Search results for 'market trends'
Zimbabwe
ZiG Experiences First Formal Forex Depreciation

The ZiG has experienced its inaugural depreciation in the formal forex market since its inception, as per the data reported by the Central Bank. On a week-over-week basis, the ZiG was quoted at 13.581

Jun 24, 2024
Companies
Zimplats Doubles Down on Growth: Invests US$440 Million in Projects

Zimplats, Zimbabwe’s largest corporate despite facing challenging market conditions, demonstrated a strong commitment to future growth by investing US$440 million in mine replacement and expansion pro

Aug 21, 2024
Zimbabwe
September Trade Review: Gold Exports Increases but Value Declines Despite Rallying Prices

Gold exports in September 2024 surged to 40.2%, up from 37.9% in August and 34.2% in July while tobacco exports, partly or wholly stemmed, followed closely at 19.3%, marking a notable growth from 13%

Oct 25, 2024
Zimbabwe
Sweetened Opportunities: African Sugar Producers Gear Up Amid Global Supply Shortage

According to Statista, India leads global sugar consumption, followed closely by the European Union and China. By 2024/2025, global sugar consumption is projected to reach 182 million metric tons. Bra

Oct 30, 2024
Zimbabwe
Year-to-Date Tobacco Update: Rakes in $1 Billion, Exports Surge, 30% Increase in Growers

Zimbabwe's year-to-date tobacco exports have raked in US$1 billion exceeding the US$960 million recorded in 2023 according to Tobacco Industries Marketing Board. The country shipped approximately 187

Nov 05, 2024

Top Stories

Simbisa Customer Counts reaches 12.1miliion in Q1 2025

Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the

Nov 22, 2024

First Capital's Non-Performing Loan Ratio Falls Below 3% Amid Restructuring

First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process

Nov 22, 2024

Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Nov 22, 2024

Proplastics Reports Subdued YTD Performance with Production, Sales Down

Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio

Nov 21, 2024

Pomona City Drives Westprop's Q3 Robust Performance

WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11%  to its year-to-date revenue in a trading update for the period ended 30 Sept

Nov 20, 2024

EcoCash Holdings’ HY Performance: Posts 185% Deposits Surge, 91% Loan Growth

EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa

Nov 20, 2024

Zimplow Holdings on Recovery Path: Q3 Performance Sparks Optimism

Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.

Nov 20, 2024

NMB Loan Book More Than Doubles in Q3, USD Denominates Deposits at 87%

NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful

Nov 19, 2024