Markets

Zimbabwe

Corporate Action Summary

As the policy change in inflation figures continue to weigh on valuations, the duo of clothing retailers, Truworths and Edgars, have announced an extension to the publication date of financial results

Apr 24, 2023
World
ZB Financial Holdings Achieves Monumental Growth in 2022

ZB Financial Holdings delivered an astounding performance in 2022, registering a monumental upswing across its banking and insurance operations on the back of propitious macroeconomic conditions and t

 Apr 21, 2023
World
Government Raises GDP Forecasts by 2.2 Percentage Points Due to Positive Agricultural Performance

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

 Apr 21, 2023
Zimbabwe
Zimbabwe Urges Artisanal and Small-Scale Miners to Increase Bankability of Projects

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

 Apr 20, 2023
World
Commodities Perspective Corner: Ukraine Grain Deal with Poland Provides Lifeline but Concerns Remain for African Importers

Ukraine recently struck a deal with Poland to resume grain exports overland after a temporary ban. While this provides a lifeline for Ukraine to export its grain, the fate of its seaborne exports from

 Apr 20, 2023
World
EasyEquities Partnership With GCash to Bring US Stock Trading to 70 Million Filipinos

EasyEquities will launch a fantasy investment game on GCash in June 2023 to educate and familiarize customers with US stock trading before offering real trading. This strategy proved successful when E

 Apr 20, 2023
Zimbabwe
MoM ZSE Performance Review

Despite some intense levels of oscillation, the Zimbabwe Stock Market (ZSE) has seen a positive trajectory on a month-on-month basis, with the ZSE All Share Index increasing from 33715.26 points on 17

 Apr 19, 2023
Musakanya Takes Over at Access Bank Botswana as New Acting MD

Musonda has spent 15 years in senior managerial roles, which allowed her to develop first-hand knowledge and expertise in the management of client relations, technology, risk management, and overall b

Apr 19, 2023
Turnstar Holdings Releases Trading Statement, Profits and Revenue Remain Steady

Turnstar Holdings Limited (Turnstar) is likely to face a range of challenges that could impact its operations and profitability. One significant factor is the potential for inflation, which could incr

Apr 18, 2023
AH-Vest Limited Reports Slight Increase in Revenue for HY2023

AH-Vest Limited has reported a slight increase in revenue despite facing challenges from load sheddin and increased manufacturing costs. The company has taken steps to mitigate the impact of loadshedd

Apr 18, 2023
Corporate Action Summary

Edgars issued an announcement to Shareholders and other stakeholders about the unanticipated delays in the finalization of the audit process which has necessitated a move to defer the publication of t

Apr 17, 2023

Mashonaland Holdings Revenue Skyrocketed by 97% on Account of MashView Gardens

Mashonaland Holdings, a distinguished real estate investment and development firm, has witnessed a remarkable 308% Compounded Annual Growth Rate (CAGR) in revenue from FY'18 to FY'22. In the financial

Apr 14, 2023

New Indonesian Nickel Indices Could Be a Game-Changer for Bindura Nickel Corp

For Bindura Nickel Corp and other miners outside Indonesia, the new indices could give better insight into price trends and improve their bargaining power with offtakers. Bindura Nickel Corporation is

Apr 14, 2023

Zimbabwe's Tobacco Industry Under Threat: Growers Suspected of Side Marketing

The Zimbabwean tobacco industry, is facing challenges with suspected side marketing by contracted tobacco growers. As a result of this illegal practice, the Tobacco Industry and Marketing Board (TIMB)

Apr 14, 2023

Zambia Approaches Debt-Restructuring Agreement

-Zambia is a step closer to finalizing its long-awaited debt-restructuring agreement with its official bilateral creditors. The nation’s treasury secretary, Felix Nkulukusa, recently announced that th

Apr 13, 2023

Bear-run on VFEX: Investors in despair

The Victoria Falls Stock Exchange (VFEX) has been on a negative trajectory for close to five months now, and has succumbed to a -4% decline since the beginning of the year. This is inverse to the prim

Apr 12, 2023

Africa Capital Markets Update: Performance Variance Analysis

The Nairobi Stock Exchange has earned the unfortunate distinction of being the worst performing African stock market in the first quarter of 2023. So far this year, it has experienced a significant de

Apr 11, 2023

Zimbabwe Targets Self-Sufficiency in Wheat Production Through Increased Hectarage

The Zimbabwean government recently announced its plans to increase the hectarage of winter wheat production by 5% for 2023, compared to last year's 80,388 hectares. This comes as good news for the cou

Apr 06, 2023

Stanbic Bank's Bottomline Soars by 180% for FY’22

Despite the challenging economic landscape, Stanbic Bank thrived in the 2022 financial year posting a profit of $49.9 billion in inflation-adjusted terms, up by 180% from $17.8 billion the prior year.

Apr 04, 2023