Zimbabwe

World

New Indonesian Nickel Indices Could Be a Game-Changer for Bindura Nickel Corp

For Bindura Nickel Corp and other miners outside Indonesia, the new indices could give better insight into price trends and improve their bargaining power with offtakers. Bindura Nickel Corporation is

Apr 14, 2023
Zimbabwe
Zimbabwe's Tobacco Industry Under Threat: Growers Suspected of Side Marketing

The Zimbabwean tobacco industry, is facing challenges with suspected side marketing by contracted tobacco growers. As a result of this illegal practice, the Tobacco Industry and Marketing Board (TIMB)

 Apr 14, 2023
Zimbabwe
BAT Forfeits Over ZWL17 Billion to ZIMRA Taxes

Manufacturer and distributor of tobacco products, British-American Tobacco Zimbabwe Limited has paid ZWL17.5 billion in taxes to the government during the full year ended 31 December 2022, resulting i

 Apr 14, 2023
Zimbabwe
Investment Polyphagia: Unpacking Simbisa’s New Projects

Diversified largest fast-foods outlet in Zimbabwe, Simbisa Brands is targeting to roll in new 49 stores in the second half of the full year ending 30 June 2023, enhancing its broader footprint in the

 Apr 13, 2023
World
Zambia Approaches Debt-Restructuring Agreement

-Zambia is a step closer to finalizing its long-awaited debt-restructuring agreement with its official bilateral creditors. The nation’s treasury secretary, Felix Nkulukusa, recently announced that th

 Apr 13, 2023
Zimbabwe
Bear-run on VFEX: Investors in despair

The Victoria Falls Stock Exchange (VFEX) has been on a negative trajectory for close to five months now, and has succumbed to a -4% decline since the beginning of the year. This is inverse to the prim

 Apr 12, 2023
Zimbabwe
Overvalued Auction Market Rate Almost Doubled

The Zimbabwe dollar continues losing more ground against the greenback after hitting ZWL959.3111 against the US dollar on the 11th of April 2023. When the Zimbabwe dollar was reintroduced in 2019 and

 Apr 12, 2023
Africa Capital Markets Update: Performance Variance Analysis

The Nairobi Stock Exchange has earned the unfortunate distinction of being the worst performing African stock market in the first quarter of 2023. So far this year, it has experienced a significant de

Apr 11, 2023
Corporate Action Summary

BAT Zimbabwe announced that its 63rd Annual General Meeting of shareholders will be held at Cresta Lodge Harare, Corner of Samora Machel Ave and Robert Mugabe Rd, Msasa, Harare, on the 28th of April 2

Apr 11, 2023
Zimbabwe Targets Self-Sufficiency in Wheat Production Through Increased Hectarage

The Zimbabwean government recently announced its plans to increase the hectarage of winter wheat production by 5% for 2023, compared to last year's 80,388 hectares. This comes as good news for the cou

Apr 06, 2023
Zimbabwe's Lithium Export Ban Sparks Stockpiling and China Price Floor Agreements: What's Next for the Global Market?

imbabwe, a country with significant untapped lithium resources, recently implemented an export ban on lithium ores, with only a few players exempted from the ban. This move by the Zimbabwean governmen

Apr 06, 2023

ZHL Sustains Profitability Despite Unprecedented Reinsurance Claims

The Group posted an inflation adjusted total income of ZWL39.5 billion, which is a 9% surge from ZWL36.3 billion recorded in the prior year. The growth was attributed to an overall positive investment

Apr 05, 2023

Flourishing Black Market Rate Surpasses 1700 Mark

The embattled Zimbabwe dollar crossed the ZWL1700 benchmark on the 4th of April 2023 on the parallel market to ZWL1750 against a single greenback, almost doubling the formal market rate.  On the late

Apr 05, 2023

African Capital Markets Update: Positive Outlook Despite Contrasting Performance - Challenges Ahead

In the past week, the All-Share Index rose 7.59%, ranking the best performing stock market in Africa. The bourse registered growth on the back of a remarkable 17% surge in the Utilities sector, primar

Apr 04, 2023

TSL Reaps Diversification Benefits as Profit Surges Above 500%

Diversified ZSE-listed entity, TSL Limited Zimbabwe has achieved a record 520% surge in profit after tax for the full year ended 31 December 2022 underpinned by its diversified portfolio strategy.  P

Apr 03, 2023

Corporate Action Summary

FMP recorded a 42% increase in inflation adjusted revenue to ZWL2.9 billion in the full year to 31 December, 2022, owing to the repricing of rentals as well as a relatively good occupancy level of 85

Apr 03, 2023

Caledonia Profit Woes: Should Investors Worry?

A behemoth in gold investments in the country, Caledonia Mining Corporation posted its second post-COVID-19 profit downturn for the full year ended 31 December 2022 despite achieving a record gold pro

Apr 03, 2023

RBZ Eases Policy Rate as Ex-rate Premium Surpasses 70%

In the recent adjustments to the current contractionary monetary policy, the Central Bank reduced the Bank policy rate from 150% to 140% per annum. The move is premised on the supposed slow-down in in

Mar 31, 2023

Microsoft Expands Its Translation Services to Include 13 African Languages, Including Shona

By utilizing the most recent neural machine translation (NMT) strategies, Microsoft has steadily expanded the number of languages and dialects that are supported by its Translator service. Machine tra

Mar 31, 2023