Markets

World

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
Zimbabwe
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
World
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
World
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
Zimbabwe
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
Zimbabwe
Conflict Brewing: CZI and ZETDC Face-off as Power Charges Surge

The Confederation of Zimbabwe Industries (CZI) has suggested that US dollar electricity billing should be adjusted according to the ratio of foreign currency sales, as businesses have different mixes

 Mar 16, 2023
World
The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

 Mar 15, 2023
Banking Sector: ZSE vs Global Shares

The banking sector has come under scrutiny globally, with the listed biggest banks in the world recording a bloodbath from the prior week to date. However, the banking stocks on the Zimbabwe Stock Exc

Mar 15, 2023
African Markets Update-NGX's Roar Through SVB's Dark Night

The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall

Mar 14, 2023
TIMB Preying on Farmers' Harvest to Settle Their Previous Debts

The Tobacco Industry and Marketing Board (TIMB) has issued an order to merchants to deduct any money owed by farmers from two years ago, following the opening of the floor with an estimated 8.5% incre

Mar 10, 2023
CTC Applauds Government's 'Game-Changing' Mergers for 2022

The Competition and Tariff Commission (CTC) reported an impressive 24 merger deals worth a total of US$1 billion in 2022, directly attributing the figure to the government's policies that encouraged a

Mar 09, 2023

AXIA Debuts on VFEX, Buttresses Market Capitalization

Axia Corporation Limited debugged on the Victoria Falls Stock Exchange (VFEX) on Monday, the 6th of March, 2023. This follows the delisting of the counter from the Zimbabwe Stock Exchange (ZSE) on the

Mar 08, 2023

Platinum Giant Impala Prays for Shareholder Uplifting in Horizontal Merger

-Impala Platinum is awaiting the decision of its major shareholder, South Africa's Public Investment Corporation (PIC), which is faced with two choices regarding the acquisition of platinum group meta

Mar 03, 2023

Commodities Perspective Corner: Juicy Profits Trimmed! Dive into the World of Citrus Exports

According to Zimtrade, the new requirements that have been put in place by EU are meant to protect consumers and prevent the spread of the False Codling Moth (FCM) into the Union. The EU enacted a reg

Mar 02, 2023

Rand Gains 1% against US Dollar on Boost from Chinese Data Release

The South African Rand regained value against the US dollar on Wednesday, March 1st, as data from China bolstered the value of the Rand. The unit traded at 18.1575 against the dollar, about 1% stronge

Mar 02, 2023

Eight Against Forty-Five: VFEX Scales Up to ZSE?

The Victoria Falls Exchange (VFEX), which was formerly created as a subsidiary of the primary bourse, the Zimbabwe Stock Exchange (ZSE), has gradually gone up the ranks to surpass half the size of ZSE

Mar 01, 2023

Mozambique Stock Exchange Bonds Surge to Record High on Strong Investor Demand!

The Mozambique Stock Exchange (BVM) has announced the successful completion of its 2023 inaugural bond issuance series on 21 February 2023, with the 1st Reopening of Treasury Bonds 2023-1 Series being

Feb 28, 2023

The Great Migration: Innscor’s Shift to VFEX Sparks Zim Market Shake-Up

Innscor’s decision to migrate from the ZSE to the VFEX is a significant move that will have far-reaching implications for the company, the ZSE, and the VFEX. In this analysis, we will explore the impl

Feb 28, 2023

Corporate Action Summary

On the 23rd of February, 2023, the seed producer, SeedCo Ltd, withdraw a Cautionary Announcement made on the 18th of January, 2023. “Accordingly, the cautionary announcement made on January 18, 2023 i

Feb 28, 2023