Sectors

World

Sugar Rush: Hippo Valley Estates Rides Wave of Rising Revenues Despite Turbulent Economic Tides

Harare - Hippo Valley Estates Limited, a sugarcane grower and sugar producer, recently unveiled its trading update for the first fiscal quarter ended June 30, 2023. The company's financials reveal

Aug 17, 2023
Botswana
Lucara Diamond's Latest 1,080-Carat Discovery Boosts Botswana's Diamond Revenue Prospects

The 1,080.1 carat diamond, measuring an impressive 82.2 x 42.8 x 34.2mm, is a Type IIa top white gem of exceptional quality. Discovered in the Coarse XRT unit at Karowe, the diamond was obtained throu

 Aug 09, 2023
Botswana
Botswana's Diamond Model: A Blueprint for African Countries Eyeing Gem Success

The multi-year deal between Botswana and De Beers will significantly increase the supply of precious stones to the country. As other African nations, such as Zimbabwe, explore their diamond resources,

 Aug 07, 2023
Zimbabwe
Zimbabwe Mercantile Exchange (ZMX) Offers Farmers Seeds of Hope

ZMX is gradually gaining traction among farmers and traders As of August 2, 2023, 185 tonnes were traded at US$315 per tonne Soybeans was introduced this week, with 4,000 tonnes auctioned at US$480 pe

 Aug 07, 2023
World
Nedbank Brings American Express to Zimbabwe, Unlocking New Growth in Tourism

Nedbank Zimbabwe becomes the first AMEX Acquirer in Zimbabwe 40% of tourists to Zimbabwe carry American Express cards Amex Card Holders spend three times more than non-cardmembers Harare - Nedbank Zi

 Aug 07, 2023
World
Namibian Stock Market Outshines African Peers Amid Impressive Rally

Namibian Stock Market Outshines African Peers Amid Impressive Rally The remarkable rise of the Namibian stock market over the past year has demonstrated the resilience and growth potential of the nat

 Aug 07, 2023
Botswana
Shumba Energy's Ambitious Energy Projects to Revolutionize Southern Africa's Power Deficit

With these various energy projects in the advanced stage of development, Shumba Energy is poised to have a significant impact on the energy sector in Southern Africa. As the region grapples with a gro

 Aug 02, 2023
The Rise of Geopolitical Tensions: How a Potential Ban on Russian Aluminium by LME Could Impact African Producers

The potential ban on Russian aluminium by the LME brings to the fore the impact of geopolitical tensions on the global metal market, with smaller producers in Africa likely to feel the brunt of any de

Jul 31, 2023
Phoenix Rising: Disco Lights Up Zimbabwe's Steel Industry, Shattering ZISCO's Gloom

The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay

Jul 24, 2023
Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth

Should the Bank of Namibia Adopt a Dual Mandate? The Case for Prioritizing Inclusive Growth Central banks have traditionally prioritized price stability and controlling inflation. However, in recent

Jul 24, 2023
Lucara Diamond's Karowe Underground Expansion Project: Overcoming Challenges and Maximizing Value

The project is now expected to commence production in the first half of 2028, a year later than previously planned. Capital costs have also increased by 25% to $683 million.

Jul 19, 2023

Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

Jul 17, 2023

US Budget Deficit More than Triples

The US government budget deficit widened by 157% to US$227.8 billion in June 2023, up from a US$ 88.8 billion gap in the same month of the previous year. This figure fell below market expectations of

Jul 14, 2023

Tharisa's Strong Q3 Production Report Boosts Balance Sheet

The report highlights the company's strong balance sheet, with cash on hand increasing by US$36.8 million to US$242.6 million, resulting in a net cash position of US$141.5 million, which will support

Jul 13, 2023

China's Sluggish Demand: A Concern for Global Markets?

China’s factory-gate prices recorded their fastest fall in seven and half years in June while consumer inflation was at its slowest since 2021. The producer price index marked its steepest decline sin

Jul 10, 2023

Putinic Crisis: Ruble Tumbles as Cost of War, Sanctions Take Toll

The Russian ruble has hit its lowest mark in 15 months on the 10th of July 2023 at 90.6 against the US dollar, trading well below averages prior to Russia's invasion of Ukraine, due to political uncer

Jul 10, 2023

Tongaat Hulett gets lifeline to keep operating

Tongaat Hulett, the embattled South African sugar producer under business rescue, announced this week that it had secured an extension of its post-commencement finance facility from its funders until

Jul 05, 2023

Zimbabwean Dollar sustains recovery

The Zimbabwe dollar has appreciated to ZWL5395.9619 on the latest auction market held on the 4th of July 2023, notching up 17% gain from ZWL6326.5877 traded last week per dollar. This is the biggest

Jul 05, 2023

A Tale of Financial Woes: Seed Co’s FY Profit More than Halve

Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign

Jul 04, 2023