Zimbabwe

Zimbabwe

Corporate Action Summary

As the policy change in inflation figures continue to weigh on valuations, the duo of clothing retailers, Truworths and Edgars, have announced an extension to the publication date of financial results

Apr 24, 2023
World
Zimbabwe’s Potential of Reclaiming Bread Basket Status

The breadbasket of a region is a country which, because of the richness of the soil and/or advantageous climate, produces large quantities of grain and other agricultural output. In a recent report fr

 Apr 21, 2023
World
Government Raises GDP Forecasts by 2.2 Percentage Points Due to Positive Agricultural Performance

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Apr 21, 2023
Zimbabwe
Zimbabwe Dollar Hits 1000 Mark on Formal Market, Premium Widens by 42%

The embattled Zimbabwe dollar has taken weekly losses to 4%, a record loss since the beginning of the year, as more pressure for the ailing currency mounts ahead of 2023 elections. Zimbabwe dollar tra

 Apr 20, 2023
Zimbabwe
Zimbabwe Urges Artisanal and Small-Scale Miners to Increase Bankability of Projects

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Apr 20, 2023
World
Commodities Perspective Corner: Ukraine Grain Deal with Poland Provides Lifeline but Concerns Remain for African Importers

Ukraine recently struck a deal with Poland to resume grain exports overland after a temporary ban. While this provides a lifeline for Ukraine to export its grain, the fate of its seaborne exports from

 Apr 20, 2023
Zimbabwe
MoM ZSE Performance Review

Despite some intense levels of oscillation, the Zimbabwe Stock Market (ZSE) has seen a positive trajectory on a month-on-month basis, with the ZSE All Share Index increasing from 33715.26 points on 17

 Apr 19, 2023
The Persistent Electricity Crisis in Zimbabwe: Ramifications for Businesses and the Quest for Sustainable Resolutions

Zimbabwe continues to grapple with a protracted electricity crisis, which poses a considerable operational risk to numerous enterprises within the nation. Consequently, these companies find themselves

Apr 18, 2023
Erosion of Value in Zimbabwe: Hyperinflation and Exclusion from Old Mutual Limited's Key Performance Metrics - Old Mutual Limited Releases 2022 Integrated Report

The value of the business in Zimbabwe is reduced to zero in Group equity value due to the continued impact of hyperinflation on the Zimbabwean economy. However, the Zimbabwe business remained profitab

Apr 18, 2023
Macron's Remarks on Europe's Non-Involvement in US-China Conflict over Taiwan: Implications for Africa's Trade

In recent remarks, French President Emmanuel Macron emphasized Europe's stance on non-involvement in the escalating conflict between the United States and China over Taiwan. The situation has been gro

Apr 17, 2023
Corporate Action Summary

Edgars issued an announcement to Shareholders and other stakeholders about the unanticipated delays in the finalization of the audit process which has necessitated a move to defer the publication of t

Apr 17, 2023

Tharisa's Operational and Market Updates: Karo Resources' Development and Zimbabwe's PGM Potential

Tharisa, the South African chrome and platinum group metals (PGM) miner, recently announced its operational and market updates for the second quarter of its financial year. The company's CEO, Phoevos

Apr 14, 2023

New Indonesian Nickel Indices Could Be a Game-Changer for Bindura Nickel Corp

For Bindura Nickel Corp and other miners outside Indonesia, the new indices could give better insight into price trends and improve their bargaining power with offtakers. Bindura Nickel Corporation is

Apr 14, 2023

Zimbabwe's Tobacco Industry Under Threat: Growers Suspected of Side Marketing

The Zimbabwean tobacco industry, is facing challenges with suspected side marketing by contracted tobacco growers. As a result of this illegal practice, the Tobacco Industry and Marketing Board (TIMB)

Apr 14, 2023

BAT Forfeits Over ZWL17 Billion to ZIMRA Taxes

Manufacturer and distributor of tobacco products, British-American Tobacco Zimbabwe Limited has paid ZWL17.5 billion in taxes to the government during the full year ended 31 December 2022, resulting i

Apr 14, 2023

Investment Polyphagia: Unpacking Simbisa’s New Projects

Diversified largest fast-foods outlet in Zimbabwe, Simbisa Brands is targeting to roll in new 49 stores in the second half of the full year ending 30 June 2023, enhancing its broader footprint in the

Apr 13, 2023

Zambia Approaches Debt-Restructuring Agreement

-Zambia is a step closer to finalizing its long-awaited debt-restructuring agreement with its official bilateral creditors. The nation’s treasury secretary, Felix Nkulukusa, recently announced that th

Apr 13, 2023

Bear-run on VFEX: Investors in despair

The Victoria Falls Stock Exchange (VFEX) has been on a negative trajectory for close to five months now, and has succumbed to a -4% decline since the beginning of the year. This is inverse to the prim

Apr 12, 2023

Overvalued Auction Market Rate Almost Doubled

The Zimbabwe dollar continues losing more ground against the greenback after hitting ZWL959.3111 against the US dollar on the 11th of April 2023. When the Zimbabwe dollar was reintroduced in 2019 and

Apr 12, 2023