THE Middle East’s business hub, Dubai, says it wants to grow business relationships with Zimbabwe, as it views Africa as a continent ready to fulfill its potential. Dubai International Chamber’s Middle East and Africa regional manager, Khalid Al Ali, told a national exporters conference in Harare that his home city’s success story was due to…
ZIMTRADE says growing global demand for spices, coupled with dwindling supply from traditional source markets, presents an opportunity for local producers to increase chilli pepper exports into the world market. In a new note, the trade development and promotion body said demand was projected to go up due to consumers’ inclination towards organic and natural…
SIMBISA Brands (Simbisa) has set an ambitious target for its more developed markets — Zimbabwe and Kenya — to increase revenue streams through delivery channels and grow market share through new store openings. The African-focused restaurant company, which operates in nine African countries, owns and runs a portfolio of brands targeting consumers across all income…
OLD Mutual Zimbabwe (OM) chief executive Sam Matsekete says engagements with the government over the suspension of trading of the financial services group’s shares on the Zimbabwe Stock Exchange (ZSE) are showing “promise”. Fungibility of the OM’s shares on the ZSE was suspended in July 2019 — along with that of Seed Co International (Seed…
THE Financial Gazette and the Zimbabwe Agricultural Society, in partnership with CBZ Bank will publish the findings of the 4th edition of the Zimbabwe Agricultural Sector Survey on November 23, 2022.…
THE adoption of climate-smart agriculture will help boost productivity in the country and shield farmers against the ravaging effects of climate change, a leading economic advisory and investment firm has said. This comes as changing weather patterns have already affected Zimbabwe’s food security situation, as well as more than 60 percent of Zimbabweans who depend…
SIMBISA Brands (Simbisa) shares have gained 61 percent on the Zimbabwe Stock Exchange (ZSE) since the board of the quick-service restaurant operator announced plans to migrate its listing to the Victoria Falls Stock Exchange at the end of September. In comparison, the ZSE All Share Index gained about eight percent during the same period. It…
THE country’s first Real Estate Investment Trust (REIT), the Tigere Property Fund, will help broaden capital markets and improve financial inclusion, analysts say. This comes after asset management firm, Terrace Africa, launched the Tigere Real Estate Investment Trust, also known as the Tigere Property Fund, last week in preparation for listing on the Zimbabwe Stock…
THE government says close to one third of the total wheat crop has been harvested so far. Information minister Monica Mutsvangwa told a post-cabinet press briefing this week that current wheat stocks stand at 159 706 metric tonnes, and are expected to provide over six months’ cover at a consumption rate of 21 000 metric…
THE Victoria Falls Stock Exchange (VFEX) could more than double its listings before the end of 2022, as seven entities have so far confirmed plans to quote assets on the US dollar-denominated exchange. The market, launched in 2020 to promote foreign direct investment into Zimbabwe, has only four listings — Seed Co International, Padenga Holdings,…
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