Amalgamated Regional Trading Holdings Limited (ART Holdings) has witnessed a decline in volumes across its main categories, with the exception of the Eversharp and estates divisions. This decline was
Aug 21, 2023
Gold prices started the week on a downward trend remaining below the US$1900 per ounce mark and approaching their lowest levels in the past five months as investors brace themselves for the annual gat
Willdale Limited, a brick maker in Zimbabwe, has reported robust revenue growth of 83% to ZWL 20 billion during the nine months leading up to June 2023, despite the challenges posed by exchange rate d
Aug 17, 2023
As the elections period draws closer, the Zimbabwe dollar has encountered its third consecutive session of losses against the US dollar. On the latest wholesale RBZ-governed auction market, the curre
Sugar producer, Hippo Valley Estates witnessed a 10.6% decrease in production to 57,427 during the first quarter ended 30 June 2023. This decline was attributed to delayed deliveries by farmers due to
Aug 16, 2023
Ariston Holdings, a prominent agricultural Group, has successfully concluded a solar project commissioned in July to mitigate the impact of power challenges on production costs and output. The decisio
Russia's budget deficit widened by a significant margin in the first seven months of 2023, reaching a record-breaking RUB 2.817 trillion. This marked a substantial swing from the surplus of RUB 557 bi
Aug 11, 2023
In the realm of platinum group metals (PGMs), Zimplats Holding Limited, a distinguished industry frontrunner has reaped benefits involving the commissioning of the third concentrator during the first
Nampak Zimbabwe Limited, a distinguished entity listed on the Zimbabwe Stock Exchange (ZSE), has maintained profitability in the 9 months to June 2023 despite facing power and supply constraints chal
Tanganda Tea Company, a company listed on the Zimbabwe Stock Exchange (ZSE), has faced significant challenges in its production across key categories, attributed to a combination of natural and macro
GetBucks Bank, a prominent financial institution in Zimbabwe, is considering the termination of its listing on the Zimbabwe Stock Exchange (ZSE) as it believes maintaining the listing on the ZSE is p
Aug 10, 2023
On the RBZ-governed Auction Market, the Zimbabwean dollar experienced a negative performance, marked by a 0.4% depreciation on August 8th, taking it to two straight sessions of depreciation. The curre
Aug 09, 2023
PPC, a leading company in the cement and materials industry, has announced the successful completion of an equity transaction that aims to benefit qualifying employees working for its subsidiaries in
Aug 08, 2023
After an extended period of approximately 15 months, during which the Republic of Zimbabwe assumed a shrouded veil of neutrality which the global community might now say deceptive in response to Russi
Aug 07, 2023
National Tyre Services (NTS) has concluded its fiscal year 2023 with a substantial loss of ZWL577 million, representing a stark reversal from the prior year's profit of ZWL208 million. This significa
South Africa's foreign exchange reserves soared to an unprecedented US$62.21 billion in July 2023, surpassing the previous month's figure of US$61.55 billion and exceeding market predictions of $61.63
Tigere, a distinguished ZSE-listed real estate investment trust, is poised to complete its Highland Park Phase 2 undertaking in Q4 2023 indicating another noteworthy milestone in the company's propert
Aug 03, 2023
The Zimbabwe dollar has witnessed its first depreciation during the first trade in August after a period of five consecutive weeks of appreciation against the US Dollar according to the latest data fr
Aug 02, 2023
Preeminent retailer, OK Zimbabwe Limited, has once again deferred the announcement of its full year results, which were originally slated to be released on or before 31 March 2023, and were subsequent
Aug 01, 2023
On July 28th, the Central Bank issued a circular outlining the resolutions reached during the monetary policy meeting held on that day to evaluate the efficacy of recent policy interventions implement
Zimbabwe’s year-to-date gold deliveries have risen to 15.8 tonnes, the highest on record according to the latest data from Fidelity Gold Refinery (FGR). This was despite May deliveries decreasing by
TN CyberTech Bank Limited, formerly known as Steward Bank, is set to become Zimbabwe’s first neobank, according to EcoCash Holdings’ latest full-year financial statement for the year ended 28 February
Debswana Diamond Company, a 50-50 joint venture between the Botswana government and De Beers, has temporarily halted production at its Jwaneng Cut 9 and Orapa mines, following earlier suspensions at t
RioZim, once Zimbabwe’s preeminent gold producer, has faced a precipitous decline, with 2024 financial losses escalating to ZWG 628.5 million, a sixfold increase from ZWG 107.7 million in 2023. Gold
Zimbabwe has faced persistent challenges with its currency, from hyperinflation to repeated monetary reforms. The introduction of the Zimbabwe Gold (ZiG) currency represents the latest attempt to stab
Tanganda Tea, a company listed on the Zimbabwe Stock Exchange, has partnered with Global Trade-Link BV, a consultancy from the Netherlands, to open an avocado oil extraction plant at its Tingamira Est
The Zimbabwe Energy Regulatory Authority (ZERA) has decreased diesel prices for June from May prices in US dollar terms. Diesel prices went down by 1% from US$1.52 in May to US$1.50 per litre in June
Less than two years after its ambitious acquisition of Food Lover’s Market franchises, OK Zimbabwe Limited, the country’s largest retailer by store count with over 70 branches, is set to close its pre