World

World

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
World
Tharisa's Operational and Market Updates: Karo Resources' Development and Zimbabwe's PGM Potential

Tharisa, the South African chrome and platinum group metals (PGM) miner, recently announced its operational and market updates for the second quarter of its financial year. The company's CEO, Phoevos

 Apr 14, 2023
World
Zambia's Copper Exports to China: Navigating the Impact of China’s Reduced Imports

Zambia is Africa's second-largest copper producer, with the metal accounting for around 70% of its export earnings according to Reuters. China has been one of the primary markets for Zambian copper, a

 Apr 14, 2023
World
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
World
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
World
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
World
Zimbabwe's Lithium Export Ban Sparks Stockpiling and China Price Floor Agreements: What's Next for the Global Market?

imbabwe, a country with significant untapped lithium resources, recently implemented an export ban on lithium ores, with only a few players exempted from the ban. This move by the Zimbabwean governmen

 Apr 06, 2023
ZHL Sustains Profitability Despite Unprecedented Reinsurance Claims

The Group posted an inflation adjusted total income of ZWL39.5 billion, which is a 9% surge from ZWL36.3 billion recorded in the prior year. The growth was attributed to an overall positive investment

Apr 05, 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
African Capital Markets Update: Positive Outlook Despite Contrasting Performance - Challenges Ahead

In the past week, the All-Share Index rose 7.59%, ranking the best performing stock market in Africa. The bourse registered growth on the back of a remarkable 17% surge in the Utilities sector, primar

Apr 04, 2023
Hwange Unit 7 to Relieve Pressure on Electricity Imports

Hwange Unit 7 power output first achieved full capacity of 335Mw at 09:27, 30th March 2023. Since that time, the combined output of all the power plants has exceeded 950Mw. Last week, the Kariba South

Apr 03, 2023

Vietnam's First Quarter Slack Opens Regional Opportunities

Vietnam is a significant player in the cement industry and its production capacity is of concern to smaller players such as Zimbabwe and other African players. In 2021 it, along with Turkey, was one o

Apr 03, 2023

Realization of a New Model for Large Organizations Facing Breakup Pressures

Companies that compete with newly public companies may run the risk of adopting the approach. Investors moving into the new standalone entities may cause a decline in demand for shares of purer plays

Apr 03, 2023

The Fall of Babylon? Aftermath of Possible Greenback’s Crush

The United States of America (USA) has for centuries managed to position its currency, United States dollar as the currency of global trade. However, the greenback is facing a multitude of headwinds f

Mar 30, 2023

FCB’s Non-funded Income Dominated Revenue Generation in FY22

First Capital Bank’s non-funded income dominated revenue generation for the firm in the 2022 financial year as the bank posted real growth in terms of non-funded income by 44% with the non-funded to t

Mar 28, 2023

Zimbabwe Takes the Lead as Chair of African Diamond Producers Association

-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha

Mar 24, 2023

Biden's Economic Report Criticizes Cryptocurrencies For Lacking a Fundamental Value

The report made no recommendations for immediate action. Regulators, though, don't require a starting pistol. Some agencies, including the Securities and Exchange Commission, have already begun taking

Mar 24, 2023

Volatility Yields: ZSE Investors Take Home Almost 50% US$ Gains

The highly volatile financial market, Zimbabwe Stock Exchange (ZSE), has once again emerged the best performing bourse in Africa on a year-to-date basis, in US$ terms. As at the 21st of March, 2023, t

Mar 22, 2023

TSL Revenue Soars as Expansion Initiatives Pay Off

TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th

Mar 21, 2023