. . . funds set for offshore investments
Government is working on a Bill that will allow local pension funds to invest in offshore markets including on the Victoria Falls Stock Exchange which will trade in hard currency … Read More
Category: Markets
Fidelity Life terminates restructuring plans
Zimbabwe Stock Exchange-listed insurance concern, Fidelity Life Assurance Zimbabwe has cancelled plans to raise new capital. The development comes on the heels of last week’s announcement by Zimre Holdings Limited … Read More
VFEX will deal with exchange rate risk
The launch of the Victoria Falls Stock Exchange (VFEX) is meant to deal with exchange rate risk from portfolio investment into the country, Finance and Economic Development Minister Mthuli Ncube … Read More
Fidelity Life shelves plans to raise capital
Zimbabwe Stock Exchange-listed insurance concern Fidelity Life Assurance Zimbabwe has cancelled plans to raise fresh capital. The development comes on the heels of last week’s announcement by Zimre Holdings Limited … Read More
Forex Auction, Zim dollar sees another week on the up. Rate at 81.7076
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 … Read More
The unsettling stability of the FX market
The foreign currency auction market has held up so far. At its best, the Zimbabwe dollar has strengthened against the US$ on more than one occasion in the last two … Read More
Banks at receiving end of a stabilizing FX Market
It is an inconvenient truth, but most banks have been net beneficiaries of the uneven foreign exchange market. They found themselves in a position to arbitrage and leverage the forex … Read More
ZSE rally continues
The Zimbabwe Stock Exchange (ZSE) extended gains for the 13th session as it remained afloat in week-ending trades. All key indicators closed Friday’s session pointing northwards. The primary indicator, the … Read More
Zimre seeks to regain total control of Fidelity
Listed diversified financial services group, Zimre Holdings Limited (ZHL), has tabled share purchase agreements with shareholders of Fidelity Life and Zimre Property Investments (ZPI) in a move that will give … Read More
Heavyweight counters lead ZSE rally
The Zimbabwe Stock Exchange rallied again yesterday with all indices closing the day in the positive territory. The gains so the ZSE Market capitalisation close the day at $198 billion … Read More
