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Zimbabwe
Foreign currency loan book anchors First Capital’s Q3 earnings

SE-financial services outfit, First Capital Zimbabwe Limited has recorded an 82% uptick in total income to ZW$26 billion during the third quarter ended 30 September 2022 according to the Bank’s latest

Nov 15, 2022
World
Macron's Remarks on Europe's Non-Involvement in US-China Conflict over Taiwan: Implications for Africa's Trade

In recent remarks, French President Emmanuel Macron emphasized Europe's stance on non-involvement in the escalating conflict between the United States and China over Taiwan. The situation has been gro

Apr 17, 2023
World
Sweet Entry into the Chinese Market: Zimbabwean Citrus Farmers Find Solace

China consumed over 54 million tonnes of citrus fruits in 2021, accounting for about 34% of total citrus consumption globally. The sheer size of the Chinese market signals a huge export potential for

Jun 05, 2023
World
From Discord to Accord: Report to Recalibrate EU-Zim Dynamics?

A cohort of European Union (EU) Election Observers arrived in Zimbabwe to oversee the much-anticipated elections scheduled for the 234rd of August this year. This will be the second election under the

Jul 31, 2023
World
Global Economic Highlights: Key Data Releases and Events to Watch in the Week Ahead

n the upcoming week, the world eagerly anticipates the release of crucial economic data and key events from major economies, including the United States, China, Eurozone, Canada, Japan, and the United

Nov 13, 2023

Top Stories

Delta Posts 11% Revenue Growth, Defying Economic Challenges

DELTA Corporation , the leading beverage manufacture has posted an increase in revenue to $389.1 million for the half year ended September 2024 from US$350.6 last year. This led to a profit after tax

13 hours ago

Rising Reserves, Waning Performance: The Dilemma of Zimbabwe's Currency

The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio

1 day ago

Double Trouble for Delta's Beer: Sorghum Struggles at Home, Abroad

Delta Corporation, a blue-chip entity listed on the Zimbabwe Stock Exchange (ZSE), has encountered significant headwinds in its sorghum beer segment, resulting in diminished sales volumes domestically

Nov 11, 2024

A Billion-Dollar Quarter: CBZ’s Q3 Performance

Largest bank by deposits and assets, Commercial Bank of Zimbabwe Holdings (CBZ) has recorded an exceptional Q3 performance ended September 30, characterized by billion-dollar revenues, according to th

Nov 10, 2024

Pathway to Recovery: BAT’s Q3 Under Glance

British American Tobacco (BAT) Zimbabwe, a producer and marketer of premium cigarette brands, is prioritizing cost reduction as a strategic initiative aimed at returning to profitability. The company

Nov 08, 2024

Glimmer of Hope: Zim’s Oct Gold Surge Revives Year-End Target

Zimbabwe's October gold deliveries surged 22% from September and 12% above October 2023, reaching 4,168 kgs. Small-scale miners produced 3,143 kgs, up from 2,404 kgs in September, while large-scale m

Nov 07, 2024

Smoke and Mirrors? ZiG Strengthens for Third Consecutive Day, Takes in 9% Gains

The Zimbabwe Gold (ZWG) currency has exhibited an appreciation on the formal market, recording its third consecutive gain on November 6, 2024. The currency surged 3% from 26.99 to 26.01, translating

Nov 06, 2024

Zimbabwe Fuel Prices Rise: Petrol and Diesel Up in November

he Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in fuel prices for November, impacting both petrol and diesel. Petrol prices have risen from US$1.49 per litre in October to U

Nov 06, 2024