Zimbabwe

Zimbabwe

CSAG.ZW Beats The All-Shares Index

Zimbabwe Stok Exchange listed ETF Cass Saddle Agriculture Exchange Traded Fund has published its financial results for the period ending 31 December 2022. The fund which has exposure primarily in the

May 05, 2023
World
Old Mutual Zimbabwe Launches Fintech Business

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 May 05, 2023
Zimbabwe
Elections Update: ZANU Gears for Re-runs, Sikhala Remains Incarcerated despite US$600 Bail

Ruling party, ZANU-PF is set for primary elections rerun on the sixth of May 2023 in three local authority wards in Hwange in preparations for the upcoming general elections while Zengeza West MP, Job

 May 05, 2023
Zimbabwe
Electricity Woes Baffles RioZim

The mining concern listed on the Zimbabwe Stock Exchange, RioZim Limited Zimbabwe says recurrent electricity power cuts in the full year to December 2022 dampened its gold output at Renco Mine, its f

 May 05, 2023
Zimbabwe
Post-Cabinet Briefing: Day 50 of the 100-Day Cycle

The 12th Post Cabinet Press Briefing published on the 2nd of May marked Day 50 in the implementation of priority projects for the 1st 100-Day Cycle of 2023. Cabinet received reports from respective Mi

 May 04, 2023
Zimbabwe
Powerless Profits: Pick n Pay's Margins Plunge Amid South Africa's Electricity Crisis

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 May 04, 2023
Zimbabwe
Zimplats Q1 Performance Plummets

Leading Platinum Group Metals (PGMs) producer, Zimbabwe Platinum Mines Limited (Zimplats), a member of the Amplats Group shared impoverished both production and financial performance for the first qua

 May 04, 2023
Omission of Corrections Rattle Zimbabwe Dollar Performance

Embattled Zimbabwe Dollar continues losing ground against major currencies, particularly the United States dollar due to omission of learned corrections by the treasury central bank and the government

May 03, 2023
The Case of Gold: Output Plunges Amid Ambitious Targets

Zimbabwe’s gold output plunged to 6.2 tonnes in the first three months to March, the latest report by Fidelity Gold Refinery shows. This was a 19.5% decrease from 7.7 tonnes delivered last year. Zimba

May 03, 2023
Econet’s Proposed Rights Offer to Raise US$ 30.3 Million

In a cautionary announcement dated 27 April, the listed company Econet Wireless Zimbabwe Limited (“the company”) detailed its proposed Rights Offer. This comes 20 days after considerations began with

May 02, 2023
Blended Inflation Model Distorting Actual Zim Dollar Inflation Trend, According to Captains of Industry

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 28, 2023

Elections Update: CCC Responds to Candidates Deficit Allegations

Zimbabwe’s main opposition party, Citizens Coalitions for Change (CCC) has dismissed allegations that the party is struggling to have candidate representatives in rural areas for the upcoming 2023 gen

Apr 27, 2023

Zimbabwe's Economic Growth Set to Rise by 6% on the Back of Increased Maize Harvest

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 27, 2023

Lithium Mining Sector Charges Up Amid Strong Demand and Supply Shakeups

According to analysts, lithium demand could triple by 2025 and increase six-fold by 2030. Meeting this demand and achieving price stability will require diversified supply from many new projects world

Apr 26, 2023

Most Insignificant Drop for the Zimbabwe Dollar as RBZ Hints of Gold-Backed Currency

Embattled Zimbabwe dollar dropped -2% against the greenback on the latest Auction Market held on 25th April 2023, from ZWL1000.0227 to 2WL1021.2072, the least depreciation since the year commenced. Th

Apr 26, 2023

African Markets Update: Malawi Stock Exchange Surpasses Zimbabwe Stock Exchange for the Leading African Exchange Market

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 25, 2023

Zimbabwe Introduces Gold-Backed CBDC: Too Little, Too Late?

In this context, the new gold-backed CBDC may seem a promising initiative to restore stability. The RBZ claims Zimbabwe has enough gold reserves to fully back the new digital currency. By pegging its

Apr 25, 2023

Corporate Action Summary

As the policy change in inflation figures continue to weigh on valuations, the duo of clothing retailers, Truworths and Edgars, have announced an extension to the publication date of financial results

Apr 24, 2023

Zimbabwe’s Potential of Reclaiming Bread Basket Status

The breadbasket of a region is a country which, because of the richness of the soil and/or advantageous climate, produces large quantities of grain and other agricultural output. In a recent report fr

Apr 21, 2023