Axia Limited, Retail Expansion, New Stores, TV Sales & Home, Transerv, Zimbabwe Retail, FY2025 Growth, African Retail Market, Retail Network Expansion, Business Development.

Rising power costs and non-claimable VAT have eroded National Foods' financial gains, highlighting the devastating impact of policy inaction on businesses and low-income households. The company vows t

Zimbabwe Economy, Currency Devaluation, ZiG Collapse, Economic Instability, Fiscal Discipline, Monetary Policy, Currency Stability, Zimbabwe Gold (ZiG), African Economics, Emerging Markets.

The Reserve Bank of Zimbabwe has raised the bank policy rate from 20% in April this year to 35%, according to the latest Monetary Policy Statement released last Friday. Standard and statutory reserve

Zimbabwe's gold exports made a significant leap in August 2024, accounting for 37.9% of total exports, up from 34.2% in July and 30.5% in June, according to Zimstat's latest data. May still holds the

Zimbabwe’s trade deficit has narrowed for the first time in a while, reaching US$198.7 million, a 27.7% decrease from the July 2024 deficit of US$274.9 million. The country has not recorded a trade su

Unifreight Africa Limited is strategically diversifying its operations to mitigate the challenges posed by rising operating costs, which surged by 12% in the first half of 2024. This increase, driven

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

Zimre Holdings Limited (ZHL Group) is planning to expand its footprint in North Africa, tapping into the vast opportunities presented by the African Continental Free Trade Area (AfCFTA). The group re

Padenga Holdings Limited, Zimbabwe's third-largest gold producer, has recorded a 25% increase in gold output for the half-year period to June 30, 2024, to 1,351 kilograms, the highest in half-year per

Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional

Gold deliveries from January to September 2024 have increased to 24,089 kilograms, surpassing the 22,760 kilograms delivered during the same period in 2023. For the third quarter of 2024, gold delive

d clients and 10,740 active clients. The number of trades increased by 28.68%, reflecting the growing interest in online trading. ZSE Direct has democratized access to the capital markets, offering

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,

Turnall Holdings increased its capital expenditure (CAPEX) to US$2 million in the half-year ended June 30, 2024, compared to just $72,971 in the same period last year. This investment primarily focus

Caledonia Mining Corporation's gold output for the third quarter to September 2024 showed a slight decline from the record-breaking production achieved in the same period last year according to the gr

Grid Africa, a leading renewable energy developer and independent power producer (IPP), has secured a significant equity investment of R50 million from Rifuwo Energy Partners. This funding will accele

Sub-Saharan Africa's economic growth forecast has been revised downwards to 3% for 2024, primarily due to the devastating impact of Sudan's civil war on the region's economy. This represents a 0.4% d

Zimbabwe's local currency, the Zimbabwean Gold (ZiG), traded at 26.8596 on the 18th of October, down from ZiG26.0692 traded last week Friday against the US dollar. This continues its downward spiral,

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%