World

World

The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

Mar 15, 2023
World
Banking Sector: ZSE vs Global Shares

The banking sector has come under scrutiny globally, with the listed biggest banks in the world recording a bloodbath from the prior week to date. However, the banking stocks on the Zimbabwe Stock Exc

 Mar 15, 2023
World
The Chinese Economy Continues to Rebound After the Covid-19 Restrictions Were Lifted

China the world’s second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid-19-induced lockdowns and subsequent widespread infections in most Chinese

 Mar 14, 2023
World
African Markets Update-NGX's Roar Through SVB's Dark Night

The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall

 Mar 14, 2023
World
Power Challenges in South Africa Dampen Multi-choice’s Performance

Multichoice, which last week announced a major deal with NBC Universal and Sky relating to its streaming business, Showmax, has painted a gloomy outlook for the 2023 financial year

 Mar 14, 2023
World
SVB Collapses: Will Other Banks Follow?

Silicon Valley Bank (SVB) is the latest victim of the tight global monetary environment that has persisted since 2022. The bank was ranked as the 16th biggest bank in the U.S. at the end of 2022, with

 Mar 13, 2023
World
Mosi Oa Tunya Cigars Set to Expand Foothold in the Upscale Cigar Market

Mosi Oa Tunya Cigars is the country's first homegrown brand of hand-rolled cigars. To develop a foothold in the upscale cigar market, Bongani Cigars, another recent entry from the region, will have to

 Mar 13, 2023
TIMB Preying on Farmers' Harvest to Settle Their Previous Debts

The Tobacco Industry and Marketing Board (TIMB) has issued an order to merchants to deduct any money owed by farmers from two years ago, following the opening of the floor with an estimated 8.5% incre

Mar 10, 2023
CTC Applauds Government's 'Game-Changing' Mergers for 2022

The Competition and Tariff Commission (CTC) reported an impressive 24 merger deals worth a total of US$1 billion in 2022, directly attributing the figure to the government's policies that encouraged a

Mar 09, 2023
New Scramble for Africa: Geo-political Rivalry Russia vs USA

The Russian government has donated 20,000 tons of fertilizer to Malawi as part of its efforts to garner diplomatic support from various African nations. Malawi voted to censure Russia at the United N

Mar 07, 2023
African Capital Markets Update: The Financial Sector’s Massive Exodus

HARARE- Over the past 7 days, the market has seen a 1.3% increase, driven by an impressive 5.8% gain in the financial sector, largely contributed by Standard Chartered Bank of Zambia and Zambian Natio

Mar 07, 2023

Tunisian Far-right Leader Crackdown on Sub-Saharan Africans a Ploy

Tunisian President Kais Saied 's crackdown on sub-Saharan African undocumented immigrants, which coincided with arrests of senior opposition figures, was aimed at distracting Tunisia's economic crisis

Mar 06, 2023

A Confluence of Calamities Narrows Sibanye’s Profit Outturn

Diversified mining outfit, Sibanye Stillwater, a parent company to Mimosa Mine in Zimbabwe has reported narrowed earnings for the full-year ended 31 December 2022 amid a confluence of calamities durin

Mar 06, 2023

2023 Monetary Policy : To weaken the horticultural industry's resurgence

Horticulture incentives were suspended as part of the measures included in the 2023 monetary policy, and this act will further impair the momentum the horticulture sector had accumulated over the prev

Mar 03, 2023

The Bigger Picture: Zimbabwe's Debt Clearance Manoeuvres

Last week Zimbabwe held a follow-up structured dialogue meeting on its arrears clearance and debt resolution process. Key takeaways were the feedback by AFDB President, who was appointed last year as

Mar 02, 2023

Elections Update: Takeaway Lessons from Latest Nigeria’s Election Results

Voters from Africa’s most populous country and biggest economy, Nigeria cast their votes on the 25th of February 2023 to elect lawmakers (parliamentarians) and Head of State (President), in a tight ra

Mar 02, 2023

Mozambique Stock Exchange Bonds Surge to Record High on Strong Investor Demand!

The Mozambique Stock Exchange (BVM) has announced the successful completion of its 2023 inaugural bond issuance series on 21 February 2023, with the 1st Reopening of Treasury Bonds 2023-1 Series being

Feb 28, 2023

A Loss of Over 3 million Votes from Abroad

In a recent social media post, the Deputy Chief Secretary to the Cabinet of Zimbabwe, George Charamba, made a statement regarding the contribution of diaspora remittances to the country's economy. He

Feb 28, 2023

Spike in Interest Rates Cripples CAFCA's Sales Volumes

he construction and mining sectors saw a rise in activity in 2022, which was expected to influence sales, but a spike in interest rates hampered economic activity among corporate entities facing 200%

Feb 27, 2023