Zimbabwe

Zimbabwe

Nampak’s profit narrows despite 43% revenue uptick

Nampak Limited Zimbabwe, a metal can manufacturing company listed on the Zimbabwe Stock Exchange (ZSE) registered a 1% decrease in profit after tax to ZWL2.61 billion for the year ended 30 September 2

Jan 31, 2023
Zimbabwe
Seed Co flags on local uncertainty, regional droughts on economic outlook

The largest seed house in Zimbabwe, Seed Co Limited says its future growth focus remains grounded by a complex of calamities, from within the local market to the regional markets despite expecting vol

 Jan 31, 2023
Zimbabwe
Recurrent blackouts affect AFDIS’ RTD volumes

Wines and spirits producer and distributor, African Distillers’(Afdis) saw its Ready To Drink (RTD) category register the worst quarterly performance during the third quarter ended 31 December 2022 du

 Jan 30, 2023
Zimbabwe
Delta’s pessimism about outlook and the looming recession

Zimbabwe’s largest company by market capitalisation, a beverages giant listed on the Zimbabwe Stock Exchange (ZSE), Delta Corporation says the future remains bleak due to an aggressive taxation system

 Jan 30, 2023
Zimbabwe
Zimbabwe seeks a bigger share of tobacco value

China is the largest consumer of tobacco in the world, with more than 300 million smokers according to World Health Organization data. With China re-opening, we expect to see an increase in the demand

 Jan 27, 2023
Zimbabwe
What is wrong with Ariston Holdings Limited?

2022 has been an unfortunate year for many companies in Zimbabwe. The economic environment remained turmoil with the obvious headwinds, inflationary pressures, scarcity of foreign currency and exchang

 Jan 09, 2023
Zimbabwe
Equipment delivery delays drags BNC performance

Bindura Nickel, a VFEX-listed mining giant has recorded a H’Y 2022 financial period results plunged in losses. The nickel mining cooperation company’s loss pool primarily originated from a 16% recorde

 Jan 04, 2023
Resurrection of the energy sector has been marked

Zimbabwe's energy sector has made some positive recovery after the sector and the government have tirelessly worked towards restoring order. This has been seen as the government recently disbursed US$

Dec 20, 2022
President’s grip on re-engagement efforts falter: As Harare-Washington tension heightens

One of the underlying factors of the National Development Strategy 1 (2021-2025) is to turn around the fortunes of the country through re-engaging with the Western countries particularly the USA, UK a

Dec 16, 2022
Nigerian Banks commence issuing new naira notes

Nigerian Banks started issuing new naira notes today in conformity with directions from the Central Bank of Nigeria. Today, commercial banks will start dispersing the eagerly anticipated, newly redesi

Dec 15, 2022
Sustained aggressive monetary stance: Can it save the dire economy?

On the fifth of December 2022, the government, through the Reserve Bank of Zimbabwe issued a circular about the resolutions agreed upon by the Monetary Policy Committee (MPC) in the meeting held on th

Dec 15, 2022

Diminished Communications Network (DECONET): Econet fails to cast out load-shedding demon

Known for its drive to identify and solve traditional and modern-day problems through modern-day solutions which are typically tech-driven, Econet Wireless has grown to be a household name in Zimbabwe

Dec 12, 2022

The “so-called” enhanced financing approach: Were government guarantees the way to go?

About three years ago, the Government of Zimbabwe partnered with several commercial banks as it sought to increase the administrative efficiency of agricultural financing under the Command Agriculture

Dec 12, 2022

Zim’s Banking Sector taking economy where it should be?

Zimbabwe’s undying but slowly suffocating problem has been inflationary pressures and the MPC implored multiple tools to reduce the pressures. The financial sector has remained the focal point for con

Dec 12, 2022

Tongaat Hulett, Hippo Valley and the anatomy of a scandal

The ramifications of Tongaat Hulett’s balance sheet fraud, allegedly carried out by former chief executive Peter Straude and other managers, have been on full display this year. While the issue has be

Dec 12, 2022

Time for Africa to be self-sufficient

20,000 metric tons of fertilizer made in Russia were shipped from the Netherlands to Malawi as part of a pact mediated by the United Nations to maintain agricultural products flowing to international

Dec 07, 2022

The CZI Reports that trading volumes in 2022 have increased from 2021

The results of the 2022 3rd Quarter Business and Economic Intelligence Survey have been published. This exercise was conducted and circulated by the Confederation of Zimbabwe Industries with the aim

Dec 06, 2022

Fossil Mines takes charge of Lafarge Zimbabwe

Fossil Mines is a consortium of entrepreneurs led by Obey Chimuka. The conglomerate has concluded its Lafarge takeover after completing the purchase of a 76.45% stake held by Lafarge Holcim's subsidia

Dec 06, 2022

Why Zimbabwe is making massive strides, Despite economy-wide criticism?

The economic historical backgrounds of many developing countries, Zimbabwe included, have for many decades depended upon foreign aid dating back to the creation of the African debt crisis, now commonl

Dec 06, 2022