REITs to underpin ZSE 2024 prospects
Despite a slowdown in real US dollar terms in 2023, Real Estate Investment Trusts (REITs) are still expected to anchor this year’s growth prospects on the Zimbabwe Stock Exchange (ZSE). … Read More
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Pressure mounts on some African currencies, AfDB
African currencies faced significant pressures in 2022 and 2023, with Zimbabwe among others leading in depreciation against the US dollar amidst rising global interest rates and persistent global uncertainty, the … Read More
Platinum miners maintain expansion plans as PGM prices continue to weaken
Zimbabwe’s platinum producers are continuing with their expansion plans despite a very challenging environment characterised by the worst platinum group metals (PGM) prices in recent times. The country’s operating PGM … Read More
Long wait for monetary policy keeps ZSE bleeding
During the past four – day trading week, the ZSE continued on a bearish trend, with losses in counters such as CBZ, OK Zimbabwe, Meikles and Econet among the losers. … Read More
Tanganda lines up value addition projects
AGRO manufacturing concern, Tanganda Tea Company Limited, has several value addition projects in the pipeline to increase profitability and manage costs. This comes as the firm experienced a loss of … Read More
CFI Holdings seeks strategic ideas to procure raw materials
AGRICULTURE-BASED industrial holding firm, CFI Holdings Limited (CFI), is seeking strategic ideas to procure raw materials to sustain operations and curb losses emanating from the effects of El Niño. The … Read More
‘No hurry to rejoin London Bullion Market Association’
ZIMBABWE cannot be hurried to seek re-admission to the London Bullion Market Association (LBMA) from which it was suspended in 2008 as the country is presently trading its gold to … Read More
Industry buckles under weight of wider exchange rate disparity
The sustained widening of the Zimbabwe dollar exchange rate is once again weighing heavily on compliant formal businesses by discouraging US dollar sales through pricing disparities, the country’s largest industrial … Read More
Zida launches electronic licensing portal
The Zimbabwe Investment and Development Agency (ZIDA) has launched its electronic do-it-yourself (DIY) licensing portal, fulfilling its commitment to streamline the investment licensing process and improve the ease of doing … Read More
Mushayavanhu pins hope on forthcoming MPS
The forthcoming 2024 Monetary Policy Statement, will adequately deal with most of the challenges bedevilling the country’s economy and the banking sector in general, according to incoming central bank governor … Read More
