Markets

Zimbabwe

Trading Halted: Stock Market Comes to a Standstill on Monday

Trading was suspended because investors were trying to grab any shares they could get their hands on in response to the depreciating local currency, against the greenback.

May 16, 2023
Companies
Rare Earth Element Bonanza in Zambia: Prospect Resources secures Option for 51% in prospective REE project

The Kesya Project includes a large-scale exploration license where previous geological mapping and sampling has identified a large rare earth element (REE)-enriched carbonatite intrusion. Rock chip sa

 May 15, 2023
Zimbabwe
Delta Corporation Posts Impressive 60% Increase in Revenue, Delivering Sparkling FY’23 Results Despite Economic Headwinds

Delta Corporation announced sparkling results, overcoming macroeconomic headwinds in Zimbabwe and supply chain constraints to post a 12% increase in beverage volume. Lager beer volume in Zimbabwe swel

 May 12, 2023
World
The Struggle of Zimbabwe's Economy: Fighting for Currency Survival and Basic Needs

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 12, 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
Companies
Zambia Forestry Corp. Delivers Resilient Financial Performance in Challenging Times

The corporation generated a total revenue of ZMW386 million ($21.9 million) from the sale of roundwood and treated poles compared with ZMW366.6 million ($20.7 million) in 2021, representing an increas

 May 10, 2023
World
Strategic Growth and Diversification: Sibanye's Q1 2023 Performance and Key Projects in Zimbabwe and Europe

One of the key projects that Sibanye is advancing is the Keliber lithium refinery project in Europe. The construction of the refinery commenced in March 2023, and the project is set to supply regional

 May 10, 2023
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
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

Egypt's Armed Forces-Owned Companies Forge Ahead with 10 New Offerings on Stock Exchange Despite Falling Market

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 02, 2023

GetBucks Microfinance Exhibits Robust Growth in Total Income, yet Faces Challenges in Profitability and Asset Quality

GetBucks Microfinance Bank’s net interest income increased by 62% from ZWL220 million in 2021 to ZWL399 million in 2022. This shows that the bank's lending activities grew significantly during the yea

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

Zimbabwe's Economic Growth Set to Rise by 6% on the Back of Increased Maize Harvest

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 27, 2023

'Unleash Business Growth and Forge Global Partnerships at Zimbabwe's International Trade Fair 2023'

The Zimbabwe International Trade Fair (ZITF) is one of the largest intra-regional trade fairs south of the Sahara and a major opportunity for local businesses to boost trade, connect with new partners

Apr 25, 2023

Zimbabwe Introduces Gold-Backed CBDC: Too Little, Too Late?

In this context, the new gold-backed CBDC may seem a promising initiative to restore stability. The RBZ claims Zimbabwe has enough gold reserves to fully back the new digital currency. By pegging its

Apr 25, 2023

Homebuyers in Limbo as Agri-Firm CFI Holdings’ Housing Project Stalls

The diversified agricultural conglomerate, CFI Holdings Ltd, has allegedly failed to allot residential plots nearly a decade after marketing them to prospective homeowners for its Suncrest Park develo

Apr 24, 2023

Corporate Action Summary

As the policy change in inflation figures continue to weigh on valuations, the duo of clothing retailers, Truworths and Edgars, have announced an extension to the publication date of financial results

Apr 24, 2023