Markets

Zimbabwe

Hippo Valley Estates Limited granted 99-year leases for land in Zimbabwe's Lowveld

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 30, 2023
Zimbabwe
Zimbabwean Dollar Surges Significantly for the First Time Boosting Prospects for Currency Stability

The Zimbabwean Dollar (ZWL) experienced a significant appreciation of 9% on the Reserve Bank of Zimbabwe (RBZ)-governed Foreign Exchange Auction Market, marking its first notable gain since the reintr

 Jun 28, 2023
Zimbabwe
Persistent Currency Volatility Triggers ZSE to Review Charges by 900%

The Zimbabwe Stock Exchange (ZSE) has revised its minimum transaction thresholds for ZSE Direct due to the persistent currency depreciation in the country. The latest depreciation recorded was a doubl

 Jun 26, 2023
Zimbabwe
Corporate Action Summary

CBZ Holdings Limited announced that it will hold the 31st Annual General Meeting (AGM) of its shareholders on Friday, the 21st of July, 2023, at 1600 hours via the virtual platform, https://polling.ft

 Jun 26, 2023
World
Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w

 Jun 26, 2023
Zimbabwe
ZWL Appreciates Against US$, Prospects of Currency Stability

The local currency, ZWL, appreciated against the United States Dollar (US$) for the first time this year on the 22nd of June, 2023, on the interbank market. The local unit firmed by a staggering 1.26%

 Jun 22, 2023
World
Mr Price Posts 6% Fall in Annual Profit Amidst Inflationary Pressure and Power Cuts

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 22, 2023
Why the Namibia Stock Exchange is Ready to Take Off

Why the Namibia Stock Exchange is Ready to Take Off The Namibia Stock Exchange (NSX) is ready to ascend to new heights after being admitted as a full member of the World Federation of Exchanges (WFE)

Jun 20, 2023
ZSE Loses its Status as a Safe Haven for Currency Hedge as Inflationary Pressures Worsen

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 20, 2023
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
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

PPC Releases Trading Update, Projects Drop in Earnings

Trading conditions remained difficult in South Africa, PPC’s largest market, with cement volumes down 5.8% although selling prices rose 8%. The smaller materials business suffered an EBITDA loss of R6

Jun 16, 2023

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

ZSE Plunges as Investors Panic

On Tuesday, the 13th of June, the Zimbabwe Stock Exchange (ZSE) halted a bull-run that had stretched to 22 consecutive sessions under which the market garnered 208% nominal gains. The mainstream ZSE A

Jun 14, 2023

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

Understanding Circuit Breakers: ZSE implements cool-off periods

Since the beginning of June, the Zimbabwe Stock Exchange (ZSE) has instituted a trading halt in more than two sessions. A 30-minutes cooling off period is typically implemented when the mainstream ZSE

Jun 09, 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

New Measures to Counter New Measures: RBZ changes stance on Monetary Policy

Following the implementation of economic measures announced on 11 May 2023 and 29 May 2023 respectively, the Central Bank introduced new measures on the 6th of June, 2023 meant to curtail exchange rat

Jun 07, 2023