Equities opens week 0.70% up
By ETimes The Zimbabwe Stock Exchange resumed trading for the week on a high note, buoyed by gains in select heavyweights, with nine counters closing in the green and six…
MSME formalisation has not improved over the past decade at 14%: FinScope
By ETimes Zimbabwe’s micro, small, and medium enterprises’ (MSME) formalization has not increased over the past ten years, with the lowest percentage occurring among small businesses and individuals, a FinScope…
Tanganda sees volume growth after investments in new packaging machinery
By ETimes Tanganda expects to reap the benefits of its investments in new equipment for its Mutare packaging facilities. After delisting in 2008 following the disastrous merger with Kingdom Financial…
Back in the black, ART looks to finish expansionary capital investment program
By ETimes Amalgamated Regional Trading (ART) reported moderate growth after its key business units, both local and regional, remained resilient in the fiscal year ended September 30, 2022, despite a…
Zim’s third quarter mobile Internet and data traffic up 26.1%
By ETimes Zimbabwe’s mobile Internet and data traffic rose 26.1% to 32,473.1TB in the third quarter of 2022, from 25,756TB recorded in the second quarter of 2022, with Econet claiming…
ZSE back in the red, capitalisation loses $11.28bn
By ETimes The Stock Market closed on a bearish note on Thursday as market capitalisation closed at $1.62 trillion from the $1.63 trillion the previous day, a loss of $11.28…
Industry, commerce capacity utilization grows to 63% but business confidence wanes: ZNCC
By ETimes Capacity utilisation in industry and commerce increased by 15.5 percentage points in 2022 to 63% from 45.5% in 2021, boosted primarily by performance in information and communication technology,…
Equities add $6.01bn, reverses previous day loss
By ETimes The Zimbabwe Stock Exchange recovered previous day losses, on Wednesday, as the mainstream index rose by 0.33% to close at 14,826.95 points. This comes as high demand for…
US$8.9 billion for vulnerable nations from ADF
By ETimes The African Development Fund (ADF) has agreed to commit a total package of US$8.9 billion to its 2023 to 2025 financing cycle to help vulnerable African countries. It…
Self-funded wheat now up for trade via ZMX
By ETimes The Zimbabwe Mercantile Exchange (ZMX) said it has issued 72 000 Metric Tonnes (MT) wheat warehouse receipts to date and they are ready for trading. ZMX chief executive…