Search results for 'African market'
World
African Markets Update: Malawi Stock Exchange Surpasses Zimbabwe Stock Exchange for the Leading African Exchange Market

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Apr 25, 2023
Zimbabwe
Multichoice's Calculated Move: Can Showmax Stand Netflix’s Supremacy?

Multichoice, a leading African broadcasting company recently made headlines with its strategic move to increase funding for its streaming platform, Showmax. This move comes in response to the growing

Feb 06, 2024
Zimbabwe
ZiG Faces Imminent Collapse: RBZ Injects $64 Million in Ongoing Efforts

The Reserve Bank of Zimbabwe has injected US$114 million into the forex market to meet rising demand for foreign currency and stabilize the run-away ZiG. In a statement, RBZ said US$50 million was inj

Sep 20, 2024
Zimbabwe
Digital Dawn: ZSE Direct Surges 28% as Zimbabwe's Stock Market Boom in Q3

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

Oct 10, 2024
Companies
CAPEX Jumps Over 2000% to $2M: Turnall Bets on New Investments

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

Oct 15, 2024
Companies
NATIONAL FOODS' SHOCK EXIT: Weighs Delisting From VFEX, Barely 2 Years after Listing

Largest food producer, National Foods (Nat Foods) Limited, is contemplating a delisting from the Victoria Falls Stock Exchange (VFEX), according to the latest circular from the group. Nat Foods was

Oct 31, 2024
Companies
Simbisa Brands Energy Costs More Than Double in Q1, But New Store Openings Cushion the Blow

Simbisa Brands, the leading quick-service restaurant (QSR) operator in Zimbabwe, reported a significant rise in energy expenditures, which more than doubled year-over-year (YoY) in Q1 FY2025. This up

Nov 25, 2024
Companies
Huaxin to More Than Double Cement Output as Zimbabwe Construction Booms

Chinese cement manufacturer Huaxin Cement is set to more than double cement output to 500,000 tonnes per year by 2026 from the 200 000 tonnes current  capacity, positioning the facility as a major pla

Feb 11, 2026

Top Stories

Funny Facts About Zim-Regional Fuel Prices: Zambia’s Cheaper Fuel Passes Through Zimbabwe First

Zambia imports a substantial portion of its refined petroleum products through Zimbabwe, transiting Beit Bridge and travelling north along the Harare-Chirundu highway corridor before crossing into Lus

2 hours ago

Dangote Refinery to Supply Fuel to Ethiopian Airlines Directly

The global aviation industry is entering a period of adjustment driven by energy market dynamics. Rising fuel costs, supply uncertainties, and shifting demand patterns are forcing airlines to rethink

17 hours ago

Mutapa Gold Arm Gets New CEO as Commodity Financing Ambition Builds

Patrick Maseva-Shayawabaya has been appointed Chief Executive Officer of Mutapa Investment Fund's gold subsidiary, replacing Trevor Barnard, who has held the role since 2024. Maseva-Shayawabaya joins

22 hours ago

Kingdom Hotel Set for Rebrand as Dubai Investor Expands Zimbabwe Footprint

ASB Hospitality LLC, the Dubai-based subsidiary of Albwardy Investment, has completed the acquisition of Makasa Sun (Private) Limited, owner of the 294-room Kingdom Hotel in Victoria Falls, for USD 30

22 hours ago

Zimbabwe Spends Nearly US$1bn on Electricity Imports, Mutapa Lines Up US$500m Energy Investment

Zimbabwe has spent USD 881.7 million importing electricity between January 2021 and March 2026, according to a monthly import series derived from ZimStat External Trade Statistics. The cumulative fig

22 hours ago

Zimbabwe’s Gold Windfall Anchors Trade Balance, Export Concentration Deepens

Zimbabwe's semi-manufactured gold exports have generated USD 426.6 million in March 2026, equivalent to 45.8% of the country's total goods export value of USD 932.0 million for the month, according t

23 hours ago

Caledonia Changes Chair as Bilboes Decision Nears, FMP Moves Closer to ZSE Exit

Caledonia Mining Corporation has announced that John Kelly will step down as Chairman of the Board with effect from the end of the company's Annual General Meeting on 5 May 2026, to be succeeded by Ju

Apr 30, 2026

Zimbabwe Spends US$83.8m on Cereal Imports in March as Surplus Narrative Builds

Zimbabwe's latest trade data for March 2026 shows that cereals were the fourth-largest import category in Zimbabwe's goods trade faccounting for 7.8% of a total import bill of USD 1.074 billion,  equi

Apr 30, 2026