Zimbabwe

World

Gold Price Drops as Stable US$ Dulls Appeal, Zim to Leverage Gold Reserves for Growth

The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv

Apr 29, 2024
Zimbabwe
ZiG Notes Rollout: Government Sets Withdrawal Limits

Zimbabwe's central bank, the RBZ, has announced the withdrawal limits for the new currency, Zimbabwe Gold (ZiG), which will enter circulation on April 30, 2024. To ensure a controlled initial rollout

 Apr 29, 2024
Zimbabwe
ZiG Holds Ground on Formal Market

Zimbabwe's latest introduced gold-backed currency, the Zimbabwe Gold (ZiG), has demonstrated stability on the official market since its inception, maintaining its value for almost a month. On the 26th

 Apr 26, 2024
Zimbabwe
Corporate Action Summary

The Board of Directors of First Capital Bank declared a final dividend of US$ 0.22 cents per share for the period ended 31 December 2023. The dividend will be paid on or about the 10th of May, 2024, t

 Apr 22, 2024
Zimbabwe
Recipe for Failure: Government Implements Coercive Monetary Policy

The Zimbabwean Government's introduction of the Zimbabwe Gold (ZiG) currency has shown initial signs of stability and acceptance in the business community. Initially trading at US$1: ZiG13, the ZiG h

 Apr 22, 2024
Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

 Apr 18, 2024
Zimbabwe
Corporate Action Summary

General Beltings Holdings Limited announced that it sought and was granted by the Zimbabwe Stock Exchange (ZSE) the authority to delay the publication of its Audited Financial Results for the year end

 Apr 15, 2024
Zimbabwe to Ensure Smooth Online Payments from Friday

In a circular released by the Reserve Bank, John Mushayavanhu, the Governor of the Central Bank, has announced that all online payment platforms will operate smoothly for all transactions starting fro

Apr 09, 2024
Central Bank Slashes Interest Rates from 130% to 20% to Boost Economy

Interest rates have been drastically reduced from 130% to 20% by the Central Bank, RBZ, as stated in the latest Monetary Policy Statement released on April 5, 2024. This decision comes after the cent

Apr 09, 2024
Zimbabwe’s Currency Gamble: A Golden Opportunity to Revive the Economy?

imbabwe took a bold step on April 5th, 2024, by introducing a new currency called ZiG, which stands for Zimbabwe Gold. In a similar manner to the previous Bond Notes issued by John Panonetsa Mangudya,

Apr 09, 2024
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) Limited Depository announced a change in functional currency on the ZSE, which will be implemented effective 08 April 2024 in light of the new structured currency (Zi

Apr 08, 2024

Starlink Faces Price Hurdle in Zimbabwe as Telecom Operators Seek Relief

TOAZ casts doubt on the suitability of low-earth-orbit (LEO) satellite systems, popularized by firms like Starlink, as a broad solution for Zimbabwe.  The association says high costs are likely to lim

Apr 04, 2024

FBC Holdings Shatters Records with Over 1 Trillion in Total Income, Circa 500 Billion in Profit

FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in

Apr 03, 2024

Corporate Action Summary

Fidelity announced that, after being deliberations with the Zimbabwe Stock Exchange (ZSE), the Financial Statements for the year ended 31 December 2023 will be published on or before the 30th of April

Apr 02, 2024

Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) announced the trade halt of Truworths Limited shares on the bourse effective 07 March 2024 after the Company applied for voluntary suspension of its securities from t

Mar 11, 2024

Zimbabwe's Platinum Production Surges, Unki Bolsters Performance in Q4

Amplats Harare- Zimbabwe has achieved a remarkable milestone in its platinum production, with quarterly output reaching an unprecedented high of 133,000 ounces (koz), representing an estimated 8% yea

Mar 11, 2024

Truworths Succumbs to Informal Traders, Seeks Recapitalization

Truworths Zimbabwe Limited published the set of financial results for its full-year ended 09 July 2023 almost 8-months later on the 1st of March 2024. The results reflected a sharp decline in volumes

Mar 06, 2024

AB InBev Demonstrates Strong Growth in South Africa

AB InBev, the leading global brewer, has experienced significant expansion in its operations in South Africa and Africa. This growth can be attributed to the company's strategic focus on capturing mar

Mar 05, 2024

Zimbabwe Grapples with Soaring Inflation

In response to the inflationary challenges, it is expected that the Reserve Bank of Zimbabwe (RBZ) will continue to implement strict monetary policies aimed at achieving stable inflation. These polici

Mar 04, 2024