ZIMBABWE will soon start designating Special Economic Zones (SEZ) after the country gazetted the statutory regulations that activated powers of the statutory body. The Zimbabwe Special Economic Zones Authority (Zimseza) was set up in a staggered process that was only wound up recently with the appointment of Edwin Kondo as chief executive after almost a…
ZIMBABWE’S economy is yearning for the revival of the Zimbabwe Iron and Steel Company (Zisco) whose inactivity over the past decade has created a serious gap in the local industry. Zisco, which was once the largest integrated steel works in the region, closed in 2008 and industry is hoping that the latest revival bid involving…
A New entrant in Zimbabwe’s energy, Bulls Power Fuels, says it will provide cleaner and efficient energy solution to the country as it envisage increasing demand of liquid petroleum gas (LPG) usage in the country. The company is targeting 200 000kg of LPG within the next 36 months as it looks to grow market…
OVER the past 20 years, Econet Wireless Zimbabwe Limited ( Econet) has grown from being a start-up to be the most valuable listed company in the country. With a Zimbabwe Stock Exchange (ZSE) market capitalisation of over $3 billion, the company is ahead of long established corporations like Delta, Innscor and Seed Co — that…
FOR all its shortcomings, the National Social Security Authority (NSSA)’s financial standing is quite impressive, latest financial statements show. Although all of the organisation’s indicators are pointing in the positive direction, pensioners under its mandatory scheme still get very low benefits as a result of the pension system’s design, which generally conforms to international best…
SINCE November 2017, when president-elect Emmerson Mnangagwa took over from Robert Mugabe, the thrust of the new administration has been re-engagement with the international community in a bid to encourage foreign direct investment. All the while, business, economists and analysts have intensified calls on government to address the shortcomings in the country’s fiscal and monetary…
FOREIGN investors were net buyers of $12,3 million worth of shares on the local bourse last month, with GetBucks stock accounting for 80 percent of the transactions. According to Zimbabwe Stock Exchange (ZSE) figures, foreign purchases accounted for $38,2 million worth of shares while sales amounted to $26 million during the period under review. GetBucks…
MARKETS in Zimbabwe were unfazed by presidential results announced last week on Thursday in which President-elect Emmerson Mnangagwa won 50,8 percent of the votes to 44,3 percent for opposition leader Nelson Chamisa. The Zimbabwe Stock Exchange (ZSE), which was subdued during the election week, recorded gains after results were announced. The all share index registered…
ECONET Wireless Zimbabwe now has the largest market capitalisation on the Zimbabwe Stock Exchange (ZSE) after the local bourse’s decision to include unquoted shares in the company’s valuation on the equities market. Econet, which now has a market capitalisation of $3,2 billion, was the second largest company by market capitalisation, with a value of $1,97…
BRITISH American Tobacco Zimbabwe (BAT) will not be affected by international smoking bans and quotas, Old Mutual Securities (OMSEC) has said. In an analysis of the company’s recently-released financials for the six months to June 2018, OMSEC said apart from the cigarette maker having a strong business model that has withstood Zimbabwe’s harsh economic environment,…
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