Finance

World

Battle of the Heavyweights : Innscor's Bold Move Challenging Delta's Opaque Beer Hegemony

Delta's Revenue soared by 164% to ZWL1.9 trillion in HY'24 Nyathi Beer opaque beer production at 30 000 hectolitres against Delta's 350 000 hectolitres Innscor possesses the firepower to rival Delta's

Nov 20, 2023
World
Zimbabwe’s Electricity Woes Pose Yuletide Gloom

Harare - Zimbabwe finds itself mired in an ongoing electricity crisis that shows no signs of abating, now expected to persist throughout the festive period. The situation is compounded by multiple fac

 Nov 16, 2023
World
State of the Zimbabwean Banking Sector : The Chase to Zero

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

 Oct 23, 2023
World
Zimplow Sales Surge Amidst Profitability Challenges

Zimplow's sales of goods, reached an impressive ZWL44.7 billion  Zimplow achieved a gross profit margin of approximately 46.54% Zimplow is now making significant strides towards acquiring a 49 percent

 Oct 07, 2023
World
Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop

MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion  MetBank's profitability was primarily driven by a fair value gain on investment prop

 Oct 07, 2023
World
Zimbabwe Sparkles As it Secures 7th Place in Global Diamond Mining

Harare - In the global diamond mining landscape, Zimbabwe claimed a notable position, ranking 7th in both rough diamond production measured in carats and diamond production by value. In 2022, Zimbabwe

 Oct 07, 2023
World
Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global Market

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the

 Oct 03, 2023
Alfred Chaavure's Remarkable Journey: From Bank Financial Accountant to Deposit Protection Corporation Director

With over 20 years of experience in Strategic Management, Banking, Finance, and Accounting, Alfred Chaavure brings a wealth of expertise and knowledge to his new role. He holds a Bachelor of Business

Sep 20, 2023
Insuring Zimbabwe's Future : Short-Term Coverage Vital for Business Stability and Investment Growth

Zimbabwe has a low insurance penetration rate of 2.6% Potential impact of El Niño and the need to strengethen the insurance sector in the country The GPW surged by 263%, rising from ZW$7.49 billion to

Sep 11, 2023
First Capital Bank: Soaring Profits and Digital Innovation Propel Success

First Capital Bank Soaring Profits and Digital Innovation Propel Success First Capital Bank demonstrated robust profit growth in the first half of 2023, as its profit after tax skyrocketed by 602% to

Sep 04, 2023
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

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

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

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

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

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

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

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

New Bill Set to Overhaul Namibia’s Banking System

Harare - The Namibian government has introduced a new Banking Institutions Bill to revamp the country’s banking regulatory framework. The current Banking Institutions Act of 1998 has been deemed outda

Jul 04, 2023