THE CEO Africa Roundtable has highlighted the need for rectification of the complex monetary system in Zimbabwe to facilitate the opening of the credit market and provision of long-term funding. Chairman of the roundtable, Oswell Binha, urged authorities to provide leadership in shaping the desired economic future. “We believe that efficient and sustainable economic growth…
FASTJET Zimbabwe this week launched its “Amazing Zimbabwe” marketing campaign, which focuses on promoting the lesser-known attractions of the country. According to the airline, the “Amazing Zimbabwe” tagline aligns with four core themes intended to represent the nation comprehensively: Rich Traditions, Splendid Heritage, Iconic Sites, and Great People. Fastjet spokesperson Nunurai Ndawana emphasised the campaign’s…
TSL is engaging other African commodity exchanges, through the Zimbabwe Mercantile Exchange (ZMX), to secure imports ahead of anticipated crop shortfalls from the El Niño weather pattern. The country’s 2023/24 agricultural season is forecast to receive below-normal rainfall, impacting staple grains and cereals. “We are working through the ZMX to import commodities from other African…
MUTAPA Investment Fund (Mutapa) is evaluating an investment in Tongaat Hulett (Tongaat) alongside Vision Consortium (Vision), officials say.
SEVERAL companies listed on the Zimbabwe Stock Exchange (ZSE) have refrained from declaring their half-year dividends, citing economic uncertainty and the necessity to conserve cash. Despite the norm of distributing dividends annually in both cash and stock forms, with some fundamentally strong companies in the country’s stock market paying quarterly and semi-annually as interim dividends,…
THE Cotton Company of Zimbabwe (Cottco) is expecting to break even in its financial performance for the year ended March 31, 2024 in US dollar terms buoyed by the improved cost management. In a trading update for the quarter ended January 31, 2024, the company said it settled US$19,6 million, and $7,2 billion of the…
PREMIER African Minerals (Premier) says it sees promising developments in the tantalum market and aims to strategically position itself to benefit from them. “Our primary objective remains producing high-grade spodumene for premium pricing,” Premier chief executive George Roach explains. “However, the tantalum reserves present a lucrative opportunity we cannot ignore.” The mining and natural resource…
THE Securities and Exchange Commission of Zimbabwe (SecZim) has implemented deterrent measures and moral suasion to stem the tide of Zimbabwe Stock Exchange (ZSE)-listed companies migrating en masse to the US dollar-denominated Victoria Falls Stock Exchange (VFEX). This development follows the recent announcement by Edgars Stores of its intention to move its listing to the…
THE Confederation of Zimbabwe Retailers (CZR) has stated that it does not foresee any price increases following the reintroduction of duty on select basic commodities, insisting that local manufacturers possess sufficient capacity. This comes amid public apprehension over potential price hikes, a common consequence of such measures. CZR President, Denford Mutashu, asserted in a statement…
COTTCO Holdings (Cottco) expects to break even by the end of its fiscal year in March 2024, despite facing challenges caused by the El Niño weather phenomenon and tight liquidity conditions, the company said in an update this week. Like other Zimbabwean companies, Cottco has been affected by the tight liquidity situation in the economy.…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More