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Month: January 2023

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  • IH says fundamentals point to a bullish stock market in 2023

IH says fundamentals point to a bullish stock market in 2023

…as mid-tier caps lift market index By ETimes The Zimbabwe Stock Exchange opened the week on a positive note, extending its bullish sentiment to three consecutive trading sessions. Today’s performance…

Analysing the progress of the Africa Continental FTA

By ETimes It has been two years since the Africa Continental FTA (AfCFTA) came into effect. Great expectations were attached to it, as it fulfilled a major goal for the…

Nampak Zimbabwe intends to work on new ‘significant’ capital projects

…after spending $1.66bn on capex in FY22 By ETimes Nampak Zimbabwe says it spent $1.66 billion on capital expenditure for the year ended 30 September 2022 and is now reviewing…

Zimbabwe GDP growth to grow by 2.4% in 2023 – Fitch Solutions

…as mid-tier stocks drive ZSE to a marginal gain The Zimbabwe Stock Exchange on Friday gained 0.14%, extending bullish sentiment to two consecutive trading sessions. As a result, the market…

SeedCo Ltd expects full year volume growth after quarterly revenue jump

By ETimes SeedCo Limited, the country’s biggest seed producer, says it expects full year volume growth as well as a rise in the proportion of foreign currency sales despite a…

Equities regain steam, turnover rises to $1.18bn

By ETimes The Zimbabwe Stock Exchange steadied on Thursday after one day of losses as the mainstream index jumped 1.35%. Analysts expect the market to gain momentum as investors continue…

Batoka Hydropower scheme turns to AfDB for funding

By ETimes Zambia and Zimbabwe want the African Development Bank (AfDB) to help revamp plans for the joint development 2,400MW Batoka Hydropower Scheme after General Electric and China’s Power Construction…

Zanu PF to win majority of parliamentary seats – Fitch Solutions

By ETimes A top American market research firm, Fitch Solutions, expects the ruling Zanu PF party to win a majority of seats in the parliamentary elections amid the current social…

ZSE retreats in mid-week trades

By ETimes The ZSE All Share Index retreated by 43.92 points to close at 21 817.48 points. Losses were recorded in Dairibord which lost $2.73 in the day to close…

Ariston first quarter revenue fell 27%

By ETimes Horticulture exporter Ariston reported a 27% decline in revenue for the first quarter ended 31 December 2022 owing to a slump in sales volumes of macadamia, poultry and…