China is the largest consumer of tobacco in the world, with more than 300 million smokers according to World Health Organization data. With China re-opening, we expect to see an increase in the demand
Jan 27, 2023
Although the jury is still out and awaiting US CPI data (which is set to be released on Thursday), the net market perception is geared towards an expectation that The Fed will loosen its aggressive st
Jan 09, 2023
Simbisa Brands Limited and its 567 stores have shipped to Victoria Falls Stock Exchange (VFEX) to become the 6th company on the security exchange. The group views the VFEX as a way of targeting foreig
Dec 12, 2022
The results of the 2022 3rd Quarter Business and Economic Intelligence Survey have been published. This exercise was conducted and circulated by the Confederation of Zimbabwe Industries with the aim
Dec 06, 2022
Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production
Nov 22, 2022
Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for
ZSE-listed company First Mutual Properties posted aminimalistic update for the quarter. Many descriptive statistics and financial line items such as cash generated from operations, and financial perfo
Nov 18, 2022
ZSE-listed manufacturing company, ProPlastics Limited (formerly known as Murray & Roberts and Masimba Industries Limited) reported a 10% drop in sales volume across its offering of plastic pipes and r
Nov 15, 2022
14 Countries have expressed clear intentions to join The BRICS. Why Zimbabwe is not on this list has stirred some interest in the local economic community. Given close ties with a majority of the memb
The Zimbabwean delegation has returned to the UN Climate Change Conference. The 2022 COP27 held in Sharp El Sheikh Egypt, shows the nation’s concerted efforts to agree on policies to limit global temp
Nov 08, 2022
The delayed lift-off of the Cygnus spacecraft is finally a go. The flight which was delayed due to a fire alarm at NASA’s Wallops Flight Facility in Virginia, US Spaceport had on board Zimbabwe’s firs
Nov 07, 2022
The Zimbabwe Stock Exchange (ZSE) has declared a final dividend from the Company's profits for the full year ended 31 December 2023. This significant development reflects the ZSE's commitment to rewa
Kadoma Hotel, owned by Rainbow Tourism Group (RTG), has successfully harnessed the power of solar energy through its green investment. The installation of a 300KVa solar plant has enabled the hotel to
Zimbabwe's latest introduced gold-backed currency, the Zimbabwe Gold (ZiG), has demonstrated stability on the official market since its inception, maintaining its value for almost a month. On the 26th
In light of a significant 33% decline in lithium prices compared to the previous year, many companies in Zimbabwe and the surrounding region have curtailed their production activities as a means to o
CBZ Holdings, a ZSE listed financial giant has announced the appointment of Lawrence Nyazema as the new Group Chief Executive Officer, effective from April 19th 2024. The bank circulated this news on
estProp Holdings, a leading real estate company in Zimbabwe, has achieved a significant milestone, surpassing a net profit of over US$50 million for the full year ended 31 December 2023 to US$50.28 mi
irst Capital Bank has concluded its fiscal year 2023 on a positive note, achieving remarkable profitability and a substantial increase in loans and advances, which are integral to the banking industry
The Board of Directors of First Capital Bank declared a final dividend of US$ 0.22 cents per share for the period ended 31 December 2023. The dividend will be paid on or about the 10th of May, 2024, t