ZIMRE Holdings (Zimre) is looking at unlocking some value from its investment property portfolio with the anticipated listing of the Eagle Real Estate Investment Trust (REIT). Our staff writer Almot Maqolo (AM) recently had a chat with group chief executive officer Stanley Kudenga about the company’s prospects. Below are excerpts from the interview: AM: How…
BUDDING agriculture commodities bourse, the Zimbabwe Mercantile Exchange (ZMX) is con fident of growth as participation by both farmers and financial institutions ticks up. ZMX is operated by the Financial Securities Exchange (FINSEC) and was founded as a joint venture between FINSEC and TSL Limited, representing the private sector and the government of Zimbabwe. “2023…
THE Deposit Protection Corporation (DPC) says about US$25 million is needed to fully compensate the People’s Own Saving Bank (POSB) depositors for value loss. The government provided US$400 000 through Kuvimba Mining House to make up for the value loss suffered by small depositors as a result of the exchange rate movement as of February…
THE onset of Zimbabwe’s election season has not affected the momentum of stock trading on the country’s two major exchanges, a trend analysts expect to sustain throughout the entire process. It comes as loose sentimentalism has not driven stock prices in Zimbabwe since the late former President Robert Mugabe’s resignation wiped billions of dollars off…
ZIMBABWEAN companies that participated at the just-ended Zambia agricultural and commercial show (ZACS) are expected to exceed the US$4 million worth of deals that were sealed last year. According to trade development and promotion body, ZimTrade, more than 20 000 people visited the Zimbabwean pavilion during the duration of the show between August 2 and…
THE Zimbabwe National Chamber of Commerce (ZNCC) says the country’s ties with Russia could be critical for the success of its economy. This comes as Russia has pledged its support for Zimbabwe’s bid to join the Brics New Development Bank. It also follows Zimbabwe’s participation at the recent Russia-Africa economic and humanitarian summit, where President…
NATIONAL Tyre Services (NTS) says it is expecting an increased demand for tyres, related products and services in the build-up to general elections. Zimbabwe’s general elections are scheduled to be held on August 23, 2023 to elect the President and members of both houses of Parliament, as well as local authority representatives. “We are projecting…
Leading truck manufacturer UD Trucks is back with a bang in the commuter transport industry following the introduction of the all-new UD Croner Bus. Exclusively available from Croco Commercial, the…
The versatile, rugged, and yet classy Mahindra Karoo S11 has arrived in Zimbabwe with the promise of an exhilarating driving experience paired with exceptional capabilities that make it a dominant…
ZIMBABWE’S only exchange-traded Real Estate Investment Trust (REIT), Tigere Property Fund, reached 100 percent occupancy for the half year ended June 30, 2023, buoyed by an upsurge in demand for space at its assets. The Terrace Africa Asset Management (Terrace) fund, which started trading on the Zimbabwe Stock Exchange at the beginning of December last…
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