Zimbabwe

Zimbabwe

Commodities Perspective Corner: Juicy Profits Trimmed! Dive into the World of Citrus Exports

According to Zimtrade, the new requirements that have been put in place by EU are meant to protect consumers and prevent the spread of the False Codling Moth (FCM) into the Union. The EU enacted a reg

Mar 02, 2023
World
The Bigger Picture: Zimbabwe's Debt Clearance Manoeuvres

Last week Zimbabwe held a follow-up structured dialogue meeting on its arrears clearance and debt resolution process. Key takeaways were the feedback by AFDB President, who was appointed last year as

 Mar 02, 2023
Zimbabwe
Rand Gains 1% against US Dollar on Boost from Chinese Data Release

The South African Rand regained value against the US dollar on Wednesday, March 1st, as data from China bolstered the value of the Rand. The unit traded at 18.1575 against the dollar, about 1% stronge

 Mar 02, 2023
Zimbabwe
Eight Against Forty-Five: VFEX Scales Up to ZSE?

The Victoria Falls Exchange (VFEX), which was formerly created as a subsidiary of the primary bourse, the Zimbabwe Stock Exchange (ZSE), has gradually gone up the ranks to surpass half the size of ZSE

 Mar 01, 2023
Zimbabwe
Zim Dollar Shakes 25% of its YTD Value

Embattled local currency, the Zimbabwe dollar has widened Year-To-Date (YTD) losses by 25% on the latest Auction Market held on the 28th of February 2023, losing a quarter of its value within a period

 Mar 01, 2023
Zimbabwe
Managing Business Hazards for Zim Enterprises

All business owners have a fear of inflation. They claim that cost increases pose the largest threat to their business. In order to combat this, business owners must raise prices to cover the effects

 Feb 28, 2023
World
A Loss of Over 3 million Votes from Abroad

In a recent social media post, the Deputy Chief Secretary to the Cabinet of Zimbabwe, George Charamba, made a statement regarding the contribution of diaspora remittances to the country's economy. He

 Feb 28, 2023
The Great Migration: Innscor’s Shift to VFEX Sparks Zim Market Shake-Up

Innscor’s decision to migrate from the ZSE to the VFEX is a significant move that will have far-reaching implications for the company, the ZSE, and the VFEX. In this analysis, we will explore the impl

Feb 28, 2023
Corporate Action Summary

On the 23rd of February, 2023, the seed producer, SeedCo Ltd, withdraw a Cautionary Announcement made on the 18th of January, 2023. “Accordingly, the cautionary announcement made on January 18, 2023 i

Feb 28, 2023
Generative AI (ChatGPT) : How it will Establish its Industrial Value for Zimbabwean Businesses.

ChatGPT, a small step for generative AI, is still in the very early stage of verifying its industrial value. In the first issue of the Axis this year in the article Farewell Crypto, Hello generative A

Feb 27, 2023
“Surprise”: Lance Mambondiani Set to Step Down as BancABC MD

According to credible sources, Dr Lance Mambondiani is set to step down as BancABC Managing Director (MB) after being at the helm of the Zimbabwe unit since July 2019. His departure has, however, rais

Feb 24, 2023

CFI Holdings Achieves Impressive Q1 Performance Despite Fertilizer Revenue Dip

CFI Holdings is a business conglomerate that has navigated challenging macroeconomic conditions to deliver impressive results for Q1 ending 31 Dec 2022. The group operates in three divisions - Poultry

Feb 24, 2023

Elections Update: Delimitation Report Faces 'Double' Criticism

Following the gazetting of the final delimitation report on the 20th of February 2023, President Mnangagwa revealed that he will soon announce the date of the elections for the 2023 harmonised electio

Feb 23, 2023

SA Treasury Makes Strides to Address Electricity Crisis

The South African National Treasury's recent projection of an increase in economic growth has sparked optimism among the country's economists. This is a good sign for Zimbabwe because South Africa is

Feb 23, 2023

Zimbabwean Manufacturing Sector Propels Exports to New Heights with 5.5% Uptick

Manufacturers in Zimbabwe are reportedly stepping in to relieve the trade deficit that has been accumulating for almost a decade, according to a State of Industry report. Despite a decline in product

Feb 23, 2023

2008 Reminiscence: Zim Dollar’s Cumulative YTD Losses Surpass 20% Mark

The local unit continues to lose ground against the US dollar despite government talking a rhetoric of stability. The cumulative year to date (YTD) losses  have breached the 20% mark after shedding by

Feb 23, 2023

Commodities Perspective Corner: The Food View-- What you need know!

Declining global prices for wheat pose a challenge to Zimbabwe’s mission to self-sustain. While the country achieved sufficient tonnage to cover its own needs in 2022, the general cost levels per tonn

Feb 22, 2023

Short-term Profit-taking: A spreading infection on the ZSE?

Capital markets in Zimbabwe are ranked among the most volatile in the world owing to underlying weak economic fundamentals which affect sentiment and investor appetite. Volatile markets are known to y

Feb 22, 2023

Ariston Holdings Limited seeks greater export value

Zimbabwe Stock Exchange-listed company Ariston Holdings Limited (ARIS.zw) has seen mixed performance across its business units. Its main product categories are tea and macadamia nuts. The third busine

Feb 21, 2023