Zimbabwe

Zimbabwe

What is wrong with Ariston Holdings Limited?

2022 has been an unfortunate year for many companies in Zimbabwe. The economic environment remained turmoil with the obvious headwinds, inflationary pressures, scarcity of foreign currency and exchang

Jan 09, 2023
Zimbabwe
Equipment delivery delays drags BNC performance

Bindura Nickel, a VFEX-listed mining giant has recorded a H’Y 2022 financial period results plunged in losses. The nickel mining cooperation company’s loss pool primarily originated from a 16% recorde

 Jan 04, 2023
Zimbabwe
Resurrection of the energy sector has been marked

Zimbabwe's energy sector has made some positive recovery after the sector and the government have tirelessly worked towards restoring order. This has been seen as the government recently disbursed US$

 Dec 20, 2022
Zimbabwe
President’s grip on re-engagement efforts falter: As Harare-Washington tension heightens

One of the underlying factors of the National Development Strategy 1 (2021-2025) is to turn around the fortunes of the country through re-engaging with the Western countries particularly the USA, UK a

 Dec 16, 2022
World
Nigerian Banks commence issuing new naira notes

Nigerian Banks started issuing new naira notes today in conformity with directions from the Central Bank of Nigeria. Today, commercial banks will start dispersing the eagerly anticipated, newly redesi

 Dec 15, 2022
Zimbabwe
Sustained aggressive monetary stance: Can it save the dire economy?

On the fifth of December 2022, the government, through the Reserve Bank of Zimbabwe issued a circular about the resolutions agreed upon by the Monetary Policy Committee (MPC) in the meeting held on th

 Dec 15, 2022
Zimbabwe
Diminished Communications Network (DECONET): Econet fails to cast out load-shedding demon

Known for its drive to identify and solve traditional and modern-day problems through modern-day solutions which are typically tech-driven, Econet Wireless has grown to be a household name in Zimbabwe

 Dec 12, 2022
The “so-called” enhanced financing approach: Were government guarantees the way to go?

About three years ago, the Government of Zimbabwe partnered with several commercial banks as it sought to increase the administrative efficiency of agricultural financing under the Command Agriculture

Dec 12, 2022
Zim’s Banking Sector taking economy where it should be?

Zimbabwe’s undying but slowly suffocating problem has been inflationary pressures and the MPC implored multiple tools to reduce the pressures. The financial sector has remained the focal point for con

Dec 12, 2022
Tongaat Hulett, Hippo Valley and the anatomy of a scandal

The ramifications of Tongaat Hulett’s balance sheet fraud, allegedly carried out by former chief executive Peter Straude and other managers, have been on full display this year. While the issue has be

Dec 12, 2022
Time for Africa to be self-sufficient

20,000 metric tons of fertilizer made in Russia were shipped from the Netherlands to Malawi as part of a pact mediated by the United Nations to maintain agricultural products flowing to international

Dec 07, 2022

The CZI Reports that trading volumes in 2022 have increased from 2021

The results of the 2022 3rd Quarter Business and Economic Intelligence Survey have been published. This exercise was conducted and circulated by the Confederation of Zimbabwe Industries with the aim

Dec 06, 2022

Fossil Mines takes charge of Lafarge Zimbabwe

Fossil Mines is a consortium of entrepreneurs led by Obey Chimuka. The conglomerate has concluded its Lafarge takeover after completing the purchase of a 76.45% stake held by Lafarge Holcim's subsidia

Dec 06, 2022

Why Zimbabwe is making massive strides, Despite economy-wide criticism?

The economic historical backgrounds of many developing countries, Zimbabwe included, have for many decades depended upon foreign aid dating back to the creation of the African debt crisis, now commonl

Dec 06, 2022

Mining deficit outlook becoming scary day by day

The mining sector is the second largest national income generator after wholesalers and retailers producing 11% of national income, 83% of exports, 19% of government revenue, 2% of direct formal

Dec 06, 2022

Vertical farming a viable solution for Zim’s intermittent rainfall

The Zimbabwean economy is rooted in agricultural productivity, according to the National Economic strategy, NDS1 (National Development Strategy1). Agriculture has an important role in Zimbabwe's long-

Dec 06, 2022

RBZ maintains the bank policy rate, cites review in Q1 2023.

The resolutions of the RBZ’s Monetary Policy Committee (MPC) held on the 2nd of December 2022 comes at a time when the economy is beginning to witness a rise in the parallel market rate, which is now

Dec 06, 2022

AfDB 2022 industrialization report cements the need for Africa to industrialize.

Africa has remained the major supplier of primary commodities, particularly agricultural products and mineral resources, to the rest of the world since the turn of the century.

Dec 06, 2022

It never rains but pours for the energy sector in Zimbabwe.

OPEC+ has Made a decision to maintain production levels at current levels despite widening supply gaps in the market. The decision comes at a time China is expected to see spikes in demand as the late

Dec 05, 2022