ZSE back in the red, capitalisation loses $11.28bn
TweetShareSharePin0 SharesBy 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…
Industry, commerce capacity utilization grows to 63% but business confidence wanes: ZNCC
TweetShareSharePin0 SharesBy 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…
Equities add $6.01bn, reverses previous day loss
TweetShareSharePin0 SharesBy 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…
US$8.9 billion for vulnerable nations from ADF
TweetShareSharePin0 SharesBy 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.…
Self-funded wheat now up for trade via ZMX
TweetShareSharePin0 SharesBy 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…
Nearly half of adults have sent money locally amid subdued domestic remittances: Report
TweetShareSharePin0 SharesBy 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…
Equities reverses 10-day positive trend
TweetShareSharePin0 SharesBy 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…
Gold coins mopped up $13.6bn since July: RBZ
TweetShareSharePin0 SharesBy 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…
More offtakers for Lubu Coal as Contango signs MOU
TweetShareSharePin0 SharesBy 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…
ZSE opens week with marginal gain
TweetShareSharePin0 SharesBy 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…