Zimbabwe

Zimbabwe

Zimbabwe and Belarus Strengthen Economic Ties Through Government and Private Sector Partnerships

The governments of Zimbabwe and Belarus have taken steps to strengthen their engagement and foster trade between their private sectors after Minister of Foreign Affairs and International Trade, Honour

Mar 31, 2023
Zimbabwe
Willdale Expects Improved Electricity Supply to Resuscitate Sale Volumes

Willdale Expects Improved Electricity Supply to Resuscitate Sale VolumesThe demand for bricks for housing development and various infrastructural projects remains high. A sustainable financing model f

 Mar 30, 2023
Zimbabwe
Cabinet Briefing: A Review of the Second Republic’s Progress

The highlight economic topic in the cabinet press briefing dated 28 March 2023, was Joram Gumbo’s presentation of the projects that had been implemented by the Second Republic during the period 2018 t

 Mar 30, 2023
Zimbabwe
South Africa's Insurance Market in Turmoil: Reinsurance Rates Soar, Power Grid Collapse Looms

South Africa's insurance market, once considered the most developed in Africa, is facing serious challenges due to rising reinsurance rates, which are outstripping the global trend. Claims pay-outs fr

 Mar 30, 2023
Zimbabwe
Tigere Outshines the Properties Industry

The Tigere Real Estate Investment Trust (REIT), which listed as the first ever REIT on ZSE last year, reported a positive financial performance in the 2-months to 31 December 2022. The REIT listed on

 Mar 29, 2023
Zimbabwe
Embattled Zim Dollar Sheds 85%

Under-fired Zimbabwe dollar has widened year-to-date losses loses by a record 85%, from ZWL142.4237 on the 29th of March 2022 to ZWL928.5887 on the 28TH OF March 2023. Month-to-date losses have widene

 Mar 29, 2023
Zimbabwe
African Capital Markets Update:The Remerging Bond Markets

he Mozambique bond market has re imaged after a successful bond issuance with the results of the public hearing held on March 21, 2023, at the Mozambique Stock Exchange. These bonds generated a high d

 Mar 28, 2023
The Case for Equity Financing

The three major sources of corporate financing are retained earnings, debt capital, and equity capital. Debt capital has been restricted by the tight monetary policy environment which continues to str

Mar 27, 2023
US$1bn Floating Solar Farm In Kariba Proposed by Chinese Firm

Due to low water levels and insufficient ability to generate enough electricity to fulfil demand, Zambia now has a deficit of electricity. To prevent a power catastrophe, according to Hichilema, the n

Mar 27, 2023
CORPORATE ACTION SUMMARY

Border Timbers held Annual General Meetings, individually, for the years from 2018 to 2022 as the company was under judicial management. For the years 2018 to 2021, shareholders passed the resolution

Mar 27, 2023
Diversification Payoffs: Axia sails through anaemic economies

Diversified retailer, Axia Corporation Limited engulfed a volatile economic environment within Zimbabwe and its regional branches to post a 44% revenue uptick to ZWL75.6 billion and finally, a whoppin

Mar 27, 2023

The Implications of Gold Smuggling in Zimbabwe

In what could be a twist of fate, an investigative unit under Aljazeera uncovered atrocities being done by the government of Zimbabwe in the gold industry, in a documentary that was aired on the 23rd

Mar 24, 2023

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

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

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

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

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

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

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