of a possible violence a

Mar 22, 2023

Silver Bullet for Zim Companies: Co-Working Model

he central business area (CBD) of Harare is losing businesses due to high rents, parking fees, and the bad condition of several buildings. As a result, many small and medium-sized businesses are now o

Mar 21, 2023

African Markets Update: Unlocking the Mystery of Third World Economies' Record Stock Exchange Results

The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark

Mar 21, 2023

ZB Financial Holdings Secures a Controlling Stake in Mashonaland Holdings

Zimbabwe Stock Exchange-listed financial outfit, ZB Financial Holdings (ZBFH) has increased its investment portfolio by increasing its stake in ZSE-listed Mashonaland Holdings. ZBFH says it now holds

Mar 20, 2023

Forex Backlog Dampens Axia’s Restapedic Efficacy

The diversified retailer listed on the US dollar denominated bourse Victoria Falls Stock Exchange,  Axia Corporation Limited has succumbed to delayed disbursement of foreign currency on the auction ma

Mar 20, 2023

E-Livestock Global in Zimbabwe Sets Out Ambitious Expansion Aspirations For its Agri-Focused Data Platform

The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geo

Mar 20, 2023

First Capital Bank ducks ZSE, eyes VFEX

Harare - FIRST Capital Bank Limited has announced plans to delist from the Zimbabwe Stock Exchange with the intention to list at the Victoria Falls Stock Exchange (VFEX). The recent removal of the 100

Mar 20, 2023