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,…
LAFARGE Cement Zimbabwe (Lafarge) expects production to double this last quarter of the year as the cement manufacturer ties up its US$25 million capital expansion programme that commenced two years ago. Following the successful installation of alternative power infrastructure in 2020 and the successful completion of the automated dry mortars (DMO) plant in 2021, the…
FOR some, life can be viewed as a race for accumulation. Accumulation of accolades, achievements and wealth. When wealth has been amassed, however, attention naturally turns to how to preserve that wealth, most times for posterity. Last week I addressed how trusts can be utilised as effective asset management tools. In this installment, I take…
AGRICULTURE minister Anxious Masuka says the government is looking forward to the findings of the 2022 Agriculture Sector Survey, which will be released this month.
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-285682.mp3?cb=1732294493.mp3THE International Accounting Standard Board recently issued the International Financial Reporting Standards (IFRS) 17, titled “Accounting for Insurance Contracts”, which the insurance sector must adopt by January 1, 2023 although early adoption is permitted. As this date draws near, the hype is developing about the adoption of the standard within insurance circles, but not so…
THE Covid-19 pandemic, which caused a global health crisis, has also resulted in a significant entrepreneurial drive in Zimbabwe, a survey by the Contact Centre Association of Zimbabwe (CCAZ) shows. According to the survey, the pandemic saw a boom in the healthcare, agri-business, hospitality and cleaning services sectors. “The Covid-19 era opened an entrepreneurship drive…
PAN African financial institution Ecobank says it is finalising a US$20 million facility for local exporters. This comes as total exports in 2022 stand at around US$3,3 billion as of July 2022, according to official figures, and are expected to reach the 2023 target of US $7 billion in 2022. Export figures for 2021 were…
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