Markets

Zimbabwe

Resilient Performance Amidst Turbulent Times for Seed Co International

Revenue growth of 17% to US$103.5 million, underpinned by a 20% increase in maize seed sales volumes Gross profit edged up 15% to US$46 million, as the company strived to minimise input cost pressures

Jul 26, 2023
Zimbabwe
Corporate Action Summary

Turnall Holdings Limited announced the appointment of Mrs. Constance Chakona and Mr. Desai as Non-Executive Directors of the Company with effect from 01 August 2023. Constance is a Chartered Accountan

 Jul 24, 2023
World
Datvest: Withstanding hardships yet optimistic about the potential for future gains

Datvest ETF offers exposure to leading consumer staples counters  After running for 10 months inflation-adjusted losses hit ZWL$343 million Datvest remains in a robust position, with ZWL$328 million i

 Jul 24, 2023
Zimbabwe
Unpacking the Subtext: ZSE Creates A REITS Association

The Zimbabwe Stock Exchange (ZSE) has established the Real Estate Investment Trusts (REITs) Association of Zimbabwe (ZIMREIT) with the main objectives of promoting the growth of the REIT market, educa

 Jul 21, 2023
Zimbabwe
Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

 Jul 17, 2023
World
US Dollar Languishes as Fed Bets Turn Dovish

The US dollar index saw a nosedive on Friday, falling below 100 and hitting its lowest levels in over a year. The decline comes amid indications that US inflation is on a downward trend, sparking hop

 Jul 14, 2023
Companies
Choppies' Kamoso Acquisition to Boost Liquor Sales, Hardware Growth and Supply Chain Efficiencies

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

 Jul 12, 2023
Namibia's Great Green Gamble: Hydrogen Fuels Vision 2030 and Beyond

Harare - Namibia aims to leapfrog carbon-intensive industrialization in favor of a low-carbon future driven by green hydrogen. As the global community embraces sustainable energy, Namibia seeks to cap

Jul 11, 2023
China's Sluggish Demand: A Concern for Global Markets?

China’s factory-gate prices recorded their fastest fall in seven and half years in June while consumer inflation was at its slowest since 2021. The producer price index marked its steepest decline sin

Jul 10, 2023
Corporate Action Summary

Padenga issued a Cautionary Statement on the 7th of July, 2023, further to the statement issued on the 16th of June, advising stakeholders that the company is still in negotiations on the re-organizat

Jul 10, 2023
Zimbabwe's 2022 GDP Growth Exceeds Expectations, Driven by Agriculture and Mining

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

Jul 04, 2023

New Bill Set to Overhaul Namibia’s Banking System

Harare - The Namibian government has introduced a new Banking Institutions Bill to revamp the country’s banking regulatory framework. The current Banking Institutions Act of 1998 has been deemed outda

Jul 04, 2023

Corporate Action Summary

Caledonia Mining Corporation PLC announced that on the 23rd of June, 2023, BlackRock Inc crossed a threshold of notification with an interest in excess of 3% of Caledonia’s issued share capital. The U

Jul 03, 2023

Hippo Valley Estates Limited granted 99-year leases for land in Zimbabwe's Lowveld

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

Jun 30, 2023

Zimbabwean Dollar Surges Significantly for the First Time Boosting Prospects for Currency Stability

The Zimbabwean Dollar (ZWL) experienced a significant appreciation of 9% on the Reserve Bank of Zimbabwe (RBZ)-governed Foreign Exchange Auction Market, marking its first notable gain since the reintr

Jun 28, 2023

Persistent Currency Volatility Triggers ZSE to Review Charges by 900%

The Zimbabwe Stock Exchange (ZSE) has revised its minimum transaction thresholds for ZSE Direct due to the persistent currency depreciation in the country. The latest depreciation recorded was a doubl

Jun 26, 2023

Corporate Action Summary

CBZ Holdings Limited announced that it will hold the 31st Annual General Meeting (AGM) of its shareholders on Friday, the 21st of July, 2023, at 1600 hours via the virtual platform, https://polling.ft

Jun 26, 2023

Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w

Jun 26, 2023

ZWL Appreciates Against US$, Prospects of Currency Stability

The local currency, ZWL, appreciated against the United States Dollar (US$) for the first time this year on the 22nd of June, 2023, on the interbank market. The local unit firmed by a staggering 1.26%

Jun 22, 2023