China is the largest consumer of tobacco in the world, with more than 300 million smokers according to World Health Organization data. With China re-opening, we expect to see an increase in the demand
Jan 27, 2023
Although the jury is still out and awaiting US CPI data (which is set to be released on Thursday), the net market perception is geared towards an expectation that The Fed will loosen its aggressive st
Jan 09, 2023
Simbisa Brands Limited and its 567 stores have shipped to Victoria Falls Stock Exchange (VFEX) to become the 6th company on the security exchange. The group views the VFEX as a way of targeting foreig
Dec 12, 2022
The results of the 2022 3rd Quarter Business and Economic Intelligence Survey have been published. This exercise was conducted and circulated by the Confederation of Zimbabwe Industries with the aim
Dec 06, 2022
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
Nov 22, 2022
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
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
Nov 18, 2022
ZSE-listed manufacturing company, ProPlastics Limited (formerly known as Murray & Roberts and Masimba Industries Limited) reported a 10% drop in sales volume across its offering of plastic pipes and r
Nov 15, 2022
14 Countries have expressed clear intentions to join The BRICS. Why Zimbabwe is not on this list has stirred some interest in the local economic community. Given close ties with a majority of the memb
The Zimbabwean delegation has returned to the UN Climate Change Conference. The 2022 COP27 held in Sharp El Sheikh Egypt, shows the nation’s concerted efforts to agree on policies to limit global temp
Nov 08, 2022
The delayed lift-off of the Cygnus spacecraft is finally a go. The flight which was delayed due to a fire alarm at NASA’s Wallops Flight Facility in Virginia, US Spaceport had on board Zimbabwe’s firs
Nov 07, 2022
Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the
First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process
The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the
Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio
WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11% to its year-to-date revenue in a trading update for the period ended 30 Sept
EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa
Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.
NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful
