Zimbabwe

Zimbabwe

Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise

Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

Jan 29, 2024
Zimbabwe
Zimbabwe's Ariston Holdings Weathers Challenges, Reports Growth in Tea and Macadamia Sales

The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im

 Jan 29, 2024
Zimbabwe
Corporate Action Summary

Ariston announced that it will be holding its 77th Annual General Meeting (AGM) in the Centenary Room, Royal Harare Golf Club, 5th Street Extension, Harare, Zimbabwe, on the 22nd of February, 2024, at

 Jan 29, 2024
Zimbabwe
Fizzing Festive Sales: Delta Sets New Records, But Sugar Tax Casts Bitter Shadow

Harare - Delta Corporation experienced unprecedented sales of soft drinks and beer during the Christmas season, setting new records. However, the company is concerned about the potential impact of a "

 Jan 25, 2024
Zimbabwe
Corporate Action Summary

The Board of Directors of PPC approved the introduction of an Executive Committee (EXCO) for its South African business, meant to improve profitability and operational efficiencies. The new roles incl

 Jan 22, 2024
World
Nampak's Growth Prospects in 2024: Analyzing the Key Factors at Play

Nampak Zimbabwe, the packaging firm, displayed impressive financial growth as its revenue surged by a remarkable 46% to ZW$573.78 billion for the full year ending on September 30, 2023. This substanti

 Jan 09, 2024
Zimbabwe
Amalgamated Regional Trading Holdings Reports Decreased Profits in FY 2023, Faces Audit Concerns

Amalgamated Regional Trading Holdings Limited (ART), a leading trading and manufacturing company based in Zimbabwe, has released its financial results for the fiscal year ended September 30, 2023. The

 Jan 04, 2024
Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity

Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas

Jan 03, 2024
Goodbye John: A Troubled Legacy of Zimbabwe's Central Bank Governor

Dr. Panonetsa John Mangudya, the current Central Bank governor, is set to step down from his position in April 2024, marking the end of his 10-year tenure. Taking his place will be John Mushayavanhu,

Dec 15, 2023
Nampak Reports Resilient Performance Amidst Challenging Market Conditions

Nampak's success can be attributed to its strategic initiatives and prudent investments. The company focused on enhancing its product portfolio by introducing innovative packaging solutions that cater

Dec 11, 2023
Kimberley Process Plenary Sets Milestone for Diamond Trade Reform

The recently concluded 2023 Kimberley Process Plenary has marked a significant milestone in the efforts to regulate the diamond trade and enhance consumer confidence in natural diamonds.

Dec 11, 2023

Taxes Tsunami: Mthuli Ncube's Budget Deluge Drowns Struggling Economy

he budget proposed by Professor Mthuli Ncube, the Minister of Finance and Economic Development, for the year 2024 amounts to ZWL58.2 trillion. However, what has caught the attention of the business co

Dec 07, 2023

Corporate Action Summary

PPC Limited announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of the Group. He formally took over from Roland van Wijnen from 01 December 2023.

Dec 04, 2023

The Bubblegum Currency: Year-to-Date Losses Skyrocket 87%

The beleaguered Zimbabwe dollar, has widened year to date deterioration rate by 87% from 86% last year against the United States dollar. In recent trading on Tuesday’s RBZ governed auction market, the

Nov 23, 2023

Omnia Zimbabwe Challenges Tax Assessment on Foreign Currency Transactions

In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.

Nov 21, 2023

Broken, Crumbled, Eclipsed Wings: Air Zimbabwe's Leadership Roulette

Air Zimbabwe, the struggling national carrier, has appointed Edmund Makona as its new Chief Executive Officer (CEO). With 38 years of industry experience, Makona brings a wealth of expertise to the r

Nov 20, 2023

Corporate Action Summary

NMBZ Holdings Limited announced the retirement of Mr. Benedict Chikwanha from the Board with effect from 31 December, 2023, after having served ten years on the board, nine of which he served as Board

Nov 20, 2023

Zimbabwe Dollar Stays Stable Amidst Artificial Shortage

The Zimbabwe Dollar remained relatively stable in the latest auction market held on Tuesday, with minimal changes in its value. The exchange rate shifted from ZWL5738.7217 on November 7th to ZWL5755.7

Nov 16, 2023

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