Search results for 'formal market'
Zimbabwe
The Zim Dollar's Traction and Prices Conundrum

The Zimbabwe dollar exhibited its fifth consecutive period of appreciation, trading at ZWL4505.4232 against the greenback, up from ZWL4771.3854. This marked a significant week-on-week increase of 6%,

Jul 28, 2023
Zimbabwe
An illusion Economy: Measuring Currency Stability with Alternative Markets

During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat

Sep 12, 2023
Zimbabwe
Zim Dollar Sustains Downward Trajectory

The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut

Sep 13, 2023
Zimbabwe
Zim Dollar Sees Biggest Crush Post Shambolic Elections

The Zimbabwe dollar experienced its most significant decline, not only after the disputed election but since the start of July, indicating a rise in the injection of Zimbabwe dollar liquidity into the

Sep 20, 2023
Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

Apr 18, 2024
Zimbabwe
ZiG's Formal Market Stability Offsets Inflationary Upswings

The Zimbabwe Gold (ZiG), has continued to maintain stability on the formal market since its inception, helping to curb inflationary pressures. On June 17th, the currency traded at ZiG13.4910 per US do

Jun 17, 2024
Companies
Proplastics Export Sales Fall to 1%

Proplastics, a leading manufacturer of PVC piping and fittings, has reported a significant decline in export sales, from 15% of total sales in 2023 to a mere 1% in the first half of 2024 primarily due

Sep 17, 2024
Zimbabwe
ZiG Weekly Review: Formal Market Sees Slower Depreciation, Parallel Market Rate Drops

The Zimbabwe Gold (ZiG) exhibited a marginal depreciation of 0.1% week-on-week, trading at 26.3004 per USD on January 24, 2025, compared to 26.2614 on January 17, 2025. During the week, the ZiG trade

Jan 24, 2025
Companies
CFI Bounces Back With ZWG493 Million Profit in HY 25 , Driven by Monetary Gains

CFI Holdings Limited has staged a strong comeback in the first half of 2025, swinging from a loss of ZWG348.96 million in the prior comparable period to a ZWG493.64 million profit, according to the co

Jul 16, 2025
Companies
Agriculture Recovery Lifts CFI Holdings’ Q3 Revenue Nearly 10%

Diversified agricultural conglomerate, CFI Holdings Ltd, has posted a solid set of results for the third quarter ended 30 June 2025, buoyed by a rebound in Zimbabwe’s agricultural sector and resilient

Aug 15, 2025
Companies
Tanganda Narrows Loss as Packed Tea Sales Rise 37% in Q1 26

Tanganda Tea, a diversified company listed on the Zimbabwe Stock Exchange (ZSE), has recorded a 37% surge in packed tea volumes, to 453 tonnes for the first quarter ended 31 December 2025 from 330 ton

Feb 17, 2026

Top Stories

VFEX Becomes ZSE Holdings’ Profit Engine, Delivers 75% Operating Profit

Victoria Falls Stock Exchange (VFEX) has become the principal earnings engine inside Zimbabwe Stock Exchange Holdings, with the USD-denominated market generating almost three-quarters of group operati

6 hours ago

Banks Split on Where to Put Deposits as Credit Shifts Toward Trade, Mining and Agriculture

Zimbabwe’s banks are entering H2 2026 with more deposits available for lending, but their interim results show that the allocation of that liquidity is becoming increasingly selective, and that the ri

6 hours ago

Old Mutual Cuts Client Cash Outflow by R7bn in First Half

Old Mutual reduced the amount of client money leaving the group by R7.00 billion during the half year ended 30 June 2026, cutting its net client cash outflow from R10.13 billion to R3.13 billion. The

7 hours ago

Balance Sheet Illusion: Growing Deposits Mask Credit Quality Deterioration in Zimbabwe’s Banking Sector

Zimbabwe’s banking system entered the second half of 2026 with substantially larger balance sheets, but the H1 results show that the widening performance divide now extends beyond profitability into t

8 hours ago

Machiavelli’s Politics of No Second Chance: How Court Closures, Treason Charges Threaten Zambia’s Mining Boom

Hakainde Hichilema enters his second term with the numerical strength of a decisive electoral victory and a political dispute that should have been comparatively easy to settle. He was officially decl

10 hours ago

POSB Profit Falls 42%, Fee Squeeze Outruns 37% Deposit Growth

People’s Own Savings Bank has expanded its balance sheet aggressively during the first half of 2026, but the additional deposits and lending have yet to replace earnings lost as regulatory measures c

11 hours ago

Zimbabwe’s Mineral Leakages Shift from Border Smuggling to Under-Declaration and Fake Invoices

The Minerals Marketing Corporation of Zimbabwe has recorded 18 suspected mineral smuggling and irregular-movement cases between January and August 2026 involving about 2,654 tonnes of minerals and scr

1 day ago

Weekly Currency Update: ZiG Enters September Stable as Tight Money, FX Buffers Contain Pressure

The Zimbabwe Gold opened on 31 August 2026, the last day of the month at ZiG26.6640 per US dollar, giving back part of the appreciation recorded during the previous week after closing Friday at ZiG26.

1 day ago