FBC Holdings, the fourth-largest bank by loan book in Zimbabwe, has completed the takeover of Standard Chartered Bank Zimbabwe (Stanchat). FBC plans to transform the acquired business into a powerhous

Embattled loss-making company RioZim, once a renowned gold producer, has suffered a staggering full-year 2023 loss of ZWL95.8 billion, up significantly from ZWL20 billion the previous year as the comp

Innscor Africa Limited, a blue-chip firm listed on the Zimbabwe Stock Exchange (ZSE) and the largest food processor in the country, has reported a 23% contraction in the performance of its downpacked

Trading loss shoot to ZWL46 billion from ZWL36 billion in trading profit Operating loss of ZWL81 billion from an operating profit of ZWL38 billion However, it achieved an after-tax profit Harare- In a

he Central Bank of Zambia hiked its benchmark interest rate by 100 basis points to 13.5% during its regular meeting on the 15th of May 2024. This represents the highest interest rate since April 2017.

imbabwe Gold (ZiG) has sustained stability after gaining 1% on the formal market (FM) rate, which is being pegged by the government. The ZiG traded at ZiG13.3976 on May 17, 2024, from ZiG13.5326 in th

National Foods, the largest food manufacturing and distribution company in Zimbabwe, has expressed concerns about the challenges posed by the government's continuously evolving policy landscape durin

ZB Financial Holdings, a diversified financial arm listed on the Zimbabwe Stock Exchange (ZSE), has surpassed ZWL2 trillion in total income within a three-month period setting the full-year 2024 fisca

Following a remarkable 30% increase in revenue during the first quarter to March 2023, with 74% of rental income in US dollars, Mashonaland Holdings has set its sights on a new target, the completion

Dairibord Limited, Zimbabwe's largest milk processor, experienced a significant surge in US dollar sales, with an 85% increase during the first quarter of 2024, which ended on March 31. This growth c

Zimbabwe's economic landscape is currently dominated by discussions surrounding the introduction of a new currency called Zimbabwe Gold (ZiG), which the government claims is backed by gold and US doll

As gold continues to consolidate its significance not only due to its safe haven status amidst geo-economic global fragmentation but also its heightened relevance as Zimbabwe embraces ZiG, a gold-back

Caledonia Mining Corporation, the second-largest gold producer in Zimbabwe, has experienced a significant increase in monetary losses due to the rapid depreciation of the local currency during the Jan

Edgars Stores Limited, the largest clothing retailer, has announced a delay in the publication of its audited results for the 52-week period ended 7 January 2024, as stated in the company's latest cir

The introduction of the ZiG currency in Zimbabwe's ongoing currency struggle has been met with a wave of pessimism, much like its predecessor, the Zimbabwe Dollar. In just a month since its inception,

The currency crisis in Zimbabwe remains a significant concern, with Zimbabwe Gold (ZiG) facing potential premature failure. We closely monitor the performance of ZiG against the US dollar on both the

he United Nations has launched a humanitarian appeal for US$429 million to address the severe hunger crisis affecting an estimated 7 million Zimbabweans, approximately half of the country's population

Zimbabwe is facing a dire agricultural crisis as the Ministry of Agriculture reports an estimated staggering 70% decrease in maize harvest for the farming season 2023/2024 compared to the previous sea

General Beltings Holdings, a manufacturer and distributor of conveyor beltings, rubber, and chemical products, experienced a significant decline in profitability in the fiscal year 2023. The company r

AFC Commercial Bank, one of the leading Commercial banks in Zimbabwe, has partnered with Intellect Global Consumer Banking (IGCB) to modernize its banking operations by implementing an Intellect Digit