During the last week of May, we continued to monitor the movement of the ZiG currency against other currencies in both the government-regulated formal exchange rate and the market-determined parallel

Zimbabwe's economic growth forecast for 2024 has been slashed to 2%, down from the initial projections of 3.6%. This downward revision is primarily due to the impact of the ongoing drought in the regi

Zimbabwe's trade deficit for April widened to $256.9 million, a 37.9% increase from the $186.3 million deficit recorded in March 2024. This marked the fourth consecutive month of Zimbabwe trading in t

coCash Holdings Zimbabwe Limited has delayed the publication of its Group's annual audited financial statements for the year ended 29 February 2024, according to its latest circular. The results will

The Zimbabwe Stock Exchange-listed cables manufacturer, CAFCA, has appointed Vimbai Nyakudya, a qualified Chartered Accountant, as its new Chief Executive Officer, effective June 3, 2024. According t

Zimbabwe's gold exports decreased from 23.6 kilograms in March to 20.8 kilograms in April according to the latest data released by ZIMSTAT. This marks a continued decline in gold's dominance as the co

As the world grapples with geo-economic fragmentation due to the Middle East's crisis and the Russia-Ukraine War, the future of lithium remains uncertain. Despite the global push for a carbon-free eco

British American Tobacco (BAT) experienced a 21% decline in sales volumes during the first quarter of 2024 compared to the same period the previous year. This decline was attributed to changes in fisc

Esteemed Bank, First Capital, reports that its non-performing loans (NPL) ratio has continued to decrease, reaching the lowest level in the first quarter of 2024 at 7%. This is an improvement from 8%

Despite the challenging economic environment marked by inflationary pressures and exchange rate volatility in Zimbabwe, the country still boasts the most expensive fuel prices in the Southern African

IMRE Holdings, a diversified financial services group, is poised for growth as it pursues a strategic expansion into North and Central African markets through its North-Central Africa growth policy.

In a strategic bid to combat the exodus of companies from central business districts (CBDs), Revitus Property Fund has doubled down on its mission to revitalize aging CBD properties and breathe new li

Diversified blue-chip company CBZ Holdings, listed on the Zimbabwe Stock Exchange, has posted strong results in its first quarter of the 2024 fiscal year solidifying its position as the largest bank i

ZECO Holdings, the embattled firm led by Phillip Chiyangwa, has started the full-year (FY) 2024 on a positive note after reporting profitability and occupancy growth compared to the same period last y

The Zimbabwe Gold (ZiG) traded at ZiG13.2183 on May 24, 2024, moving up from a low of ZiG13.3976 the previous week. This represented a 1 percentage point decrease from the prior week. The ZiG, which

he Reserve Bank of Zimbabwe (RBZ) has urged the public to approach their banks and withdraw ZiG coins and smaller denomination notes for their own transactional convenience, according to the latest pr

Zimbabwe's National Roads Authority (ZINARA) has disbursed a total of ZWL235 billion (ZiG 93,952,017.31) in the first quarter of 2024 according to its latest report. The larger proportion of this disb

The country's dominant gold buyer Fidelity Printers and Refiners will introduce a system to trace the supply of gold from mines to the market on the 30th of September 2024 to curb gold smuggling. Min

Simbisa Brands, the largest fast-food outlet in Zimbabwe, has opened 25 new counters in the country during the third quarter of the 2024 fiscal year, expanding its footprint and outpacing its main com

Rainbow Tourism Group, the second largest hotel group, is set to complete the final phase of refurbishments at the Rainbow Towers Hotel and Conference Centre, a project which includes upgrading the re