Companies

Zimbabwe

Bank of Namibia raises interest rates to safeguard currency peg, despite impact on consumers

Windhoek - The Bank of Namibia's decision to increase the repo rate by 50 basis points, from 7.25% to 7.75%, with immediate effect, has left many Namibian consumers struggling to survive. The repo rat

Jun 19, 2023
Zimbabwe
Corporate Action Summary

Padenga Holdings Limited issued a Cautionary Statement on the 16th of June, 2023, advising shareholders and members of the public that the Company is considering the re-organization of the affairs of

 Jun 19, 2023
Zimbabwe
RBZ releases report on foreign exchange auction allotments and payments for May 2023

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

 Jun 16, 2023
World
South African Rand Surge Ahead of Fed Decision

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

 Jun 15, 2023
Companies
A Roaring Success’s Legacy: Ciaran McSharry Steps Down as FCA MD

Ciaran McSharry has stepped down as the Managing Director (MD) of First Capital Bank (FCA) according to a circular released by the Bank on the 12th of June 2023. He was the MD since 2020 and held the

 Jun 15, 2023
Companies
First Capital Bank Appoints New Managing Director

First Capital Bank, a Victoria Falls Stock Exchange -listed outfit has appointed Tapera Mushoriwa as the new Managing Director (MD). In a circular, the Bank said Mushoriwa will take over from Ciaran

 Jun 12, 2023
Zimbabwe
Corporate Action Summary

Banking company, ZBFH, issued a notice to shareholders and other stakeholders about its 34th Annual General Meeting (AGM) which will be held virtually via ZOOM on Friday, the 30th of June, 2023 at 103

 Jun 12, 2023
FBC Holdings Limited Acquires Standard Chartered's Business in Zimbabwe

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

Jun 08, 2023
South African Rand Holds Steady Amidst Positive Momentum

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

Jun 08, 2023
Malawi Stock Exchange: A Bright Spot in Africa's Capital Market

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

Jun 06, 2023
Corporate Action Summary

First Mutual Properties Limited also announced that its 20th AGM of members will be held at 0930 hours on Tuesday, 27 June, 2023 at First Mutual Office Park, 100 Borrowdale Road, Harare. Among the res

Jun 05, 2023

Econet Expands Technological Capabilities, Splashes US$66 MN on Network Upgrades

As part of its nationwide expansion within the telecoms industry, the largest telecommunications Group, Econet Wireless Zimbabwe Limited has added twelve 5G base stations during the year. Econet launc

Jun 05, 2023

Nedbank in Solid Start to 2023

Nedbank warned that risks to its full-year outlook are rising from South Africa’s weakening economy, where growth has been hit by power cuts, weak global demand, and rising rates.

Jun 02, 2023

Riding the Hyperinflationary Storm: First Mutual Delivers Solid Q1’FY23 Performance

In the face of persistent macroeconomic instability and hyperinflation in Zimbabwe, First Mutual Holdings Limited was able to navigate treacherous waters to deliver a robust set of results for the qua

May 30, 2023

Understanding the Risks: An Overview of the South African Market for Investors and Businesses

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

May 30, 2023

Patchwork Power Solution Provides Fragile Respite as Hwange Unit 7 Joins National Grid

Zimbabwe’s Hwange Power Station Unit 7 has been officially integrated into the national power grid, adding 300MW of electricity generation capacity. This milestone comes after the power plant successf

May 29, 2023

Corporate Action Summary

Edgars Stores Limited announced that the 74th Annual General Meeting of members will be held at 08:30 hours on Thursday, the 15th of June, 2023, at the Edgars Training Auditorium, 1st Floor LAPF House

May 29, 2023

Colcom Expands Piggery Operations with New Feed Mill Investment

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

May 26, 2023

Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

May 24, 2023