Search results for 'interbank market'
Zimbabwe
The Zim Dollar's Traction and Prices Conundrum

The Zimbabwe dollar exhibited its fifth consecutive period of appreciation, trading at ZWL4505.4232 against the greenback, up from ZWL4771.3854. This marked a significant week-on-week increase of 6%,

Jul 28, 2023
Zimbabwe
Weekly Currency Review: Is ZiG’s Stability Fundamentally Driven or Cosmetically Defined?

The local currency, the ZiG, has maintained a stable performance for nearly a year, marking a significant milestone in the country’s economic landscape. On September 16, 2025, the ZiG opened the week

Sep 16, 2025
Zimbabwe
RBZ Says Zimbabwe Has Sufficient Foreign Currency to Support ZiG Payments

eserve Bank of Zimbabwe Governor John Mushayavanhu has assured public sector suppliers, contractors, and the broader business community that the country holds sufficient foreign currency resources to

Mar 17, 2026

Top Stories

Eagle REIT Profit Jumps 1,100% as Mazowe Walk Opens at 93% Occupancy

Eagle REIT has recorded a profit of USD 213,936 for the first quarter ended 31 March 2026, against USD 17,828 in Q1 2025, a growth rate of approximately 1,100%, a more than tenfold increase in a singl

8 minutes ago

ZECO’s Occupancy Push Hits Revenue Wall, Q1 Sales Slip

ZECO’s retail property portfolio occupancy rate has rose to 55.88% in the first quarter ended 31 March 2026, up from 46.67% in the corresponding period last year, a 921 basis point improvement. This r

35 minutes ago

Harare Moves Closer to BRICS Bank: NDB Starts Membership Talks

When Harare announced formal accession talks with the New Development Bank on 15 May 2026, it signalled its place in the defining financial contest of our era, Aliko Dangote’s USD 1 billion pivot to Z

1 hour ago

Mthulinomics: AfDB Approves USD 4 Million Grant for Debt Clearance Process

The African Development Bank Group has approved a USD 4 million grant to support Zimbabwe’s arrears clearance and international re-engagement efforts through the Zimbabwe Arrears Clearance Dialogue En

1 hour ago

Simbisa’s Big Run: US$85 Million Revenue Growth Faces Margin Test

Simbisa Brands, Zimbabwe's largest quick service restaurant operator, closed the third quarter of 2026 financial year with group revenue of US$85.3 million, up 23% year on year, driven by a 14% increa

16 hours ago

WestProp’s 80% Revenue Jump Faces Profit Conversion Test: Tax Consumes Half of Incremental Profit

WestProp Holdings Limited has reported revenue of USD 8.06 million for the first quarter ended 31 March 2026, an 80.2% increase on the USD 4.47 million recorded in Q1 2025, with net profit reaching US

21 hours ago

Zimbabwe’s 2026 Cotton Marketing Season Opens Amid Recovery in Output and Area Expansion

The broader significance of the 2026 cotton season lies in what it signals about rural agricultural recovery. The simultaneous increase in output, hectarage, and marketing infrastructure suggests that

1 day ago

The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge

Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al

1 day ago