ZSE last week closed with price gains

Tapiwanashe Mangwiro During the past week, the Zimbabwe Stock Exchange (ZSE) was characterised by price gains across most counters, supported by significant volumes. Platinum Securities in their weekly review said;…

Metallon to resume operations at Mazowe Mine

Business Writer Metallon Corporation says it is taking steps to resume underground shaft operations at its Mazowe Mine Company (MMC) as part of a corporate strategy that will also entail…

Foreign-funded banks upbeat about China’s economic development

BEIJING, Jan. 28 (Xinhua) — As China revealed data of its economic performance in 2023 recently, experts from multiple foreign-invested financial institutions made positive remarks on the country’s future economic…

Businesses demand 25 pc premium above official exchange rate

Business Writer The country’s formal retail and wholesale sectors have recommended employing an exchange rate comprised of the auction rate supplemented by a trading premium of no less than 25…

Ariston losses widen

Business Writer Zimbabwe Stock Exchange listed agricultural concern, Ariston, saw its after tax losses widen to an inflation adjusted $33,1 billion in its financial year ended September 30, 2023. The…

Debt resolution key in determining Zimbabwe’s economic future

Business Writer As Zimbabwe seeks to resolve her debt overhang, analysts have underscored the pivotal role such an exercise will play in helping determine the future of the country in…

Projected low agric output to impact on NamPak performance

Enacy Mapakame Listed packaging products maker, NamPak Holdings Limited’s volumes growth for the financial year 2024 (FY24), is expected to be modest at 5 percent on the back of challenges…

Zimdollar woes leave banks jittery

Business Writers Income from banks’ core businesses has plummeted as banks adopt a more cautious approach in lending given the volatility of the local currency, a latest report shows. According…

Zim looks to China to secure place in EV battery supply chain

Wonder Mushove stared blankly at plumes of red dust billowing into the sky as more than 30 trucks carrying loads of lithium ore rumbled past his newly-built house in Buhera,…

Of debt clearance and sanctions conundrum

Economy Uncensored with Tapiwanashe Mangwiro Zimbabwe has been on a drive to come up with a solution to clear its foreign and domestic debt such that it begins to borrow…

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