Zimbabwe’s ailing but massaged currency, the Zimbabwe dollar increased at a decreasing rate of 0.4% on the 24th of October 2023 on RBZ’s governed liberalized auction market rate. This marks the small
Oct 25, 2023
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
The Board of Directors of ZB Financial Holdings Limited announced the appointment of Luxon Zembe as Chairman of ZB Financial Holdings Limited Board with effect from 1 August 2023. Luxon is a prominent
The Board of Directors of Zimre Holdings Limited (ZHL) announced the appointment of Messrs Richard Morgan and Nicholas Mugwagwa Vingirai to the Board effective 28 July 2023. This follows their electio
The Zimbabwe dollar has witnessed one of the most insignificant drops in the latest auction market held on the 10th of October 2023, trading at ZWL5633.9332 compared to ZWL5591.9615. This decline is
The government has recently issued US$5 million worth of treasury bills (TBs) with a maturity yield of 90 days. These TBs are specifically intended for government programs and managing cashflow. As p
The board of directors of Caledonia Mining Corporation Plc declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares with a record date of 13 October, 2023. The
The decline in nickel prices on the LME, which have fallen by 38% this year, underscores the challenging environment faced by nickel producers. Several factors have contributed to this situation, incl
Cigarette maker and distributor, British-American Tobacco (BAT), has reported a half-year loss for the period ended 30 June 2023. This loss is particularly significant as it has doubled from the previ
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
Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift
Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, effective 01 July 2022, there has
Total sugar produced during the 5 months to August 2023 dropped by 9% to 66,319 tons Local sales have experienced a decline of 12% Upcoming months will be crucial for Hippo Valley as rainfall patterns
The Reserve Bank of Zimbabwe has maintained the bank policy rate at 150% according to the resolutions of the latest monetary policy committee held on September 26th, 2023. This decision comes even tho
On the latest RBZ-governed auction market held on September 26, 2023, the Zimbabwe dollar experienced a weakening, reaching ZWL5252.6558. This depreciation further reinforces the losses from the previ
Zimbabwe's daily electricity generation dipped to 1556 megawatts from the previous day's record of 1681 megawatts, as reported by the Zimbabwe Power Company in its latest data release. Hwange Power S
Zimbabwe's electricity generation reached its highest output on September 25th, as reported by the Zimbabwe Power Company. This is the highest outturn in three months. A total of 1681 megawatts was
The Board of Directors of Mashonaland Holdings Limited declared an interim dividend of USL128 414, amounting to 0.00761 US cents per share, and ZW$258 980 496, amounting to ZWL0.1535 per share in resp
PPC Limited has reported a 3% growth in sales volumes for the five months leading up to August 31, 2023, as stated in the company's latest trading update. This positive performance was primarily drive
