Nearly half of adults have sent money locally amid subdued domestic remittances: Report
By ETimes Remittances have dropped over the years, from 58% of adults remitting in 2014 to 38% in 2022, says the Reserve Bank of Zimbabwe (RBZ). RBZ’s 2022 FinScope MSME…
Equities reverses 10-day positive trend
By ETimes On Tuesday, the Zimbabwe Stock Exchange closed in the red zone as investors profited from recent gains. The market rerouted south amid concerns of depressed activity on the…
Gold coins mopped up $13.6bn since July: RBZ
By ETimes Gold coins have mopped up $13.6 billion from the market since their introduction in July this year, the latest data shows. The country took the unprecedented step of…
More offtakers for Lubu Coal as Contango signs MOU
By ETimes Contango Holdings, the London listed miner announced that it has entered into a non-binding Memorandum of Understanding (MOU) with a leading Multi-National Company (MNC) with respect to its…
ZSE opens week with marginal gain
By ETimes The stock market resumed transactions for the week on Monday with a marginal growth of 0.07%, amid cautious trading. Specifically, the market capitalization increased $347.52 million to close…
No joy for business as MPC keeps rates unchanged until Q1 2023
By ETimes The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (RBZ) has decided to keep interest rates unchanged in order to keep the stability in the economy. RBZ…
With no investment, blackouts are here to stay
By ETimes The country has been plunged into hours of darkness extending to upto 16 hours of loadshedding, and the country does not seem to have a solution to the…
ZSE climb for ninth trading day
By ETimes The Zimbabwe Stock Exchange extended its winning streak to nine trading days on Friday, but liquidity remains low. The Delta share dominated trade activity, while activity in other…
Delta’s FY23 revenue seen at US$807 mln
By ETimes Delta Corporation’s lager and sorghum beer volumes are expected to rise in the short term thanks to the ongoing capital expenditure, a local equities group has said. IH…
FinMin to consider further incentives for issuers
…as ZSE gain $7.98bn in midweek trade The Zimbabwe Stock Exchange (ZSE) extended its upward trend on Wednesday, as mid-tier stocks rallied to leave the market in the black. With…