Zimbabwe

Zimbabwe

From Loss to Profit: Dallaglio Anchors Padenga Holdings’ Solid Performance

After recording a loss in full-year 2021, the Victoria Falls Stock Exchange (VFEX)- listed diversified Group, Padenga Holdings has recorded a solid financial muscle during the full year ended 31 Decem

May 12, 2023
Zimbabwe
Voodoo Economics: Ncube Stabs Local Producers on the Back

Finance and Economic Development Minister, Professor Mthuli Ncube has thrown the local producers under the bus after scrapping duty on the imports of all basic commodities. The latest measure will def

 May 12, 2023
Zimbabwe
Delta Corporation Posts Impressive 60% Increase in Revenue, Delivering Sparkling FY’23 Results Despite Economic Headwinds

Delta Corporation announced sparkling results, overcoming macroeconomic headwinds in Zimbabwe and supply chain constraints to post a 12% increase in beverage volume. Lager beer volume in Zimbabwe swel

 May 12, 2023
Zimbabwe
Taxation, Interest Expenses Narrows Afdis FY Earnings

The Zimbabwe Stock Exchange (ZSE)- listed wine and spirit maker, African Distillers’(Afdis) has recorded a surge in tax expenses and taxation to government parastatals during the full year ended 31 Ma

 May 12, 2023
World
The Struggle of Zimbabwe's Economy: Fighting for Currency Survival and Basic Needs

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 May 12, 2023
Zimbabwe
Elections Update: Elections to Proceed as Court Throws Mwonzora's Bid under the Bus

Zimbabwe’s harmonised elections set for 2023 will proceed after the High Court nullified Douglas Mwonzora’s bid to nullify the delimitation report released by ZEC in February this year.  Delimitation

 May 11, 2023
Zimbabwe
First Capital Bank seeks to sweat assets by targeting public service

The promotion is just one of a range of activities that First Capital Bank is offering to unlock value in the new term. In 2022, the Bank invested heavily in revamping its digital platforms, and custo

 May 11, 2023
ZimStats Survey Reveals Agriculture, Mining, and Retail as Top Contributors to Zimbabwe's Economy

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 11, 2023
Takealot’s Mr D drives Pick n Pay sales

South Africa’s 2nd largest retailer Pick n Pay said its online sales volumes significantly soared after hopping onto the Mr D’s delivery app. The company achieved total online sales growth for the yea

May 11, 2023
Gold Performance Review: Shining Prospects or Lurking Perils?

The outlook for gold in 2023 is dominated by investment, with healthy upside expected this year. The picture for fabrication (jewellery and technology) is more muted. Furthermore, robust central bank

May 08, 2023
From Losses to Lessons: Zimplow's 2022 Journey Towards Growth and Resilience

Zimplow Holdings Limited, which is set to list on the Victoria Falls Stock Exchange (VFEX) after announcing its intention to delist from the Zimbabwe Stock Exchange (ZSE), weathered a turbulent year i

May 08, 2023

Corporate Action Summary

In the week under review, Caledonia Mining Corporation announced the retirement of Leigh Wilson from his role as Director and Non-Executive Chairman of the Company. He became Chairman in May of 2013,

May 08, 2023

Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023

CSAG.ZW Beats The All-Shares Index

Zimbabwe Stok Exchange listed ETF Cass Saddle Agriculture Exchange Traded Fund has published its financial results for the period ending 31 December 2022. The fund which has exposure primarily in the

May 05, 2023

Old Mutual Zimbabwe Launches Fintech Business

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 05, 2023

Elections Update: ZANU Gears for Re-runs, Sikhala Remains Incarcerated despite US$600 Bail

Ruling party, ZANU-PF is set for primary elections rerun on the sixth of May 2023 in three local authority wards in Hwange in preparations for the upcoming general elections while Zengeza West MP, Job

May 05, 2023

Electricity Woes Baffles RioZim

The mining concern listed on the Zimbabwe Stock Exchange, RioZim Limited Zimbabwe says recurrent electricity power cuts in the full year to December 2022 dampened its gold output at Renco Mine, its f

May 05, 2023

Post-Cabinet Briefing: Day 50 of the 100-Day Cycle

The 12th Post Cabinet Press Briefing published on the 2nd of May marked Day 50 in the implementation of priority projects for the 1st 100-Day Cycle of 2023. Cabinet received reports from respective Mi

May 04, 2023

Powerless Profits: Pick n Pay's Margins Plunge Amid South Africa's Electricity Crisis

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 04, 2023