November 2024

Afdis volumes gush up by 11 pct

AFRICAN Distillers Limited (Afdis) volumes shot up by 11 percent during the half year ended September 30, 2024 driven by ready-to-drink and wine segments which grew by 22 percent and 13 percent respectively. (more…)

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November 7, 2024

Companies & Markets

Another extension for CBZ mandatory offer

CBZ Holdings has been granted another extension by the Zimbabwe Stock Exchange (ZSE) to complete a mandatory offer to minority shareholders of First Mutual Holdings (FMHL) by November 30, 2024. CBZ acquired a 31,22 percent stake in FMHL from the firm’s majority shareholder, the National Social Security Authority…

November 7, 2024

Companies & Markets

Zeco bets on rental income growth

ZECO expects increased rental income from office space currently under renovation to anchor its earnings performance in the near future. (more…)

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November 7, 2024

International News

Mozambique’s defense minister warns of a plot to seize power

Mozambique’s defense minister warned of preparations by unspecified people to try and seize power after the country’s disputed election, as neighboring South Africa closed a key metals-trade route because of violent protests at the border. The security forces in Mozambique are ready to protect the nation’s interests, while they remain…

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November 7, 2024

Companies & Markets

Fitch sees economy growing 1,9pct

FITCH Solution has projected a sharp drop for Zimbabwe's economic growth from an estimated 5 percent in 2023 to just 1,9 percent in 2024. (more…)

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November 6, 2024

Plan to improve air-connectivity

THE government has approved a comprehensive Air Services Development Plan aimed at enhancing air-connectivity to and within the country. (more…)

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November 6, 2024

International News

Trends in the Financial Sector Discussed at the “Creating the Future” Symposium

JOHANNESBURG, – PARTICIPANTS of the panel discussion “Currency of the Future,” held at the International Symposium “Creating the Future” at the National Center “Russia,” discussed global changes in the financial sector.…

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November 6, 2024

Opinions

Non-residents’ tax on royalties

THE taxation of royalties for non-residents in Zimbabwe involves a complex framework that places obligations on both residents and non-residents engaging in cross-border transactions. (more…)

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November 5, 2024

Diamond production surges 22 percent

ZIMBABWE’S diamond production surged by 22,2 percent in the second quarter of 2024, reaching 1,47 million carats, compared to 1,2 million carats in the same period last year, according to the latest data. (more…)

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November 5, 2024

‘ZiG stability hinges on super demand’

Zimbabwe's currency, the Zimbabwe Gold (ZiG), may achieve stability only when demand for it reaches critical levels within the economy, says Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee member Persistence Gwanyanya. (more…)

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November 4, 2024

Tuesday, 7 January 2025

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