The Reserve Bank of Zimbabwe (RBZ) has introduced a Collateral Registry as it moves to enhance financial inclusion and increased access to finance through expanding the range of qualifying collateral
Nov 23, 2022
The loan-to-deposit ratio (LDR) has remained relatively low for the past three years for Zimbabwean commercial banks averaging 45 percent over the period against an international threshold level of 70
ZSE-listed rubber and chemicals manufacturer, General Belting Holdings Zimbabwe Limited lamented the operating environment which continues to be tough, despite government reiterating about growth pro
ZSE-listed concern, Border Timbers’ revenue grew 23% to ZW$2.2 billion, up from ZW$1.8 billion in the comparative period prior year despite volumes sold and production volumes for poles paring 68% and
Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production
Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for
With a greater capacity to access US dollars with a "dollarized" financial sheet, National Foods will be better able to raise cash. The potential for the VFEX to develop into a regional exchange incre
Stanbic Bank is this month celebrating 30 years of service provision which has seen the leading financial services institution contributing significantly to the socio-economic growth of Zimbabwe and t
The Bakery Division experienced a marginal drop in comparison to the comparative quarter. This was propelled by the Russia-Ukraine war which made global wheat prices surge. Recently prices of wheat ha
Tobacco Processor, BAT Zimbabwe's financial performance for the nine months ending 30 September was severely influenced by a lack of local currency, which was exacerbated by the government's stringent
The other factor that led to the low volume of sales and revenue also has to do with the roof collapse the company experienced which suppressed the availability of cement.
ZSE-listed company First Mutual Properties posted aminimalistic update for the quarter. Many descriptive statistics and financial line items such as cash generated from operations, and financial perfo
ZSE-listed beverages giant, Delta Corporation, released a stellar financial performance for the six months ended 30 September 2022 despite operating in a trading environment characterized by unstable
Tigere’s internationally ubiquitous investment security is expected to add some diversity to Zimbabwe’s fragile investment landscape. The Zimbabwean capital markets need depth in terms of scope as the
Revenue for the group for the nine months ending 30 September 2022 surged by 97% to ZW$51.375 compared to the prior year. The growth was propelled by an improvement in both interest and non-interest i
ZSE-listed Quick Service Restaurant (QSR) provider, Simbisa Brands, recorded a 36.2% increase in total customer count for the first quarter ended September 30th 2022.
PPC Zimbabwe's volumes decreased period-on-period by 13% due to the planned kiln shutdown in the first quarter, and margins were negatively impacted by the use of imported clinker.
On the 10th of November, the Reserve Bank of Zimbabwe rolled out the Central Bank Digital Currency (CBDC) consumer survey, which seeks to gauge the readiness of the public in accepting the financial i
Over the last week, Invictus has released a throve of updates concerning the Mukuyu-1 well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin, with early
