inance and Economic Development Minister, Professor Mthuli Ncube revealed that a tight monetary and fiscal policy stance will remain as the government tries hard to battle inflation. In a statement
Nov 28, 2022
Zimbabwe's merchandise exports continue to narrow down the undying trade deficit with the latest skyrocket of 11.9% recorded during month of September . That has seen off the nation's trade deficit by
Agriculture continues to be perceived as the nation’s way out of the poverty trap. With the sector's estimated forecast decline of negative 14% in 2022, the forecast growth figures for 2023, 2024, and
Harare- Zimbabwe Stock Exchange (ZSE)-listed diversified investment outfit, Meikles Zimbabwe Limited has posted strong financial results across all units despite having encountered setbacks from the a
ZSE-listed hospitality service provider, Rainbow Tourism Group’s (RGT) revenue grew 309% to ZW$21.4 billion, up from ZW$5.2 billion in the comparative period prior year as hotel room occupancy more th
Harare – Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of agriculture, mining and construction implements, Zimplow Holdings, posted an 11% increase in revenue for the third quarter en
Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of roofing and building materials, Turnall Holdings, recorded a 13% increase in revenue in inflation-adjusted terms and a 282% surge in h
According to the International Monetary Fund, other economies are also having difficulties (IMF). However, in terms of economic growth, the UK ranks last within the G7 group of advanced industrial
According to a cabinet minister, just 50% of Zimbabweans have access to the internet, which worsens and maintains existing economic and social exclusion. Even though internet usage has been rising and
The Reserve Bank of Zimbabwe (RBZ) has introduced a Collateral Registry as it moves to enhance financial inclusion and increased access to finance through expanding the range of qualifying collateral
The loan-to-deposit ratio (LDR) has remained relatively low for the past three years for Zimbabwean commercial banks averaging 45 percent over the period against an international threshold level of 70
ZSE-listed rubber and chemicals manufacturer, General Belting Holdings Zimbabwe Limited lamented the operating environment which continues to be tough, despite government reiterating about growth pro
ZSE-listed concern, Border Timbers’ revenue grew 23% to ZW$2.2 billion, up from ZW$1.8 billion in the comparative period prior year despite volumes sold and production volumes for poles paring 68% and
Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production
Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for
With a greater capacity to access US dollars with a "dollarized" financial sheet, National Foods will be better able to raise cash. The potential for the VFEX to develop into a regional exchange incre
Stanbic Bank is this month celebrating 30 years of service provision which has seen the leading financial services institution contributing significantly to the socio-economic growth of Zimbabwe and t
The Bakery Division experienced a marginal drop in comparison to the comparative quarter. This was propelled by the Russia-Ukraine war which made global wheat prices surge. Recently prices of wheat ha
Tobacco Processor, BAT Zimbabwe's financial performance for the nine months ending 30 September was severely influenced by a lack of local currency, which was exacerbated by the government's stringent
