World

World

African Capital Markets Update: Positive Outlook Despite Contrasting Performance - Challenges Ahead

In the past week, the All-Share Index rose 7.59%, ranking the best performing stock market in Africa. The bourse registered growth on the back of a remarkable 17% surge in the Utilities sector, primar

Apr 04, 2023
World
Hwange Unit 7 to Relieve Pressure on Electricity Imports

Hwange Unit 7 power output first achieved full capacity of 335Mw at 09:27, 30th March 2023. Since that time, the combined output of all the power plants has exceeded 950Mw. Last week, the Kariba South

 Apr 03, 2023
World
Vietnam's First Quarter Slack Opens Regional Opportunities

Vietnam is a significant player in the cement industry and its production capacity is of concern to smaller players such as Zimbabwe and other African players. In 2021 it, along with Turkey, was one o

 Apr 03, 2023
World
Realization of a New Model for Large Organizations Facing Breakup Pressures

Companies that compete with newly public companies may run the risk of adopting the approach. Investors moving into the new standalone entities may cause a decline in demand for shares of purer plays

 Apr 03, 2023
World
The Fall of Babylon? Aftermath of Possible Greenback’s Crush

The United States of America (USA) has for centuries managed to position its currency, United States dollar as the currency of global trade. However, the greenback is facing a multitude of headwinds f

 Mar 30, 2023
World
FCB’s Non-funded Income Dominated Revenue Generation in FY22

First Capital Bank’s non-funded income dominated revenue generation for the firm in the 2022 financial year as the bank posted real growth in terms of non-funded income by 44% with the non-funded to t

 Mar 28, 2023
World
Zimbabwe Takes the Lead as Chair of African Diamond Producers Association

-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha

 Mar 24, 2023
Biden's Economic Report Criticizes Cryptocurrencies For Lacking a Fundamental Value

The report made no recommendations for immediate action. Regulators, though, don't require a starting pistol. Some agencies, including the Securities and Exchange Commission, have already begun taking

Mar 24, 2023
Volatility Yields: ZSE Investors Take Home Almost 50% US$ Gains

The highly volatile financial market, Zimbabwe Stock Exchange (ZSE), has once again emerged the best performing bourse in Africa on a year-to-date basis, in US$ terms. As at the 21st of March, 2023, t

Mar 22, 2023
TSL Revenue Soars as Expansion Initiatives Pay Off

TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th

Mar 21, 2023
African Markets Update: Unlocking the Mystery of Third World Economies' Record Stock Exchange Results

The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark

Mar 21, 2023

CORPORATE ACTION SUMMARY

CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the

Mar 20, 2023

Sibanye’s PGMs Production Succumbs to Machine Breakdown

The diversified mining corporate, a parent company to Mimosa mine in Zimbabwe Sibanye Stillwater’s 2023 PGMS production in Montana will halt for four weeks after the western mine succumbed to a machin

Mar 20, 2023

Oil Price Surge Crushed After US and Swiss Banking Crisis

Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti

Mar 17, 2023

‘An Arduous Master-worker Relationship’: Sibanye’s Froneman Roasts Himself

Diversified mining company,  Sibanye Stillwater recorded its first profit downturn post-COVID-19 pandemic era during the full year to December 2022 mainly due to industrial action over better remunera

Mar 16, 2023

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

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

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

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