Zimbabwe

World

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
Zimbabwe
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
World
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe and Belarus Strengthen Economic Ties Through Government and Private Sector Partnerships

The governments of Zimbabwe and Belarus have taken steps to strengthen their engagement and foster trade between their private sectors after Minister of Foreign Affairs and International Trade, Honour

Mar 31, 2023
Willdale Expects Improved Electricity Supply to Resuscitate Sale Volumes

Willdale Expects Improved Electricity Supply to Resuscitate Sale VolumesThe demand for bricks for housing development and various infrastructural projects remains high. A sustainable financing model f

Mar 30, 2023
Cabinet Briefing: A Review of the Second Republic’s Progress

The highlight economic topic in the cabinet press briefing dated 28 March 2023, was Joram Gumbo’s presentation of the projects that had been implemented by the Second Republic during the period 2018 t

Mar 30, 2023

South Africa's Insurance Market in Turmoil: Reinsurance Rates Soar, Power Grid Collapse Looms

South Africa's insurance market, once considered the most developed in Africa, is facing serious challenges due to rising reinsurance rates, which are outstripping the global trend. Claims pay-outs fr

Mar 30, 2023

Tigere Outshines the Properties Industry

The Tigere Real Estate Investment Trust (REIT), which listed as the first ever REIT on ZSE last year, reported a positive financial performance in the 2-months to 31 December 2022. The REIT listed on

Mar 29, 2023

Embattled Zim Dollar Sheds 85%

Under-fired Zimbabwe dollar has widened year-to-date losses loses by a record 85%, from ZWL142.4237 on the 29th of March 2022 to ZWL928.5887 on the 28TH OF March 2023. Month-to-date losses have widene

Mar 29, 2023

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

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

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

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

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