Zimbabwe

World

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
Zimbabwe
Elections Update: 3 days left for Election Registration Blitz

Zimbabweans are left with three days to register for the upcoming 2023 general elections after the e3lections body, ZEC extended the registration date to 26 March 2023. This followed technical proble

 Mar 23, 2023
Zimbabwe
South Africa Beats the Odds: Inflation Surges Higher Than Expected In February

South Africa's headline consumer inflation has risen slightly higher than expected in February, according to data released by Statistics South Africa. Year on year, inflation grew by 7.0% from 6.9% in

 Mar 23, 2023
Zimbabwe
Cabinet Review: A Step Towards Joining BRICS+

The acting Minister of Foreign Affairs informed the nation that he held a meeting with the Minister of External Affairs and Education of India on the sidelines of the United Nations Conference on Leas

 Mar 22, 2023
World
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
Zimbabwe
Zim Dollar Depreciation Rate Wanes Despite a Blooming PMR

Embattled local currency, Zimbabwe dollar (Zim dollar) has recorded its most insignificant drop since the beginning of the year on the RBZ-governed Auction Market.  On the latest Auction Market held

 Mar 22, 2023
Zimbabwe
Reality or Rhetoric: President Vows to Defend First-Ever Peaceful, Undisputed Election

President for the Republic of Zimbabwe, Cde Emmerson Mnangagwa has assured the business community and the citizens that peace will prevail in the upcoming elections amid fears of a possible violence a

 Mar 22, 2023
Silver Bullet for Zim Companies: Co-Working Model

he central business area (CBD) of Harare is losing businesses due to high rents, parking fees, and the bad condition of several buildings. As a result, many small and medium-sized businesses are now o

Mar 21, 2023
African Markets Update: Unlocking the Mystery of Third World Economies' Record Stock Exchange Results

The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark

Mar 21, 2023
ZB Financial Holdings Secures a Controlling Stake in Mashonaland Holdings

Zimbabwe Stock Exchange-listed financial outfit, ZB Financial Holdings (ZBFH) has increased its investment portfolio by increasing its stake in ZSE-listed Mashonaland Holdings. ZBFH says it now holds

Mar 20, 2023
Forex Backlog Dampens Axia’s Restapedic Efficacy

The diversified retailer listed on the US dollar denominated bourse Victoria Falls Stock Exchange,  Axia Corporation Limited has succumbed to delayed disbursement of foreign currency on the auction ma

Mar 20, 2023

E-Livestock Global in Zimbabwe Sets Out Ambitious Expansion Aspirations For its Agri-Focused Data Platform

The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geo

Mar 20, 2023

First Capital Bank ducks ZSE, eyes VFEX

Harare - FIRST Capital Bank Limited has announced plans to delist from the Zimbabwe Stock Exchange with the intention to list at the Victoria Falls Stock Exchange (VFEX). The recent removal of the 100

Mar 20, 2023

CORPORATE ACTION SUMMARY

CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the

Mar 20, 2023

The Jewel of Africa: How Zimbabwe Can Usher in a Gargantuan Economic Boom

To attract cell manufacturers, the government should establish a fast-track process for permitting and land leasing; make loans, grants, and guarantees to overcome capital limitations; and encourage a

Mar 20, 2023

Sibanye’s PGMs Production Succumbs to Machine Breakdown

The diversified mining corporate, a parent company to Mimosa mine in Zimbabwe Sibanye Stillwater’s 2023 PGMS production in Montana will halt for four weeks after the western mine succumbed to a machin

Mar 20, 2023

Interbank Depreciation Rate Subsides

The ZWL has continued to depreciate against the United States Dollar (US$) in each respective trading session this year. However, the magnitude of exchange loss has since marginalized.

Mar 17, 2023

Oil Price Surge Crushed After US and Swiss Banking Crisis

Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti

Mar 17, 2023

Weekly Cabinet Review: Breaking Down the Progress of NDS1

In the fifth post-cabinet press briefing an update on the country‘s Response to the COVID-19 Pandemic was received which reported that 1 death was recorded during the week under review, compared to th

Mar 16, 2023