Zimbabwe

Zimbabwe

Elections Update: Elections to Proceed as Court Throws Mwonzora's Bid under the Bus

Zimbabwe’s harmonised elections set for 2023 will proceed after the High Court nullified Douglas Mwonzora’s bid to nullify the delimitation report released by ZEC in February this year.  Delimitation

May 11, 2023
Zimbabwe
First Capital Bank seeks to sweat assets by targeting public service

The promotion is just one of a range of activities that First Capital Bank is offering to unlock value in the new term. In 2022, the Bank invested heavily in revamping its digital platforms, and custo

 May 11, 2023
Zimbabwe
ZimStats Survey Reveals Agriculture, Mining, and Retail as Top Contributors to Zimbabwe's Economy

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 11, 2023
Zimbabwe
Takealot’s Mr D drives Pick n Pay sales

South Africa’s 2nd largest retailer Pick n Pay said its online sales volumes significantly soared after hopping onto the Mr D’s delivery app. The company achieved total online sales growth for the yea

 May 11, 2023
World
Gold Performance Review: Shining Prospects or Lurking Perils?

The outlook for gold in 2023 is dominated by investment, with healthy upside expected this year. The picture for fabrication (jewellery and technology) is more muted. Furthermore, robust central bank

 May 08, 2023
Zimbabwe
From Losses to Lessons: Zimplow's 2022 Journey Towards Growth and Resilience

Zimplow Holdings Limited, which is set to list on the Victoria Falls Stock Exchange (VFEX) after announcing its intention to delist from the Zimbabwe Stock Exchange (ZSE), weathered a turbulent year i

 May 08, 2023
Zimbabwe
Corporate Action Summary

In the week under review, Caledonia Mining Corporation announced the retirement of Leigh Wilson from his role as Director and Non-Executive Chairman of the Company. He became Chairman in May of 2013,

 May 08, 2023
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
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
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
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

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

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

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

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