Dr. Panonetsa John Mangudya, the current Central Bank governor, is set to step down from his position in April 2024, marking the end of his 10-year tenure. Taking his place will be John Mushayavanhu,
Dec 15, 2023
Bindura Nickel Corporation (BNC), a nickel miner listed on the Victoria Falls Stock Exchange, is currently facing significant challenges and a pessimistic outlook after remaining in a loss position fo
Dec 14, 2023
Seed Co International, a well-known seed producer, has recently been listed on both the Victoria Falls Stock Exchange and the Botswana Stock Exchange. In a positive development, the company has manage
he budget proposed by Professor Mthuli Ncube, the Minister of Finance and Economic Development, for the year 2024 amounts to ZWL58.2 trillion. However, what has caught the attention of the business co
Dec 07, 2023
ioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follows
Dec 05, 2023
The South African rand reached its lowest point since late October, trading at 18.9 against the greenback. This sustained downward trend is attributed primarily to ongoing power outages, which are imp
Dec 04, 2023
Gold, a safe haven asset, experienced a 3.1% surge to reach US$2,100 in the early hours today. However, it later relinquished a significant portion of those gains, though it still reached new record h
eikles Limited, a prominent diversified retailer in Zimbabwe with interests in both the retail and hospitality sectors, experienced a significant decline in profitability during the half-year period e
Gold prices have concluded the month of November 2023 above the notable threshold of US$2040 per ounce, buoyed by the geoeconomic fragmentation and the Federal Reserve's easing of interest rates. Sin
Nov 30, 2023
RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow
Nov 29, 2023
Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,
After experiencing a significant loss of US$1.8 million in the first half of 2023, African Sun, the leading hotel group listed on the Victoria Falls Stock Exchange, has shown improvement in its perfor
Nov 27, 2023
Zimplow, a company listed on the Victoria Falls Stock Exchange (VFEX), is making significant progress towards acquiring the equity ownership of Barzem, a company currently under the ownership of Barlo
The beleaguered Zimbabwe dollar, has widened year to date deterioration rate by 87% from 86% last year against the United States dollar. In recent trading on Tuesday’s RBZ governed auction market, the
Nov 23, 2023
Air Zimbabwe, the struggling national carrier, has appointed Edmund Makona as its new Chief Executive Officer (CEO). With 38 years of industry experience, Makona brings a wealth of expertise to the r
Nov 20, 2023
The Zimbabwe Dollar remained relatively stable in the latest auction market held on Tuesday, with minimal changes in its value. The exchange rate shifted from ZWL5738.7217 on November 7th to ZWL5755.7
Nov 16, 2023
The diversified VFEX listed company, Padenga Holdings Limited, has achieved a gold output of over 1,500 kilograms during the cumulative nine months leading up to September 2023. This surpasses the out
Turnall Holdings Limited, a tiles manufacturer, reported a 7% decline in sales volumes for the third quarter ending on September 30, 2023. The sales volumes decreased from 9,132 tonnes to 8,526 tonnes
Nov 15, 2023
Dairibord Holdings Limited, a milk processor listed on the Zimbabwe Stock Exchange (ZSE), has reported that 93% of its sales for the quarter ended 30 September 2023 were denominated in US Dollars. Cum
Delta Corporation, the dominating force in the beverage industry, has achieved a remarkable milestone by surpassing the historic ZWL1 trillion revenue mark during the half year to full year 2024. Thi
Zimbabwe’s cement market is approaching a structural change as Shuntai Investments’ USD120 million integrated cement plant in Chegutu moves towards commissioning, targeting the clinker shortage that h
NMB Bank has secured a second financing commitment from British International Investment (BII), with the UK development finance institution increasing its exposure to the Zimbabwean lender through a n
CABS has signed a US$30 million financing partnership with British International Investment (BII) to expand lending to Zimbabwe’s productive sectors, creating an additional source of foreign currency
Zimbabwe’s dairy industry is entering a stronger recovery phase, with commercial milk production rising steadily after years of contraction and creating the possibility of reducing the country’s depe
Zimbabwe’s inflation environment is entering a different phase, with the latest data showing price pressures becoming concentrated in essential costs rather than broad-based increases across the econo
Axia Corporation’s FY2026 performance was defined by more than revenue growth. The group’s strongest strategic shift came through improved cash generation, reducing dependence on external funding and
Zimbabwe’s largest companies are increasingly navigating a difficult balance between government’s need to expand domestic revenue collection and the private sector’s demand for a predictable operating
Axia Corporation’s FY2026 performance has been powered by a sharp recovery in consumer demand, but the strength of the rebound was increasingly tied to the expansion of household credit as Zimbabwe’s
