Search results for 'currency instability'
Zimbabwe
Econet Pays 3.8 Trillion in Taxes to Government

Econet Wireless Zimbabwe, the country's largest telecom operator, contributed a staggering ZWL3.8 trillion to the government and statutory bodies in the fiscal year ended February 29, 2024. This figur

Jun 03, 2024
Companies
From Crisis to Opportunity: ART Holdings Prioritises Debt Reduction

ART Holdings Limited has announced a renewed focus on debt reduction as it navigates a challenging economic environment marked by persistent inflation, currency instability, and crippling electricity

Aug 16, 2024
Zimbabwe
ZiG's Downward Trajectory: Following Its Predecessors into Abyss of Failure

The Zimbabwe Gold (ZiG), the country’s latest currency initiative, appears to be one of the most ill-fated ventures in recent years, especially when compared to its predecessors: Bond Notes, RTGS, and

Sep 23, 2024
Zimbabwe
John's Curse 2:ZiG Drops to ZiG26, PMR Hits 40, Gold-Backed No More?

Zimbabwe's local currency, Zimbabwe Gold (ZiG), has taken a worrying plunge to ZiG26.0692 against the US dollar, continuing its downward spiral. Last week, it traded at ZiG25.3578 on October 4, 2024,

Oct 10, 2024
Companies
Beating the Odds, Then Booted: Does OK Zimbabwe’s CEO Firing Defy Logic?

Zimbabwe’s retail giant, OK Zimbabwe, has thrust itself into the spotlight with a sweeping executive overhaul, axing its seniour management team and reinstalling veterans who once steered the company

Feb 27, 2025
Companies
Ariston Shifts Focus to Local Sales Amid Rising Export Surrender Costs

Ariston Holdings, a Zimbabwean agribusiness, has strategically reoriented its revenue focus from export markets to domestic sales in response to rising operational costs and restrictive export policie

Mar 04, 2025
Zimbabwe
Zimbabwe's Inflation Soars in April, Both M-o-M, Year-on-Year: A Comparative Analysis with SADC Neighbours

Zimbabwe’s 2025 April inflation increased both in USD and ZiG terms, with ZiG annual inflation skyrocketing according to the lates data from Zimstat. The Zimbabwe Gold (ZiG) launched in April 2024, r

Apr 25, 2025

Top Stories

BAT Q1 Results: Hopeful Outlook Despite Sluggish Start

British American Tobacco (BAT) Zimbabwe, a prominent player listed on the Zimbabwe Stock Exchange (ZSE), kicked off fiscal year 2025 with a sluggish performance in the first quarter. The company repor

16 hours ago

ZECO’s  Occupancy Rate Slumps to 47%  in Q1: Anticipates Recovery Just Like All Laggards

Zeco Holdings, a perennial loss maker has seen yet another sluggish start to FY2025 with occupancy rate declining, despite a shift to real estate in 2022. Despite the sector offering solace to investo

19 hours ago

Turnall’s Production Declines in Q1 25, Plans Resizing for Efficiency

Turnall Holdings, a Zimbabwe-based manufacturer of fibre cement roofing products, pipes, and concrete tiles has reported a 18% decline in production for the first quarter of 2025, producing 7,357 tonn

1 day ago

FBC Holdings Starts 2025 on Firmer Note, Loan Base Surpasses 9 Billion

FBC Holdings, one of the leading financial services provider has reported a loan base of ZWG 9.56 billion in the first quarter (Q1) of 2025, supporting the strong asset base of ZWG 19.9 billion. The

1 day ago

Independent Retailers Fuel Afdis’s FY 2025 Sales Volumes Growth

The Zimbabwe Stock Exchange-listed wine and spirits manufacturer, African Distillers (Afdis), has recorded a 15% volume growth for the financial year ended 31 March 2025, according to its latest finan

1 day ago

ZB Financials Launch Innovative Digital Payment Solutions: How They Compare to Existing Ones

ZB Financial Holdings, a prominent financial services provider in Zimbabwe, has launched two innovative digital payment solutions: Smile Cash, a digital wallet, and Smile & Pay, a payment gateway desi

1 day ago

New Leasing at Pomona Commercial Centre Drives Mash Holdings Q1 Revenue to US$2 Million

Mash Holdings , a leading real estate investment and development company  has recorded a 24% increase in revenue to US$1.7 million for the first quarter ended 31 March 2025 from US$1.4 million  in the

May 14, 2025

Dairibord’s Exports Surge 36% in Q1, USD Dominate Sales at 95%

Largest milk processor, Dairibord Zimbabwe Limited’s export performance in Q1 2025 shone brightly, with a 36% year-on-year surge, underpinned by an 8% increase in raw milk intake to 9.95 million liter

May 14, 2025