Sectors
World
Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop
MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion MetBank's profitability was primarily driven by a fair value gain on investment prop
Oct 07, 2023
Markets
De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment
De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre
Oct 06, 2023Insuring Zimbabwe's Future : Short-Term Coverage Vital for Business Stability and Investment Growth
Zimbabwe has a low insurance penetration rate of 2.6% Potential impact of El Niño and the need to strengethen the insurance sector in the country The GPW surged by 263%, rising from ZW$7.49 billion to
Sep 11, 2023Platinum Deficit Forecast for 2023 Reaches Record High, Signalling Opportunities for Zimbabwe
This presents a unique opportunity for countries like Zimbabwe, which has seen a slight increase in platinum supply amid challenges faced by other major producers. Zimbabwe exports nickel mattes large
Sep 06, 2023
Sugar Rush: Hippo Valley Estates Rides Wave of Rising Revenues Despite Turbulent Economic Tides
Harare - Hippo Valley Estates Limited, a sugarcane grower and sugar producer, recently unveiled its trading update for the first fiscal quarter ended June 30, 2023. The company's financials reveal
Aug 17, 2023Lucara Diamond's Latest 1,080-Carat Discovery Boosts Botswana's Diamond Revenue Prospects
The 1,080.1 carat diamond, measuring an impressive 82.2 x 42.8 x 34.2mm, is a Type IIa top white gem of exceptional quality. Discovered in the Coarse XRT unit at Karowe, the diamond was obtained throu
Aug 09, 2023